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 a population of 1,065, 414 total housing units (homes and apartments), and a median house value of $96,110, the cost of homes in Town Creek is among some of the lowest in the nation. Compared to Alabama, however, Town Creek real state is not on the lower end of the price spectrum.
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.
Appreciation rates for homes in Town Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.07%, which ranks in the top 30% nationwide. This equates to an annual average Town Creek house appreciation rate of 1.32%.
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 -1.97%, 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 2.14%, which equates to an annual appreciation rate of 8.84%.
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 lower than 90% of the other cities and towns in Alabama.
|$770,001 - $1,026,000||0.5|
|$513,001 - $770,000||0.0|
|$411,001 - $513,000||1.5|
|$308,001 - $411,000||0.8|
|$205,001 - $308,000||7.5|
|$102,001 - $205,000||37.6|
|$51,001 - $102,000||32.3|
|$0 - $51,000||19.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 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|