Piedmont, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Piedmont, AL Real Estate Data


Piedmont Housing Market Information

With a population of 4,714, 2,045 total housing units (homes and apartments), and a median house value of $70,149, 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.

Piedmont Home Appreciation Rates

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 -0.59% 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 -4.98%, 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 -2.72%, which equates to an annual appreciation rate of -10.46%.

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

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.

Average Home Values

 

Median Home Value:
$70,149

Piedmont, AL HOME PRICES

Value Range
> $982,000 0.2
$737,001 - $982,000 0.0
$492,001 - $737,000 0.0
$393,001 - $492,000 0.0
$295,001 - $393,000 1.0
$196,001 - $295,000 8.7
$98,001 - $196,000 30.8
$49,001 - $98,000 33.6
$0 - $49,000 25.6

Very Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
95.0837923356381 87.25

Number Of Homes And Apartments:
2,045

Rent & Ownership

 

Average Market Rent:
$503 / per month

Homeownership Rate

Homeownership
Owners 69.14
Renters 30.86
Vacant 19.93

Housing Market Details

 

Age of Homes

AGE OF Piedmont HOMES
2000 or Newer 3.8
1970 - 1999 40.8
1940 - 1969 43.1
1939 or Older 12.2

Types of Homes

TYPE OF Piedmont HOMES
Single-Family 77.7
Townhomes 0.4
Small Apt. Buildings 9.2
Apt. Complexes 2.2
Mobile Homes 10.6
Other 0.0

Home Size

SIZE OF Piedmont HOMES
No Bedroom 0.12
1 Bedroom 5.79
2 Bedrooms 34.93
3 Bedrooms 49.77
4 Bedrooms 7.60
5 or more bedrooms 1.80

Piedmont 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
19.17% 1.02% 2 2
* 10 is highest

Popular Neighborhoods in Piedmont

Zip Codes in Piedmont, AL