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 5,017 people, 1,929 houses or apartments, and a median cost of homes of $228,639, house prices in Adger are solidly below the national average.
Single-family detached homes are the single most common housing type in Adger, accounting for 71.75% of the town's housing units. Other types of housing that are prevalent in Adger include mobile homes or trailers ( 27.38%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Adger. Owner-occupied housing accounts for 86.73% of Adger's homes, and 77.10% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Adger 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 Adger built between 1940-1969 ( 21.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.03%). There's also some housing in Adger built before 1939 ( 2.61%).
Vacant housing appears to be an issue in Adger. Fully 19.62% of the housing stock is classified as vacant. Left unchecked, vacant Adger homes and apartments can be a drag on the real estate market, holding Adger 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.
Adger's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Adger during the period has been just 5.68%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Adger's appreciation rate, at 6.07%, has been at or slightly above the national average. In the latest quarter, Adger's appreciation rate has been 2.58%, which annualizes to a rate of 10.72%.
Relative to Alabama, our data show that Adger's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.
$228,639
for Alabama
for nation
1,929
$3,096 / per month