Reece City, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Reece City Neighborhoods Since 2000




Reece City, AL Real Estate Data


Reece City Housing Market Information

With a population of 632, 277 total housing units (homes and apartments), and a median house value of $85,652, house prices in Reece City are solidly below the national average.

Single-family detached homes are the single most common housing type in Reece City, accounting for 89.87% of the town's housing units. Other types of housing that are prevalent in Reece City include mobile homes or trailers ( 9.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Reece City. Owner-occupied housing accounts for 87.00% of Reece City's homes, and 75.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Reece 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 Reece City built between 1940-1969 ( 34.97%). A lesser amount of the housing stock also hails from before 1939 ( 10.46%). There's also some housing in Reece City built between 2000 and later ( 7.52%).

Reece City Home Appreciation Rates

Appreciation rates for homes in Reece City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.01%, which ranks in the top 50% nationwide. This equates to an annual average Reece City house appreciation rate of 0.49%.

Over the last year, Reece City appreciation rates have trailed the rest of the nation. In the last twelve months, Reece City's appreciation rate has been 3.22%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Reece City were at 1.17%, which equates to an annual appreciation rate of 4.75%.

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

Average Home Values

 

Median Home Value:
$85,652

Reece City, AL HOME PRICES

Value Range
> $996,000 0.5
$747,001 - $996,000 1.2
$498,001 - $747,000 0.3
$398,001 - $498,000 1.3
$299,001 - $398,000 2.4
$199,001 - $299,000 5.7
$100,001 - $199,000 32.2
$49,001 - $100,000 28.3
$0 - $49,000 28.1

Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
88.1097382444223 70.0

Number Of Homes And Apartments:
277

Rent & Ownership

 

Average Market Rent:
$696 / per month

Homeownership Rate

Homeownership
Owners 87.00
Renters 13.00
Vacant 9.48

Housing Market Details

 

Age of Homes

AGE OF Reece City HOMES
2000 or Newer 7.5
1970 - 1999 47.1
1940 - 1969 35.0
1939 or Older 10.5

Types of Homes

TYPE OF Reece City HOMES
Single-Family 89.9
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.7
Mobile Homes 9.5
Other 0.0

Home Size

SIZE OF Reece City HOMES
No Bedroom 0.00
1 Bedroom 10.78
2 Bedrooms 9.15
3 Bedrooms 65.03
4 Bedrooms 10.46
5 or more bedrooms 4.58

Reece City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
25.28% 1.33% 4 3
* 10 is highest

Popular Neighborhoods in Reece City

Zip Codes in Reece City, AL