Smiths Station, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Smiths Station Neighborhoods Since 2000




Smiths Station, 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

Smiths Station Housing Market Information

With a population of 5,300, 1,966 total housing units (homes and apartments), and a median house value of $135,289, house prices in Smiths Station are solidly below the national average.

Single-family detached homes are the single most common housing type in Smiths Station, accounting for 66.92% of the city's housing units. Other types of housing that are prevalent in Smiths Station include mobile homes or trailers ( 18.86%), duplexes, homes converted to apartments or other small apartment buildings ( 6.97%), and a few large apartment complexes or high rise apartments ( 4.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Smiths Station. Owner-occupied housing accounts for 72.94% of Smiths Station's homes, and 66.26% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Smiths Station 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 Smiths Station built between 2000 and later ( 24.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.68%).

Smiths Station Home Appreciation Rates

Smiths Station's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Smiths Station during the period has been just -0.83%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Smiths Station's appreciation rate, at 5.54%, has been at or slightly above the national average. In the latest quarter, Smiths Station's appreciation rate has been 1.67%, which annualizes to a rate of 6.85%.

Relative to Alabama, our data show that Smiths Station's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$135,289

Smiths Station, AL HOME PRICES

Value Range
> $1,080,000 0.6
$810,001 - $1,080,000 0.2
$540,001 - $810,000 1.2
$432,001 - $540,000 1.1
$324,001 - $432,000 5.7
$216,001 - $324,000 14.7
$108,001 - $216,000 45.5
$54,001 - $108,000 19.4
$0 - $54,000 11.6

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
58.5455822940453 25.75

Number Of Homes And Apartments:
1,966

Smiths Station 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
22.44% 1.16% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,100 / per month

Homeownership Rate

Homeownership
Owners 72.94
Renters 27.06
Vacant 8.00

Housing Market Details

 

Age of Homes

AGE OF Smiths Station HOMES
2000 or Newer 24.2
1970 - 1999 54.3
1940 - 1969 20.7
1939 or Older 0.7

Types of Homes

TYPE OF Smiths Station HOMES
Single-Family 66.9
Townhomes 0.3
Small Apt. Buildings 7.0
Apt. Complexes 4.8
Mobile Homes 18.9
Other 2.1

Home Size

SIZE OF Smiths Station HOMES
No Bedroom 2.06
1 Bedroom 4.68
2 Bedrooms 26.02
3 Bedrooms 48.29
4 Bedrooms 17.97
5 or more bedrooms 0.98

Zip Codes in Smiths Station, AL