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 5,044, 1,871 total housing units (homes and apartments), and a median house value of $343,265, Springville real estate is some of the most expensive in Alabama, although Springville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Springville, accounting for 88.47% of the city's housing units. Other types of housing that are prevalent in Springville include mobile homes or trailers ( 10.18%), duplexes, homes converted to apartments or other small apartment buildings ( 1.35%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Springville. Owner-occupied housing accounts for 88.08% of Springville's homes, and 77.38% have either three or four bedrooms, which is average sized relative to America.
Springville homes and real estate are some of the newest in America. 44.99% of Springville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Springville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.88%), and between 1940-1969 ( 13.14%).
Real estate appreciation rates in Springville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.95% during the period.
Over the last year, Springville appreciation rates have trailed the rest of the nation. In the last twelve months, Springville's appreciation rate has been 4.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Springville were at 2.58%, which equates to an annual appreciation rate of 10.72%.
Relative to Alabama, our data show that Springville's latest annual appreciation rate is higher than 50% of the other cities and towns in Alabama.
$343,265
for Alabama
for nation
1,871
$1,887 / per month