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 10,215, 3,286 total housing units (homes and apartments), and a median house value of $252,697, house prices in Vinemont are solidly below the national average.
Single-family detached homes are the single most common housing type in Vinemont, accounting for 79.24% of the town's housing units. Other types of housing that are prevalent in Vinemont include mobile homes or trailers ( 17.91%), large apartment complexes or high rise apartments ( 1.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.11%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vinemont. Owner-occupied housing accounts for 82.77% of Vinemont's homes, and 73.26% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Vinemont 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 Vinemont built between 2000 and later ( 18.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.50%). There's also some housing in Vinemont built before 1939 ( 7.18%).
Vacant housing appears to be an issue in Vinemont. Fully 13.04% of the housing stock is classified as vacant. Left unchecked, vacant Vinemont homes and apartments can be a drag on the real estate market, holding Vinemont 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 Vinemont's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.00% during the period.
Over the last year, Vinemont appreciation rates have trailed the rest of the nation. In the last twelve months, Vinemont's appreciation rate has been 1.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vinemont were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Vinemont's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Vinemont's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.
$252,697
for Alabama
for nation
3,286
$1,417 / per month