WETUMPKA HOUSING MARKET INFORMATION With a population of 7,218, 2,532 total housing units (homes and apartments), and a median house value of $218,966, house prices in Wetumpka are solidly below the national average. Single-family detached homes are the single most common housing type in Wetumpka, accounting for 68.87% of the city's housing units. Other types of housing that are prevalent in Wetumpka include large apartment complexes or high rise apartments ( 14.09%), duplexes, homes converted to apartments or other small apartment buildings ( 9.31%), and a few mobile homes or trailers ( 6.23%). The most prevalent building size and type in Wetumpka are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.35% owning and 46.65% renting. Wetumpka homes and real estate are some of the newest in America. 40.55% of Wetumpka's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Wetumpka real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.95%), and between 1940-1969 ( 27.35%). There's also some housing in Wetumpka built before 1939 ( 2.15%). Vacant housing appears to be an issue in Wetumpka. Fully 12.33% of the housing stock is classified as vacant. Left unchecked, vacant Wetumpka homes and apartments can be a drag on the real estate market, holding Wetumpka 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. WETUMPKA HOME APPRECIATION RATES Wetumpka's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wetumpka during the period has been just 4.91%, which is lower than 80% of US communities. Over the last year, Wetumpka appreciation rates have trailed the rest of the nation. In the last twelve months, Wetumpka's appreciation rate has been 6.14%, which is lower than appreciation rates in most communities in America. In the latest quarter, 蘑菇视频's data show that house appreciation rates in Wetumpka were at 3.17%, which equates to an annual appreciation rate of 13.28%. Importantly, this makes Wetumpka one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength. Relative to Alabama, our data show that Wetumpka's latest annual appreciation rate is higher than 90% 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 Wetumpka differ in their investment potential, sometimes by a great deal. Fortunately, you can use 蘑菇视频 to pinpoint the exact neighborhoods in Wetumpka - 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 Wetumpka real estate investment or home purchase decisions.