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 38,292 people, 15,195 houses or apartments, and a median cost of homes of $610,022, Vestavia Hills house prices are not only among the most expensive in Alabama, Vestavia Hills real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Vestavia Hills, accounting for 70.82% of the city's housing units. Other types of housing that are prevalent in Vestavia Hills include large apartment complexes or high rise apartments ( 19.17%), duplexes, homes converted to apartments or other small apartment buildings ( 5.77%), and a few row houses and other attached homes ( 3.97%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vestavia Hills. Owner-occupied housing accounts for 76.31% of Vestavia Hills's homes, and 65.30% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Vestavia Hills 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 Vestavia Hills built between 1940-1969 ( 32.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.35%).
Real estate appreciation rates in Vestavia Hills's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.42% during the period.
Appreciation rates are so strong in Vestavia Hills that despite a nationwide downturn in the housing market, Vestavia Hills real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vestavia Hills appreciation rates continue to be some of the highest in America, at 8.04%, which is higher than appreciation rates in 70.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vestavia Hills. Vestavia Hills appreciation rates in the latest quarter were at 2.58%, which equates to an annual appreciation rate of 10.72%.
Relative to Alabama, our data show that Vestavia Hills's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Vestavia Hills differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vestavia Hills - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Vestavia Hills real estate investment or home purchase decisions.
$610,022
for Alabama
for nation
15,195
$2,337 / per month