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 about Scout's Real Estate Data
With a population of 10,323, 3,977 total housing units (homes and apartments), and a median house value of $209,740, house prices in Valley are solidly below the national average.
Single-family detached homes are the single most common housing type in Valley, accounting for 66.07% of the city's housing units. Other types of housing that are prevalent in Valley include large apartment complexes or high rise apartments ( 26.13%), mobile homes or trailers ( 5.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.46%).
People in Valley primarily live in small (one, two or no bedroom) single-family detached homes. Valley has a mixture of owner-occupied and renter-occupied housing.
Valley homes and real estate are some of the newest in America. 30.83% of Valley's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Valley real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 27.98%), and between 1970-1999 ( 24.88%). There's also some housing in Valley built before 1939 ( 16.32%).
Vacant housing appears to be an issue in Valley. Fully 18.37% of the housing stock is classified as vacant. Left unchecked, vacant Valley homes and apartments can be a drag on the real estate market, holding Valley 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.
Real estate appreciation rates in Valley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.74% during the period.
NeighborhoodScout's data show that during the latest twelve months, Valley's appreciation rate, at 6.13%, has been at or slightly above the national average. In the latest quarter, Valley's appreciation rate has been 1.28%, which annualizes to a rate of 5.24%.
Relative to Alabama, our data show that Valley's latest annual appreciation rate is lower than 50% of the other cities and towns in Alabama.
$209,740
for Alabama
for nation
3,977
$1,529 / per month