Winfield, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Winfield, AL Real Estate Data


Winfield Housing Market Information

With 4,570 people, 1,943 houses or apartments, and a median cost of homes of $134,804, 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 80.27% of the city's housing units. Other types of housing that are prevalent in Winfield include mobile homes or trailers ( 7.87%), duplexes, homes converted to apartments or other small apartment buildings ( 6.52%), and a few large apartment complexes or high rise apartments ( 4.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Winfield. Owner-occupied housing accounts for 65.34% of Winfield's homes, and 71.74% have either three or four bedrooms, which is average sized relative to America.

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 ( 28.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.27%). There's also some housing in Winfield built before 1939 ( 6.78%).

Vacant housing appears to be an issue in Winfield. Fully 15.00% 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 15.78%, which ranks in the top 30% nationwide. This equates to an annual average Winfield house appreciation rate of 1.48%.

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 3.78%, 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 1.31%, which equates to an annual appreciation rate of 5.35%.

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:
$134,804

Winfield, AL HOME PRICES

Value Range
> $1,073,000 0.1
$805,001 - $1,073,000 0.0
$537,001 - $805,000 0.6
$430,001 - $537,000 0.7
$322,001 - $430,000 6.5
$214,001 - $322,000 16.1
$107,001 - $214,000 29.9
$54,001 - $107,000 28.3
$0 - $54,000 17.7

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
58.2889266264566 25.0

Number Of Homes And Apartments:
1,943

Rent & Ownership

 

Average Market Rent:
$752 / per month

Homeownership Rate

Homeownership
Owners 65.34
Renters 34.66
Vacant 15.00

Housing Market Details

 

Age of Homes

AGE OF Winfield HOMES
2000 or Newer 15.3
1970 - 1999 49.9
1940 - 1969 28.0
1939 or Older 6.8

Types of Homes

TYPE OF Winfield HOMES
Single-Family 80.3
Townhomes 0.6
Small Apt. Buildings 6.5
Apt. Complexes 4.7
Mobile Homes 7.9
Other 0.0

Home Size

SIZE OF Winfield HOMES
No Bedroom 2.27
1 Bedroom 2.32
2 Bedrooms 22.62
3 Bedrooms 58.22
4 Bedrooms 13.52
5 or more bedrooms 1.05

Winfield 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
20.48% 1.10% 3 2
* 10 is highest

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Zip Codes in Winfield, AL