Pell City, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pell City Neighborhoods Since 2000




Pell City, 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

Pell City Housing Market Information

With 13,646 people, 5,225 houses or apartments, and a median cost of homes of $195,236, Pell City real estate is some of the most expensive in Alabama, although Pell City home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Pell City, accounting for 67.26% of the city's housing units. Other types of housing that are prevalent in Pell City include large apartment complexes or high rise apartments ( 12.72%), duplexes, homes converted to apartments or other small apartment buildings ( 9.80%), and a few mobile homes or trailers ( 9.16%).

The most prevalent building size and type in Pell City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.92% owning and 44.08% renting.

There is a lot of housing in Pell City 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 Pell City built between 2000 and later ( 28.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.28%). There's also some housing in Pell City built before 1939 ( 2.68%).

Vacant housing appears to be an issue in Pell City. Fully 12.46% of the housing stock is classified as vacant. Left unchecked, vacant Pell City homes and apartments can be a drag on the real estate market, holding Pell City 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.

Pell City Home Appreciation Rates

Real estate appreciation rates in Pell City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

Over the last year, Pell City appreciation rates have trailed the rest of the nation. In the last twelve months, Pell City's appreciation rate has been 0.50%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pell City were at 0.16%, which equates to an annual appreciation rate of 0.62%.

Relative to Alabama, our data show that Pell City's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$195,236

Pell City, AL HOME PRICES

Value Range
> $1,058,000 0.4
$794,001 - $1,058,000 0.8
$529,001 - $794,000 0.9
$423,001 - $529,000 5.6
$318,001 - $423,000 7.5
$212,001 - $318,000 19.9
$106,001 - $212,000 35.8
$53,001 - $106,000 14.1
$0 - $53,000 15.0

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
33.4348998007735 4.75

Number Of Homes And Apartments:
5,225

Pell City 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
26.39% 1.37% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$967 / per month

Homeownership Rate

Homeownership
Owners 55.92
Renters 44.08
Vacant 12.46

Housing Market Details

 

Age of Homes

AGE OF Pell City HOMES
2000 or Newer 28.2
1970 - 1999 52.8
1940 - 1969 16.3
1939 or Older 2.7

Types of Homes

TYPE OF Pell City HOMES
Single-Family 67.3
Townhomes 1.1
Small Apt. Buildings 9.8
Apt. Complexes 12.7
Mobile Homes 9.2
Other 0.0

Home Size

SIZE OF Pell City HOMES
No Bedroom 0.57
1 Bedroom 2.88
2 Bedrooms 29.79
3 Bedrooms 52.66
4 Bedrooms 7.79
5 or more bedrooms 6.32