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 13,638, 5,180 total housing units (homes and apartments), and a median house value of $259,272, Pell City real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Pell City, accounting for 73.48% of the city's housing units. Other types of housing that are prevalent in Pell City include large apartment complexes or high rise apartments ( 10.19%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), and a few mobile homes or trailers ( 7.46%).
The most prevalent building size and type in Pell City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.89% owning and 37.11% renting.
There is a lot of housing in Pell City 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 Pell City built between 2000 and later ( 33.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.35%). There's also some housing in Pell City built before 1939 ( 2.47%).
Real estate appreciation rates in Pell City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.06% during the period.
NeighborhoodScout's data show that during the latest twelve months, Pell City's appreciation rate, at 5.94%, has been at or slightly above the national average. In the latest quarter, Pell City's appreciation rate has been 2.58%, which annualizes to a rate of 10.72%.
Relative to Alabama, our data show that Pell City's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Pell City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pell City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Pell City real estate investment or home purchase decisions.
$259,272
for Alabama
for nation
5,180
$1,879 / per month