Vinemont, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vinemont, 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

Vinemont Housing Market Information

With a population of 13,482, 1,711 total housing units (homes and apartments), and a median house value of $121,849, house prices in Vinemont are solidly below the national average.

Single-family detached homes are the single most common housing type in Vinemont, accounting for 70.78% of the town's housing units. Other types of housing that are prevalent in Vinemont include mobile homes or trailers ( 24.97%), large apartment complexes or high rise apartments ( 1.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vinemont. Owner-occupied housing accounts for 80.65% of Vinemont's homes, and 65.59% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Vinemont 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 Vinemont built between 1940-1969 ( 19.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.89%). There's also some housing in Vinemont built before 1939 ( 4.82%).

Vacant housing appears to be an issue in Vinemont. Fully 13.86% of the housing stock is classified as vacant. Left unchecked, vacant Vinemont homes and apartments can be a drag on the real estate market, holding Vinemont 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.

Vinemont Home Appreciation Rates

Real estate appreciation rates in Vinemont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.00% during the period.

Over the last year, Vinemont appreciation rates have trailed the rest of the nation. In the last twelve months, Vinemont's appreciation rate has been 1.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vinemont were at 0.55%, which equates to an annual appreciation rate of 2.22%.

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

Average Home Values

 

Median Home Value:
$121,849

Vinemont, AL HOME PRICES

Value Range
> $1,057,000 0.0
$793,001 - $1,057,000 0.4
$529,001 - $793,000 3.2
$423,001 - $529,000 2.1
$317,001 - $423,000 8.0
$211,001 - $317,000 12.2
$106,001 - $211,000 31.4
$53,001 - $106,000 22.5
$0 - $53,000 20.1

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
64.4029063635298 35.25

Number Of Homes And Apartments:
1,711

Vinemont 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
19.36% 1.03% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$905 / per month

Homeownership Rate

Homeownership
Owners 80.65
Renters 19.35
Vacant 13.86

Housing Market Details

 

Age of Homes

AGE OF Vinemont HOMES
2000 or Newer 15.9
1970 - 1999 59.7
1940 - 1969 19.5
1939 or Older 4.8

Types of Homes

TYPE OF Vinemont HOMES
Single-Family 70.8
Townhomes 1.1
Small Apt. Buildings 1.3
Apt. Complexes 1.8
Mobile Homes 25.0
Other 0.0

Home Size

SIZE OF Vinemont HOMES
No Bedroom 1.30
1 Bedroom 3.28
2 Bedrooms 25.71
3 Bedrooms 51.74
4 Bedrooms 13.85
5 or more bedrooms 4.11