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
With a population of 5,899, 2,313 total housing units (homes and apartments), and a median house value of $75,869, house prices in Attalla are some of the most affordable in Alabama as well as the nation.
Single-family detached homes are the single most common housing type in Attalla, accounting for 76.20% of the city's housing units. Other types of housing that are prevalent in Attalla include duplexes, homes converted to apartments or other small apartment buildings ( 8.89%), mobile homes or trailers ( 8.27%), and a few large apartment complexes or high rise apartments ( 4.88%).
The most prevalent building size and type in Attalla are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.65% owning and 39.35% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Attalla's housing was primarily built during this period, from the '40s through the '60s. A full 46.65% of the city's housing hails from this era. Other housing ages represented in Attalla include homes built between 1970-1999 ( 31.05%) and housing constructed before 1939 ( 16.02%). There's also some housing in Attalla built between 2000 and later ( 6.28%).
Vacant housing appears to be an issue in Attalla. Fully 24.71% of the housing stock is classified as vacant. Left unchecked, vacant Attalla homes and apartments can be a drag on the real estate market, holding Attalla 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.
Real estate appreciation rates in Attalla's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.13% during the period.
Appreciation rates are so strong in Attalla that despite a nationwide downturn in the housing market, Attalla real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Attalla appreciation rates continue to be some of the highest in America, at 8.72%, which is higher than appreciation rates in 86.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Attalla. Attalla appreciation rates in the latest quarter were at 5.78%, which equates to an annual appreciation rate of 25.19%.
Importantly, this makes Attalla 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 Attalla's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.
|$845,001 - $1,127,000||0.0|
|$564,001 - $845,000||0.0|
|$451,001 - $564,000||0.1|
|$338,001 - $451,000||1.1|
|$225,001 - $338,000||2.9|
|$113,001 - $225,000||25.0|
|$56,001 - $113,000||37.9|
|$0 - $56,000||33.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Attalla HOMES|
|2000 or Newer||6.3|
|1970 - 1999||31.1|
|1940 - 1969||46.6|
|1939 or Older||16.0|
|TYPE OF Attalla HOMES|
|Small Apt. Buildings||8.9|
|SIZE OF Attalla HOMES|
|5 or more bedrooms||0.36|