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 331 people, 171 houses or apartments, and a median cost of homes of $402,961, Arley real estate is some of the most expensive in Alabama, although Arley home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Arley, accounting for 54.59% of the town's housing units. Other types of housing that are prevalent in Arley include mobile homes or trailers ( 25.51%), duplexes, homes converted to apartments or other small apartment buildings ( 10.71%), and a few large apartment complexes or high rise apartments ( 7.65%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Arley. Owner-occupied housing accounts for 67.84% of Arley's homes, and 61.73% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Arley 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 Arley built between 1940-1969 ( 27.55%). A lesser amount of the housing stock also hails from between 2000 and later ( 25.00%). There's also some housing in Arley built before 1939 ( 3.06%).
Vacant housing appears to be an issue in Arley. Fully 12.76% of the housing stock is classified as vacant. Left unchecked, vacant Arley homes and apartments can be a drag on the real estate market, holding Arley 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.
Appreciation rates for homes in Arley have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.73%, which ranks in the top 40% nationwide. This equates to an annual average Arley house appreciation rate of 7.38%.
Over the last year, Arley appreciation rates have trailed the rest of the nation. In the last twelve months, Arley's appreciation rate has been 2.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arley were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Arley's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Arley's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.
$402,961
for Alabama
for nation
171
$1,538 / per month