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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,595 people, 535 houses or apartments, and a median cost of homes of $191,326, house prices in Alum Creek are solidly below the national average.
Single-family detached homes are the single most common housing type in Alum Creek, accounting for 86.19% of the town's housing units. Other types of housing that are prevalent in Alum Creek include mobile homes or trailers ( 10.77%), duplexes, homes converted to apartments or other small apartment buildings ( 3.03%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Alum Creek. Owner-occupied housing accounts for 84.67% of Alum Creek's homes, and 80.27% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Alum Creek 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 Alum Creek built between 1940-1969 ( 35.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.02%). There's also some housing in Alum Creek built before 1939 ( 9.56%).
Vacant housing appears to be an issue in Alum Creek. Fully 18.82% of the housing stock is classified as vacant. Left unchecked, vacant Alum Creek homes and apartments can be a drag on the real estate market, holding Alum Creek 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.
Alum Creek's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Alum Creek during the period has been just 4.88%, which is lower than 80% of US communities.
Appreciation rates are so strong in Alum Creek that despite a nationwide downturn in the housing market, Alum Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Alum Creek appreciation rates continue to be some of the highest in America, at 9.37%, which is higher than appreciation rates in 73.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Alum Creek. Alum Creek appreciation rates in the latest quarter were at -1.66%, which equates to an annual appreciation rate of -6.46%.
Notably, Alum Creek's appreciation rate in the latest quarter is one of the lowest in America.
Relative to West Virginia, our data show that Alum Creek's latest annual appreciation rate is lower than 60% of the other cities and towns in West Virginia.
$191,326
for West virginia
for nation
535
$1,128 / per month