Wedowee, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wedowee Neighborhoods Since 2000




Wedowee, AL Real Estate Data


Wedowee Housing Market Information

With 809 people, 402 houses or apartments, and a median cost of homes of $104,801, house prices in Wedowee are solidly below the national average.

Single-family detached homes are the single most common housing type in Wedowee, accounting for 59.30% of the town's housing units. Other types of housing that are prevalent in Wedowee include mobile homes or trailers ( 17.29%), large apartment complexes or high rise apartments ( 13.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.28%).

The most prevalent building size and type in Wedowee are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.02% owning and 45.98% renting.

There is a lot of housing in Wedowee 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 Wedowee built between 1940-1969 ( 28.88%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.44%). There's also some housing in Wedowee built before 1939 ( 11.60%).

Vacant housing appears to be an issue in Wedowee. Fully 12.04% of the housing stock is classified as vacant. Left unchecked, vacant Wedowee homes and apartments can be a drag on the real estate market, holding Wedowee 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.

Wedowee Home Appreciation Rates

Wedowee's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wedowee during the period has been just -1.44%, which is lower than 80% of US communities.

Over the last year, Wedowee appreciation rates have trailed the rest of the nation. In the last twelve months, Wedowee's appreciation rate has been 2.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wedowee were at 1.31%, which equates to an annual appreciation rate of 5.35%.

Relative to Alabama, our data show that Wedowee's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$104,801

Wedowee, AL HOME PRICES

Value Range
> $1,054,000 2.6
$790,001 - $1,054,000 0.5
$527,001 - $790,000 2.4
$422,001 - $527,000 0.9
$316,001 - $422,000 6.3
$211,001 - $316,000 15.4
$105,001 - $211,000 17.8
$53,001 - $105,000 29.2
$0 - $53,000 24.9

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
75.7920009369327 52.5

Number Of Homes And Apartments:
402

Rent & Ownership

 

Average Market Rent:
$930 / per month

Homeownership Rate

Homeownership
Owners 54.02
Renters 45.98
Vacant 12.04

Housing Market Details

 

Age of Homes

AGE OF Wedowee HOMES
2000 or Newer 14.4
1970 - 1999 45.1
1940 - 1969 28.9
1939 or Older 11.6

Types of Homes

TYPE OF Wedowee HOMES
Single-Family 59.3
Townhomes 0.0
Small Apt. Buildings 10.3
Apt. Complexes 13.1
Mobile Homes 17.3
Other 0.0

Home Size

SIZE OF Wedowee HOMES
No Bedroom 12.25
1 Bedroom 5.03
2 Bedrooms 24.73
3 Bedrooms 42.23
4 Bedrooms 15.32
5 or more bedrooms 0.44

Wedowee 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
33.15% 1.70% 6 4
* 10 is highest

Popular Neighborhoods in Wedowee

Popular Communities Near Wedowee, AL

Zip Codes in Wedowee, AL