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 5,676, 2,182 total housing units (homes and apartments), and a median house value of $207,437, house prices in Rainsville are solidly below the national average.
Single-family detached homes are the single most common housing type in Rainsville, accounting for 78.71% of the city's housing units. Other types of housing that are prevalent in Rainsville include duplexes, homes converted to apartments or other small apartment buildings ( 8.27%), mobile homes or trailers ( 6.09%), and a few row houses and other attached homes ( 4.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rainsville. Owner-occupied housing accounts for 81.48% of Rainsville's homes, and 73.58% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Rainsville 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 Rainsville built between 2000 and later ( 37.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.01%).
Rainsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rainsville during the period has been just 5.03%, which is lower than 80% of US communities.
Over the last year, Rainsville appreciation rates have trailed the rest of the nation. In the last twelve months, Rainsville's appreciation rate has been 2.25%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rainsville were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Rainsville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Rainsville's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.
$207,437
for Alabama
for nation
2,182
$1,113 / per month