Irondale, AL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Irondale, AL Housing Market Trends

With a population of 13,497, 5,499 total housing units (homes and apartments), and a median house value of $221,601, Irondale real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Irondale, accounting for 64.67% of the city's housing units. Other types of housing that are prevalent in Irondale include large apartment complexes or high rise apartments ( 21.38%), mobile homes or trailers ( 6.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.17%).

The most prevalent building size and type in Irondale are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.67% owning and 37.33% renting.

There is a lot of housing in Irondale built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Irondale built between 1940-1969 ( 24.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.64%). There's also some housing in Irondale built before 1939 ( 1.83%).

Vacant housing appears to be an issue in Irondale. Fully 10.26% of the housing stock is classified as vacant. Left unchecked, vacant Irondale homes and apartments can be a drag on the real estate market, holding Irondale real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Irondale Home Appreciation Rates

Real estate appreciation rates in Irondale's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.42% during the period.

Over the last year, Irondale appreciation rates have trailed the rest of the nation. In the last twelve months, Irondale's appreciation rate has been 16.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Irondale were at 6.03%, which equates to an annual appreciation rate of 26.39%.

Relative to Alabama, our data show that Irondale's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$221,601

Irondale, AL HOME PRICES

> $1,323,000
1.8%
1.8%
$992,001 - $1,323,000
3.6%
3.6%
$662,001 - $992,000
8.2%
8.2%
$529,001 - $662,000
4.2%
4.2%
$397,001 - $529,000
8.0%
8.0%
$265,001 - $397,000
16.9%
16.9%
$132,001 - $265,000
35.1%
35.1%
$66,001 - $132,000
14.7%
14.7%
$0 - $66,000
7.7%
7.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for AL

Value Relative To Nation

Number Of Homes And Apartments:
5,499

Irondale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
79.33% 2.69%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,483 / per month

Homeownership Rate

Owners
62.7%
62.7%
Renters
37.3%
37.3%
Vacant
10.3%
10.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.6%
17.6%
1970 - 1999
56.0%
56.0%
1940 - 1969
24.6%
24.6%
1939 or Older
1.8%
1.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.7%
64.7%
Townhomes
2.0%
2.0%
Small Apt. Buildings
5.2%
5.2%
Apt. Complexes
21.4%
21.4%
Mobile Homes
6.7%
6.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
9.6%
9.6%
2 Bedrooms
24.9%
24.9%
3 Bedrooms
51.0%
51.0%
4 Bedrooms
11.4%
11.4%
5 or more bedrooms
2.3%
2.3%
0.0% 100.0%
% OF HOMES