Armistead—38631
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Armistead
Armistead 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 — Armistead
Armistead 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 — Armistead
Armistead lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Armistead
As of the latest ACS Survey released in 2023, Armistead has a population of 1,100, which has decreased by -14.1% over the past 5 years. Armistead is a popular place for families, as children make up 34.1% of the population. The area has a poorly educated workforce, with 7.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,100 | -14.1% |
% Under 18 | 34.1% | -0.6% |
% Seniors | 12.1% | 40.7% |
% WFH | 0.0% | -100.0% |
% w/ College Degree | 7.7% | -21.4% |
Armistead lacks sufficient race and ethnicity data for analysis.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 0.9% | -72.7% |
% Black | 99.1% | 4.5% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | N/A |
Mortgage and Risk — Armistead
According to HUD data as of 2023, there were 16 mortgage originations in Armistead, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 85.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Armistead. 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 | 16 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 0.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Armistead
Armistead lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $830 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,520 |
Affordability — Armistead
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | $26,900 |