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 4,348 people, 1,429 houses or apartments, and a median cost of homes of $177,992, house prices in Haleyville are solidly below the national average.
Single-family detached homes are the single most common housing type in Haleyville, accounting for 70.88% of the city's housing units. Other types of housing that are prevalent in Haleyville include duplexes, homes converted to apartments or other small apartment buildings ( 12.59%), mobile homes or trailers ( 8.53%), and a few large apartment complexes or high rise apartments ( 8.00%).
The most prevalent building size and type in Haleyville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.97% owning and 47.03% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Haleyville's housing was primarily built during this period, from the '40s through the '60s. A full 43.95% of the city's housing hails from this era. Other housing ages represented in Haleyville include homes built between 1970-1999 ( 40.53%) and housing constructed between 2000 and later ( 14.08%). There's also some housing in Haleyville built before 1939 ( 1.44%).
Vacant housing appears to be an issue in Haleyville. Fully 23.79% of the housing stock is classified as vacant. Left unchecked, vacant Haleyville homes and apartments can be a drag on the real estate market, holding Haleyville 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.
Haleyville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Haleyville during the period has been just 5.43%, which is lower than 70% of US communities.
Over the last year, Haleyville appreciation rates have trailed the rest of the nation. In the last twelve months, Haleyville's appreciation rate has been 2.85%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Haleyville were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Haleyville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Haleyville's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.
$177,992
for Alabama
for nation
1,429
$1,529 / per month