Mountain Brook, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mountain Brook, AL Real Estate Data


Mountain Brook Housing Market Information

With 20,691 people, 7,340 houses or apartments, and a median cost of homes of $527,582, Mountain Brook house prices are not only among the most expensive in Alabama, Mountain Brook real estate also is some of the most expensive in all of America.

Mountain Brook is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Mountain Brook than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mountain Brook. Owner-occupied housing accounts for 85.33% of Mountain Brook's homes, and 68.31% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Mountain Brook's housing was primarily built during this period, from the '40s through the '60s. A full 55.92% of the city's housing hails from this era. Other housing ages represented in Mountain Brook include homes built between 1970-1999 ( 26.91%) and housing constructed before 1939 ( 10.79%). There's also some housing in Mountain Brook built between 2000 and later ( 6.38%).

Mountain Brook Home Appreciation Rates

Appreciation rates for homes in Mountain Brook have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.00%, which ranks in the top 40% nationwide. This equates to an annual average Mountain Brook house appreciation rate of 0.68%.

NeighborhoodScout's data show that during the latest twelve months, Mountain Brook's appreciation rate, at 4.00%, has been at or slightly above the national average. In the latest quarter, Mountain Brook's appreciation rate has been 0.65%, which annualizes to a rate of 2.63%.

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

Average Home Values

 

Median Home Value:
$527,582

Mountain Brook, AL HOME PRICES

Value Range
> $1,115,000 9.6
$836,001 - $1,115,000 11.4
$558,001 - $836,000 22.4
$446,001 - $558,000 12.2
$335,001 - $446,000 13.0
$223,001 - $335,000 11.5
$112,001 - $223,000 12.1
$56,001 - $112,000 1.9
$0 - $56,000 1.5

Very High for AL
Very High for Nation

Value Relative to Nation Value Relative to State
5.10371498886675 0.25

Number Of Homes And Apartments:
7,340

Rent & Ownership

 

Average Market Rent:
$1,635 / per month

Homeownership Rate

Homeownership
Owners 85.33
Renters 14.67
Vacant 4.03

Housing Market Details

 

Age of Homes

AGE OF Mountain Brook HOMES
2000 or Newer 6.4
1970 - 1999 26.9
1940 - 1969 55.9
1939 or Older 10.8

Types of Homes

TYPE OF Mountain Brook HOMES
Single-Family 83.9
Townhomes 3.3
Small Apt. Buildings 4.8
Apt. Complexes 7.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Mountain Brook HOMES
No Bedroom 0.52
1 Bedroom 4.34
2 Bedrooms 10.26
3 Bedrooms 28.05
4 Bedrooms 40.26
5 or more bedrooms 16.57

Mountain Brook 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
57.90% 2.68% 10 7
* 10 is highest