Winfield, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Winfield Neighborhoods Since 2000




Winfield, 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 Q2 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

Winfield Housing Market Information

With 4,570 people, 1,902 houses or apartments, and a median cost of homes of $130,017, 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 3.41%, which ranks in the top 50% nationwide. This equates to an annual average Winfield house appreciation rate of 0.34%.

Over the last year, Winfield appreciation rates have trailed the rest of the nation. In the last twelve months, Winfield's appreciation rate has been 1.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Winfield were at -0.55%, which equates to an annual appreciation rate of -2.17%.

Notably, Winfield's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Winfield's latest annual appreciation rate is lower than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$130,017

Winfield, AL HOME PRICES

Value Range
> $1,033,000 0.7
$774,001 - $1,033,000 0.0
$517,001 - $774,000 0.6
$413,001 - $517,000 0.6
$310,001 - $413,000 6.2
$206,001 - $310,000 14.1
$103,001 - $206,000 34.7
$52,001 - $103,000 22.8
$0 - $52,000 20.2

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
61.2857895661339 29.75

Number Of Homes And Apartments:
1,902

Winfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
14.76% 0.79% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$723 / 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

Popular Neighborhoods in Winfield

Popular Communities Near Winfield, AL

Zip Codes in Winfield, AL