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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rainsville, AL Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rainsville, AL Housing Market Trends

With 5,676 people, 2,182 houses or apartments, and a median cost of homes of $210,959, 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 78.71% of the city's housing units. Other types of housing that are prevalent in Rainsville include duplexes, homes converted to apartments or other small apartment buildings ( 8.27%), mobile homes or trailers ( 6.09%), and a few row houses and other attached homes ( 4.16%).

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 81.48% of Rainsville's homes, and 73.58% 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 ( 37.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.01%).

Rainsville Home Appreciation Rates

Real estate appreciation rates in Rainsville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.38% during the period.

NeighborhoodScout's data show that during the latest twelve months, Rainsville's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Rainsville's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.

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

$210,959

Rainsville, AL Home Prices
> $1,290,000
$967,001 - $1,290,000
$644,001 - $967,000
$516,001 - $644,000
$387,001 - $516,000
$258,001 - $387,000
$129,001 - $258,000
$65,001 - $129,000
$0 - $65,000
0.0%
0.0%
1.7%
1.7%
1.5%
1.5%
1.7%
1.7%
15.7%
15.7%
22.4%
22.4%
33.8%
33.8%
17.9%
17.9%
5.3%
5.3%
0% 100.0%
% of Homes
Average

for Alabama

Low

for nation

Number of Homes And Apartments:

2,182

Rainsville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,042 / per month

Homeownership Rate

Owners
Renters
81.5%
81.5%
18.5%
18.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.4%
8.4%
91.6%
91.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
37.6%
37.6%
44.6%
44.6%
17.0%
17.0%
0.8%
0.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.7%
78.7%
4.2%
4.2%
8.3%
8.3%
2.8%
2.8%
6.1%
6.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
3.1%
3.1%
21.0%
21.0%
57.8%
57.8%
15.7%
15.7%
2.4%
2.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Rainsville

Zip Codes in Rainsville, AL