Rainsville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rainsville, 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 Q2 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

Rainsville Housing Market Information

With a population of 5,031, 1,896 total housing units (homes and apartments), and a median house value of $112,062, house prices in Rainsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Rainsville, accounting for 70.65% of the city's housing units. Other types of housing that are prevalent in Rainsville include mobile homes or trailers ( 11.71%), large apartment complexes or high rise apartments ( 10.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.81%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rainsville. Owner-occupied housing accounts for 75.00% of Rainsville's homes, and 69.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rainsville 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 Rainsville built between 2000 and later ( 15.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.06%). There's also some housing in Rainsville built before 1939 ( 4.47%).

Vacant housing appears to be an issue in Rainsville. Fully 12.63% of the housing stock is classified as vacant. Left unchecked, vacant Rainsville homes and apartments can be a drag on the real estate market, holding Rainsville 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.

Rainsville Home Appreciation Rates

Appreciation rates for homes in Rainsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.80%, which ranks in the top 50% nationwide. This equates to an annual average Rainsville house appreciation rate of 0.37%.

Over the last year, Rainsville appreciation rates have trailed the rest of the nation. In the last twelve months, Rainsville's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rainsville were at -0.55%, which equates to an annual appreciation rate of -2.17%.

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

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

Average Home Values

 

Median Home Value:
$112,062

Rainsville, AL HOME PRICES

Value Range
> $1,040,000 0.9
$780,001 - $1,040,000 1.1
$520,001 - $780,000 1.0
$416,001 - $520,000 1.0
$312,001 - $416,000 3.7
$208,001 - $312,000 9.0
$104,001 - $208,000 36.5
$52,001 - $104,000 30.5
$0 - $52,000 16.3

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
71.2863750805082 45.75

Number Of Homes And Apartments:
1,896

Rainsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
29.42% 1.48% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$739 / per month

Homeownership Rate

Homeownership
Owners 75.00
Renters 25.00
Vacant 12.63

Housing Market Details

 

Age of Homes

AGE OF Rainsville HOMES
2000 or Newer 16.0
1970 - 1999 68.5
1940 - 1969 11.1
1939 or Older 4.5

Types of Homes

TYPE OF Rainsville HOMES
Single-Family 70.6
Townhomes 1.8
Small Apt. Buildings 5.8
Apt. Complexes 10.0
Mobile Homes 11.7
Other 0.0

Home Size

SIZE OF Rainsville HOMES
No Bedroom 6.87
1 Bedroom 2.76
2 Bedrooms 18.94
3 Bedrooms 51.20
4 Bedrooms 18.57
5 or more bedrooms 1.66

Popular Neighborhoods in Rainsville

Zip Codes in Rainsville, AL