Irvington, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Irvington, AL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Irvington Housing Market Information

With 14,705 people, 1,786 houses or apartments, and a median cost of homes of $92,416, house prices in Irvington are solidly below the national average.

Single-family detached homes are the single most common housing type in Irvington, accounting for 64.10% of the town's housing units. Other types of housing that are prevalent in Irvington include mobile homes or trailers ( 35.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Irvington. Owner-occupied housing accounts for 78.13% of Irvington's homes, and 77.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Irvington 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 Irvington built between 2000 and later ( 23.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.82%). There's also some housing in Irvington built before 1939 ( 3.58%).

Irvington Home Appreciation Rates

Real estate appreciation rates in Irvington's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

Appreciation rates are so strong in Irvington that despite a nationwide downturn in the housing market, Irvington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Irvington appreciation rates continue to be some of the highest in America, at 5.63%, which is higher than appreciation rates in 70.69% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Irvington. Irvington appreciation rates in the latest quarter were at -0.40%, which equates to an annual appreciation rate of -1.59%.

Relative to Alabama, our data show that Irvington's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$92,416

Irvington, AL HOME PRICES

Value Range
> $1,080,000 2.6
$810,001 - $1,080,000 0.3
$540,001 - $810,000 1.9
$432,001 - $540,000 0.3
$324,001 - $432,000 4.1
$216,001 - $324,000 10.2
$108,001 - $216,000 27.5
$54,001 - $108,000 28.6
$0 - $54,000 24.3

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
82.4416969412868 61.5

Number Of Homes And Apartments:
1,786

Irvington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
31.54% 1.60% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,116 / per month

Homeownership Rate

Homeownership
Owners 78.13
Renters 21.87
Vacant 9.97

Housing Market Details

 

Age of Homes

AGE OF Irvington HOMES
2000 or Newer 23.0
1970 - 1999 62.6
1940 - 1969 10.8
1939 or Older 3.6

Types of Homes

TYPE OF Irvington HOMES
Single-Family 64.1
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.2
Mobile Homes 35.5
Other 0.2

Home Size

SIZE OF Irvington HOMES
No Bedroom 0.12
1 Bedroom 1.23
2 Bedrooms 19.25
3 Bedrooms 67.13
4 Bedrooms 10.37
5 or more bedrooms 1.90

Popular Neighborhoods in Irvington

Zip Codes in Irvington, AL