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 a population of 1,065, 379 total housing units (homes and apartments), and a median house value of $96,793, 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 71.09% of the town's housing units. Other types of housing that are prevalent in Town Creek include duplexes, homes converted to apartments or other small apartment buildings ( 10.22%), mobile homes or trailers ( 10.00%), and a few large apartment complexes or high rise apartments ( 8.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Town Creek. Owner-occupied housing accounts for 71.50% of Town Creek's homes, and 61.52% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Town Creek's housing was primarily built during this period, from the '40s through the '60s. A full 47.61% of the town's housing hails from this era. Other housing ages represented in Town Creek include homes built between 1970-1999 ( 46.30%) and housing constructed before 1939 ( 5.43%).

Vacant housing appears to be an issue in Town Creek. Fully 17.61% 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

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 20.90% over the last ten years, which is an average annual home appreciation rate of 1.92%, 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 1.10%, 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 -0.22%, which equates to an annual appreciation rate of -0.87%.

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:
$96,793

Town Creek, AL HOME PRICES

Value Range
> $1,118,000 0.0
$839,001 - $1,118,000 0.6
$559,001 - $839,000 0.0
$447,001 - $559,000 1.6
$335,001 - $447,000 1.5
$224,001 - $335,000 7.2
$112,001 - $224,000 35.3
$56,001 - $112,000 31.3
$0 - $56,000 22.4

Average for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
80.8924284124846 58.75

Number Of Homes And Apartments:
379

Rent & Ownership

 

Average Market Rent:
$440 / per month

Homeownership Rate

Homeownership
Owners 71.50
Renters 28.50
Vacant 17.61

Housing Market Details

 

Age of Homes

AGE OF Town Creek HOMES
2000 or Newer 0.7
1970 - 1999 46.3
1940 - 1969 47.6
1939 or Older 5.4

Types of Homes

TYPE OF Town Creek HOMES
Single-Family 71.1
Townhomes 0.0
Small Apt. Buildings 10.2
Apt. Complexes 8.7
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Town Creek HOMES
No Bedroom 0.00
1 Bedroom 10.43
2 Bedrooms 26.09
3 Bedrooms 55.22
4 Bedrooms 6.30
5 or more bedrooms 1.96

Town Creek 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
47.50% 2.31% 9 6
* 10 is highest

Popular Neighborhoods in Town Creek

Zip Codes in Town Creek, AL