Killen, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Killen, AL Real Estate Data


Killen Housing Market Information

With 982 people, 437 houses or apartments, and a median cost of homes of $167,071, Killen real estate is some of the most expensive in Alabama, although Killen home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Killen, accounting for 87.18% of the town's housing units. Other types of housing that are prevalent in Killen include duplexes, homes converted to apartments or other small apartment buildings ( 6.84%), mobile homes or trailers ( 5.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Killen. Owner-occupied housing accounts for 79.86% of Killen's homes, and 79.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Killen 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 Killen built between 1940-1969 ( 29.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.16%). There's also some housing in Killen built before 1939 ( 4.27%).

Killen Home Appreciation Rates

Appreciation rates for homes in Killen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.94%, which ranks in the top 30% nationwide. This equates to an annual average Killen house appreciation rate of 1.66%.

Over the last year, Killen appreciation rates have trailed the rest of the nation. In the last twelve months, Killen's appreciation rate has been 3.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Killen were at -1.16%, which equates to an annual appreciation rate of -4.58%.

Notably, Killen's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Killen's latest annual appreciation rate is lower than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$167,071

Killen, AL HOME PRICES

Value Range
> $1,099,000 1.2
$824,001 - $1,099,000 0.0
$550,001 - $824,000 6.1
$440,001 - $550,000 4.2
$330,001 - $440,000 7.5
$220,001 - $330,000 15.3
$110,001 - $220,000 38.6
$55,001 - $110,000 16.1
$0 - $55,000 11.1

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
43.8894419394507 10.75

Number Of Homes And Apartments:
437

Rent & Ownership

 

Average Market Rent:
$852 / per month

Homeownership Rate

Homeownership
Owners 79.86
Renters 20.14
Vacant 6.62

Housing Market Details

 

Age of Homes

AGE OF Killen HOMES
2000 or Newer 18.2
1970 - 1999 48.1
1940 - 1969 29.5
1939 or Older 4.3

Types of Homes

TYPE OF Killen HOMES
Single-Family 87.2
Townhomes 0.9
Small Apt. Buildings 6.8
Apt. Complexes 0.0
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Killen HOMES
No Bedroom 0.00
1 Bedroom 0.43
2 Bedrooms 14.96
3 Bedrooms 64.74
4 Bedrooms 14.74
5 or more bedrooms 5.13

Killen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
42.34% 2.10% 8 5
* 10 is highest