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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 1,065 people, 414 houses or apartments, and a median cost of homes of $100,773, house prices in Town Creek are solidly below the national average.
Single-family detached homes are the single most common housing type in Town Creek, accounting for 70.39% of the town's housing units. Other types of housing that are prevalent in Town Creek include large apartment complexes or high rise apartments ( 13.87%), duplexes, homes converted to apartments or other small apartment buildings ( 8.49%), and a few mobile homes or trailers ( 7.25%).
The most prevalent building size and type in Town Creek are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.56% owning and 37.44% renting.
There is a lot of housing in Town Creek 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 Town Creek built between 1940-1969 ( 35.82%). A lesser amount of the housing stock also hails from before 1939 ( 8.07%). There's also some housing in Town Creek built between 2000 and later ( 1.45%).
Vacant housing appears to be an issue in Town Creek. Fully 14.29% of the housing stock is classified as vacant. Left unchecked, vacant Town Creek homes and apartments can be a drag on the real estate market, holding Town Creek 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.
In the last 10 years, Town Creek has experienced some of the highest home appreciation rates of any community in the nation. Town Creek real estate appreciated 19.56% over the last ten years, which is an average annual home appreciation rate of 1.80%, putting Town Creek in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Town Creek definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Town Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Town Creek's appreciation rate has been 3.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Town Creek were at 4.54%, which equates to an annual appreciation rate of 19.46%.
Importantly, this makes Town Creek one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Alabama, our data show that Town Creek's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.
|$807,001 - $1,076,000||0.5|
|$538,001 - $807,000||0.0|
|$430,001 - $538,000||1.5|
|$323,001 - $430,000||0.8|
|$215,001 - $323,000||7.5|
|$107,001 - $215,000||37.6|
|$54,001 - $107,000||32.3|
|$0 - $54,000||19.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Town Creek HOMES|
|2000 or Newer||1.4|
|1970 - 1999||54.7|
|1940 - 1969||35.8|
|1939 or Older||8.1|
|TYPE OF Town Creek HOMES|
|Small Apt. Buildings||8.5|
|SIZE OF Town Creek HOMES|
|5 or more bedrooms||1.45|