Winfield, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winfield, AL Real Estate Data


Winfield Housing Market Information

With a population of 4,570, 1,902 total housing units (homes and apartments), and a median house value of $130,215, house prices in Winfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Winfield, accounting for 79.80% of the city's housing units. Other types of housing that are prevalent in Winfield include mobile homes or trailers ( 6.98%), large apartment complexes or high rise apartments ( 6.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.55%).

The most prevalent building size and type in Winfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.16% owning and 36.84% renting.

There is a lot of housing in Winfield 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 Winfield built between 1940-1969 ( 29.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.38%). There's also some housing in Winfield built before 1939 ( 6.94%).

Vacant housing appears to be an issue in Winfield. Fully 17.56% of the housing stock is classified as vacant. Left unchecked, vacant Winfield homes and apartments can be a drag on the real estate market, holding Winfield 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.

Winfield Home Appreciation Rates

Appreciation rates for homes in Winfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.74%, which ranks in the top 40% nationwide. This equates to an annual average Winfield house appreciation rate of 0.75%.

NeighborhoodScout's data show that during the latest twelve months, Winfield's appreciation rate, at 3.88%, has been at or slightly above the national average. In the latest quarter, Winfield's appreciation rate has been 0.25%, which annualizes to a rate of 1.00%.

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

Average Home Values

 

Median Home Value:
$130,215

Winfield, AL HOME PRICES

Value Range
> $1,034,000 0.7
$776,001 - $1,034,000 0.0
$517,001 - $776,000 0.6
$414,001 - $517,000 0.6
$310,001 - $414,000 6.2
$207,001 - $310,000 14.1
$103,001 - $207,000 34.7
$52,001 - $103,000 22.8
$0 - $52,000 20.2

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
59.5042775108403 27.5

Number Of Homes And Apartments:
1,902

Rent & Ownership

 

Average Market Rent:
$703 / per month

Homeownership Rate

Homeownership
Owners 63.16
Renters 36.84
Vacant 17.56

Housing Market Details

 

Age of Homes

AGE OF Winfield HOMES
2000 or Newer 17.4
1970 - 1999 46.5
1940 - 1969 29.2
1939 or Older 6.9

Types of Homes

TYPE OF Winfield HOMES
Single-Family 79.8
Townhomes 0.7
Small Apt. Buildings 5.5
Apt. Complexes 6.9
Mobile Homes 7.0
Other 0.0

Home Size

SIZE OF Winfield HOMES
No Bedroom 2.56
1 Bedroom 2.47
2 Bedrooms 22.67
3 Bedrooms 57.30
4 Bedrooms 13.26
5 or more bedrooms 1.73

Winfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
15.02% 0.81% 2 2
* 10 is highest

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Zip Codes in Winfield, AL