West Blocton, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Blocton, 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

West Blocton Housing Market Information

With a population of 1,261, 427 total housing units (homes and apartments), and a median house value of $115,375, house prices in West Blocton are solidly below the national average.

Single-family detached homes are the single most common housing type in West Blocton, accounting for 64.75% of the town's housing units. Other types of housing that are prevalent in West Blocton include mobile homes or trailers ( 27.64%), large apartment complexes or high rise apartments ( 3.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in West Blocton. Owner-occupied housing accounts for 75.41% of West Blocton's homes, and 59.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in West Blocton 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 West Blocton built between 1940-1969 ( 20.22%). A lesser amount of the housing stock also hails from before 1939 ( 17.81%). There's also some housing in West Blocton built between 2000 and later ( 12.62%).

Vacant housing appears to be an issue in West Blocton. Fully 20.78% of the housing stock is classified as vacant. Left unchecked, vacant West Blocton homes and apartments can be a drag on the real estate market, holding West Blocton 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.

West Blocton Home Appreciation Rates

Appreciation rates for homes in West Blocton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.17%, which ranks in the top 40% nationwide. This equates to an annual average West Blocton house appreciation rate of 0.79%.

NeighborhoodScout's data show that during the latest twelve months, West Blocton's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, West Blocton's appreciation rate has been 0.16%, which annualizes to a rate of 0.62%.

Relative to Alabama, our data show that West Blocton's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$115,375

West Blocton, AL HOME PRICES

Value Range
> $1,106,000 0.2
$830,001 - $1,106,000 0.0
$553,001 - $830,000 0.0
$442,001 - $553,000 0.7
$332,001 - $442,000 1.4
$221,001 - $332,000 9.2
$110,001 - $221,000 42.5
$55,001 - $110,000 29.4
$0 - $55,000 16.7

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
68.0534395874839 40.25

Number Of Homes And Apartments:
427

West Blocton 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
45.67% 2.20% 9 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,058 / per month

Homeownership Rate

Homeownership
Owners 75.41
Renters 24.59
Vacant 20.78

Housing Market Details

 

Age of Homes

AGE OF West Blocton HOMES
2000 or Newer 12.6
1970 - 1999 49.4
1940 - 1969 20.2
1939 or Older 17.8

Types of Homes

TYPE OF West Blocton HOMES
Single-Family 64.7
Townhomes 1.1
Small Apt. Buildings 2.6
Apt. Complexes 3.9
Mobile Homes 27.6
Other 0.0

Home Size

SIZE OF West Blocton HOMES
No Bedroom 0.00
1 Bedroom 7.79
2 Bedrooms 32.28
3 Bedrooms 46.38
4 Bedrooms 12.62
5 or more bedrooms 0.93

Popular Neighborhoods in West Blocton

Zip Codes in West Blocton, AL