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 3,849, 1,460 total housing units (homes and apartments), and a median house value of $142,204, 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.
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 6.16%, which ranks in the top 50% nationwide. This equates to an annual average Valley Grande house appreciation rate of 0.60%.
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 2.29%, 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 2.19%, which equates to an annual appreciation rate of 9.03%.
Importantly, this makes Valley Grande one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
|$824,001 - $1,099,000||0.0|
|$549,001 - $824,000||0.6|
|$439,001 - $549,000||1.6|
|$330,001 - $439,000||6.2|
|$220,001 - $330,000||18.2|
|$110,001 - $220,000||22.8|
|$55,001 - $110,000||26.7|
|$0 - $55,000||22.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Valley Grande HOMES|
|2000 or Newer||17.4|
|1970 - 1999||56.8|
|1940 - 1969||25.8|
|1939 or Older||0.0|
|TYPE OF Valley Grande HOMES|
|Small Apt. Buildings||1.7|
|SIZE OF Valley Grande HOMES|
|5 or more bedrooms||4.57|