Reid Settlement, AL—36553
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Reid Settlement, AL
Reid Settlement, AL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Reid Settlement, AL
Reid Settlement, AL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Reid Settlement, AL
Reid Settlement, AL lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $144,000 | -51.0% |
Listing Count | 2 | 100.0% |
| Listings as % of Homes | N/A | 100.0% |
Days on Market | 58 | N/A |
Demographics — Reid Settlement, AL
As of the latest ACS Survey released in 2023, Reid Settlement, AL has a population of 3,170, which has decreased by -2.2% over the past 5 years. Reid Settlement, AL is a moderately popular place for families, as children make up 18.8% of the population. The area has a poorly educated workforce, with 12.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,170 | -2.2% |
% Under 18 | 18.8% | -11.3% |
% Seniors | 14.5% | 11.5% |
% WFH | 5.7% | -32.1% |
% w/ College Degree | 12.3% | 98.4% |
As of the latest ACS Survey released in 2023, Reid Settlement, AL is a predominantly black area, with 39.6% of the population identifying as black. The black population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in Reid Settlement, AL is white, making up 25.6% of the population. Foreign-born residents account for 2.8% of the population in Reid Settlement, AL, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 25.6% | 10.8% |
% Black | 39.6% | -11.4% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.1% | ∞% |
% Foreign Born | 2.8% | ∞% |
Mortgage and Risk — Reid Settlement, AL
According to HUD data as of 2023, there were 24 mortgage originations in Reid Settlement, AL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Reid Settlement, AL. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Reid Settlement, AL
Reid Settlement, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $730 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,180 |
Affordability — Reid Settlement, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $80,500 |