Town Creek, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Town Creek, AL Real Estate Data


Town Creek Housing Market Information

With 1,065 people, 414 houses or apartments, and a median cost of homes of $93,626, 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.

Town Creek Home Appreciation Rates

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 11.59%, which ranks in the top 30% nationwide. This equates to an annual average Town Creek house appreciation rate of 1.10%.

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 -8.88%, 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 -3.06%, which equates to an annual appreciation rate of -11.67%.

Notably, Town Creek's appreciation rate in the latest quarter is one of the lowest in America.

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.

Average Home Values

 

Median Home Value:
$93,626

Town Creek, AL HOME PRICES

Value Range
> $999,000 0.0
$749,001 - $999,000 0.5
$499,001 - $749,000 0.0
$399,001 - $499,000 1.5
$300,001 - $399,000 0.8
$200,001 - $300,000 7.5
$100,001 - $200,000 37.6
$50,001 - $100,000 32.3
$0 - $50,000 19.9

Average for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
81.5246689323802 59.75

Number Of Homes And Apartments:
414

Rent & Ownership

 

Average Market Rent:
$577 / per month

Homeownership Rate

Homeownership
Owners 62.56
Renters 37.44
Vacant 14.29

Housing Market Details

 

Age of Homes

AGE OF Town Creek HOMES
2000 or Newer 1.4
1970 - 1999 54.7
1940 - 1969 35.8
1939 or Older 8.1

Types of Homes

TYPE OF Town Creek HOMES
Single-Family 70.4
Townhomes 0.0
Small Apt. Buildings 8.5
Apt. Complexes 13.9
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Town Creek HOMES
No Bedroom 0.00
1 Bedroom 7.66
2 Bedrooms 26.92
3 Bedrooms 51.97
4 Bedrooms 12.01
5 or more bedrooms 1.45

Town Creek Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
38.91% 1.92% 8 5
* 10 is highest

Popular Neighborhoods in Town Creek

Zip Codes in Town Creek, AL