Valley Grande, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Valley Grande, 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 Q1 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

Valley Grande Housing Market Information

With a population of 3,849, 1,460 total housing units (homes and apartments), and a median house value of $139,003, house prices in Valley Grande are solidly below the national average.

Single-family detached homes are the single most common housing type in Valley Grande, accounting for 79.57% of the city's housing units. Other types of housing that are prevalent in Valley Grande include mobile homes or trailers ( 18.72%), duplexes, homes converted to apartments or other small apartment buildings ( 1.71%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Valley Grande. Owner-occupied housing accounts for 81.64% of Valley Grande's homes, and 83.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Valley Grande 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 Valley Grande built between 1940-1969 ( 25.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.38%).

Vacant housing appears to be an issue in Valley Grande. Fully 10.98% of the housing stock is classified as vacant. Left unchecked, vacant Valley Grande homes and apartments can be a drag on the real estate market, holding Valley Grande 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.

Valley Grande Home Appreciation Rates

Appreciation rates for homes in Valley Grande have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.71%, which ranks in the top 40% nationwide. This equates to an annual average Valley Grande house appreciation rate of 0.65%.

Over the last year, Valley Grande appreciation rates have trailed the rest of the nation. In the last twelve months, Valley Grande's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Valley Grande were at 0.55%, which equates to an annual appreciation rate of 2.22%.

Relative to Alabama, our data show that Valley Grande's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$139,003

Valley Grande, AL HOME PRICES

Value Range
> $1,074,000 1.1
$805,001 - $1,074,000 0.0
$537,001 - $805,000 0.6
$429,001 - $537,000 1.6
$322,001 - $429,000 6.2
$215,001 - $322,000 18.2
$107,001 - $215,000 22.8
$54,001 - $107,000 26.7
$0 - $54,000 22.8

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
55.2443454822454 22.5

Number Of Homes And Apartments:
1,460

Valley Grande Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
30.03% 1.53% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$848 / per month

Homeownership Rate

Homeownership
Owners 81.64
Renters 18.36
Vacant 10.98

Housing Market Details

 

Age of Homes

AGE OF Valley Grande HOMES
2000 or Newer 17.4
1970 - 1999 56.8
1940 - 1969 25.8
1939 or Older 0.0

Types of Homes

TYPE OF Valley Grande HOMES
Single-Family 79.6
Townhomes 0.0
Small Apt. Buildings 1.7
Apt. Complexes 0.0
Mobile Homes 18.7
Other 0.0

Home Size

SIZE OF Valley Grande HOMES
No Bedroom 2.68
1 Bedroom 0.61
2 Bedrooms 8.96
3 Bedrooms 64.15
4 Bedrooms 19.02
5 or more bedrooms 4.57

Popular Neighborhoods in Valley Grande

Popular Communities Near Valley Grande, AL

Zip Codes in Valley Grande, AL