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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 4,714, 2,045 total housing units (homes and apartments), and a median house value of $72,586, house prices in Piedmont are some of the most affordable in Alabama as well as the nation.
Single-family detached homes are the single most common housing type in Piedmont, accounting for 77.68% of the city's housing units. Other types of housing that are prevalent in Piedmont include mobile homes or trailers ( 10.57%), duplexes, homes converted to apartments or other small apartment buildings ( 9.20%), and a few large apartment complexes or high rise apartments ( 2.19%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Piedmont. Owner-occupied housing accounts for 69.14% of Piedmont's homes, and 57.36% 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. Piedmont's housing was primarily built during this period, from the '40s through the '60s. A full 43.15% of the city's housing hails from this era. Other housing ages represented in Piedmont include homes built between 1970-1999 ( 40.84%) and housing constructed before 1939 ( 12.22%). There's also some housing in Piedmont built between 2000 and later ( 3.80%).
Vacant housing appears to be an issue in Piedmont. Fully 19.93% of the housing stock is classified as vacant. Left unchecked, vacant Piedmont homes and apartments can be a drag on the real estate market, holding Piedmont 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.
Real estate appreciation rates in Piedmont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.46% during the period.
Over the last year, Piedmont appreciation rates have trailed the rest of the nation. In the last twelve months, Piedmont's appreciation rate has been -0.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Piedmont were at 4.93%, which equates to an annual appreciation rate of 21.21%.
Importantly, this makes Piedmont one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Alabama, our data show that Piedmont's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.
|$763,001 - $1,017,000||0.0|
|$509,001 - $763,000||0.0|
|$407,001 - $509,000||0.0|
|$305,001 - $407,000||1.0|
|$203,001 - $305,000||8.7|
|$102,001 - $203,000||30.8|
|$51,001 - $102,000||33.6|
|$0 - $51,000||25.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Piedmont HOMES|
|2000 or Newer||3.8|
|1970 - 1999||40.8|
|1940 - 1969||43.1|
|1939 or Older||12.2|
|TYPE OF Piedmont HOMES|
|Small Apt. Buildings||9.2|
|SIZE OF Piedmont HOMES|
|5 or more bedrooms||1.80|