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 195 people, 42 houses or apartments, and a median cost of homes of $207,588, house prices in Chunchula are solidly below the national average.
Single-family detached homes are the single most common housing type in Chunchula, accounting for 100.00% of the town's housing units.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chunchula. Owner-occupied housing accounts for 100.00% of Chunchula's homes, and 100.00% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Chunchula 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 Chunchula built between 1940-1969 ( 38.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.05%).
Real estate appreciation rates in Chunchula's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.63% during the period.
Appreciation rates are so strong in Chunchula that despite a nationwide downturn in the housing market, Chunchula real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chunchula appreciation rates continue to be some of the highest in America, at 9.24%, which is higher than appreciation rates in 92.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chunchula. Chunchula appreciation rates in the latest quarter were at 6.07%, which equates to an annual appreciation rate of 26.58%.
Importantly, this makes Chunchula one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Alabama, our data show that Chunchula's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.
$207,588
for Alabama
for nation
42
$1,140 / per month