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 1,052, 471 total housing units (homes and apartments), and a median house value of $163,807, house prices in Town Creek are solidly below the national average.
Single-family detached homes are the single most common housing type in Town Creek, accounting for 74.08% of the town's housing units. Other types of housing that are prevalent in Town Creek include mobile homes or trailers ( 9.46%), large apartment complexes or high rise apartments ( 9.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.30%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Town Creek. Owner-occupied housing accounts for 65.18% of Town Creek's homes, and 72.50% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Town 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 Town Creek built between 1940-1969 ( 32.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.31%). There's also some housing in Town Creek built before 1939 ( 5.60%).
Vacant housing appears to be an issue in Town Creek. Fully 17.51% of the housing stock is classified as vacant. Left unchecked, vacant Town Creek homes and apartments can be a drag on the real estate market, holding Town 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.
Real estate appreciation rates in Town Creek's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.78% during the period.
Appreciation rates are so strong in Town Creek that despite a nationwide downturn in the housing market, Town Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Town Creek appreciation rates continue to be some of the highest in America, at 8.95%, which is higher than appreciation rates in 80.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Town Creek. Town Creek appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.48%.
Relative to Alabama, our data show that Town Creek's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
$163,807
for Alabama
for nation
471
$1,133 / per month