Irvington, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Irvington, AL Real Estate Data


Irvington Housing Market Information

With a population of 14,705, 1,786 total housing units (homes and apartments), and a median house value of $93,030, the cost of homes in Irvington is among some of the lowest in the nation. Compared to Alabama, however, Irvington real state is not on the lower end of the price spectrum.

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 -0.16% 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 7.21%, which is higher than appreciation rates in 81.69% 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 1.18%, which equates to an annual appreciation rate of 4.81%.

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:
$93,030

Irvington, AL HOME PRICES

Value Range
> $1,088,000 1.6
$816,001 - $1,088,000 0.3
$544,001 - $816,000 1.9
$435,001 - $544,000 0.3
$326,001 - $435,000 4.1
$218,001 - $326,000 10.2
$109,001 - $218,000 27.5
$55,001 - $109,000 28.6
$0 - $55,000 24.3

Average for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
81.8938239774991 60.0

Number Of Homes And Apartments:
1,786

Rent & Ownership

 

Average Market Rent:
$1,064 / 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

Irvington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
32.35% 1.64% 6 4
* 10 is highest

Popular Neighborhoods in Irvington

Zip Codes in Irvington, AL