Trussville appreciation rates and housing market information

Trussville housing market information

With a population of 19,265, 9,936 total housing units (homes and apartments), and a median house value of $241,298, Trussville real estate is some of the most expensive in Alabama, although Trussville home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Trussville, accounting for 86.29% of the town's housing units. Other types of housing that are prevalent in Trussville include mobile homes or trailers (8.74%), large apartment complexes or high rise apartments (3.28%), row houses and other attached homes (1.11%), and a few duplexes, homes converted to apartments, or other small apartment buildings (0.59%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Trussville. Owner-occupied housing accounts for 86.37% of Trussville's homes, and 76.22% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Trussville built from 1970-1994, 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 Trussville built from 1995 and later (23.82%). A lesser amount of the housing stock also hails from 1940-1969 (13.07%), and some were built from 1939 and earlier (13.07%).

Trussville home appreciation rates

Appreciation rates for homes in Trussville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.06%, which ranks in the top 40% nationwide. This equates to an annual average Trussville house appreciation rate of 8.40%.

Appreciation rates are so strong in Trussville that despite a nationwide downturn in the housing market, Trussville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Trussville appreciation rates continue to be some of the highest in America, at 4.20%, which is higher than appreciation rates in 85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Trussville. Trussville appreciation rates in the latest quarter were at 1.78%, which equates to an annual appreciation rate of 7.12%.

Importantly, this makes Trussville 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 Trussville's latest annual appreciation rate is higher than 81% of the other cities and towns in Alabama.