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 a population of 1,595, 544 total housing units (homes and apartments), and a median house value of $145,772, the cost of homes in Alum Creek is among some of the lowest in the nation. Compared to West Virginia, however, Alum Creek real state is not on the lower end of the price spectrum.
Single-family detached homes are the single most common housing type in Alum Creek, accounting for 85.01% of the town's housing units. Other types of housing that are prevalent in Alum Creek include mobile homes or trailers ( 14.99%).
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 89.89% of Alum Creek's homes, and 67.94% 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 ( 29.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.60%). There's also some housing in Alum Creek built before 1939 ( 8.13%).
Vacant housing appears to be an issue in Alum Creek. Fully 13.24% 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Alum Creek, where house values have increased just 38.45%, which is annualized rate of 3.31%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Alum Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Alum Creek's appreciation rate has been 4.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Alum Creek were at 0.19%, which equates to an annual appreciation rate of 0.76%.
Relative to West Virginia, our data show that Alum Creek's latest annual appreciation rate is lower than 80% of the other cities and towns in West Virginia.
for West virginia
$1,693 / per month