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 13,924, 5,196 total housing units (homes and apartments), and a median house value of $308,030, Pell City real estate is some of the most expensive in Alabama, although Pell City home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Pell City, accounting for 73.96% of the city's housing units. Other types of housing that are prevalent in Pell City include mobile homes or trailers ( 10.19%), large apartment complexes or high rise apartments ( 8.28%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.87%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pell City. Owner-occupied housing accounts for 65.56% of Pell City's homes, and 65.60% have either three or four bedrooms, which is average sized relative to America.
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 ( 36.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.10%). There's also some housing in Pell City built before 1939 ( 2.96%).
Vacant housing appears to be an issue in Pell City. Fully 11.15% of the housing stock is classified as vacant. Left unchecked, vacant Pell City homes and apartments can be a drag on the real estate market, holding Pell City 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 Pell City's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.23% during the period.
Over the last year, Pell City appreciation rates have trailed the rest of the nation. In the last twelve months, Pell City's appreciation rate has been 6.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pell City were at 0.73%, which equates to an annual appreciation rate of 2.96%.
Relative to Alabama, our data show that Pell City's latest annual appreciation rate is lower than 60% 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.
$308,030
for Alabama
for nation
5,196
$1,766 / per month