Attalla, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Attalla, AL Real Estate Data


Attalla Housing Market Information

With 5,899 people, 2,313 houses or apartments, and a median cost of homes of $76,739, 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.

Attalla Home Appreciation Rates

Appreciation rates for homes in Attalla have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.77%, which ranks in the top 50% nationwide. This equates to an annual average Attalla house appreciation rate of 0.08%.

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 21.11%, which is higher than appreciation rates in 99.64% 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 5.20%, which equates to an annual appreciation rate of 22.47%.

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.

Average Home Values

 

Median Home Value:
$76,739

Attalla, AL HOME PRICES

Value Range
> $1,140,000 0.0
$855,001 - $1,140,000 0.0
$570,001 - $855,000 0.0
$456,001 - $570,000 0.1
$342,001 - $456,000 1.1
$228,001 - $342,000 2.9
$114,001 - $228,000 25.0
$57,001 - $114,000 37.9
$0 - $57,000 33.1

Very Low for AL
Very Low for Nation

Value Relative to Nation Value Relative to State
92.2653228641744 82.25

Number Of Homes And Apartments:
2,313

Rent & Ownership

 

Average Market Rent:
$840 / per month

Homeownership Rate

Homeownership
Owners 60.65
Renters 39.35
Vacant 24.71

Housing Market Details

 

Age of Homes

AGE OF Attalla HOMES
2000 or Newer 6.3
1970 - 1999 31.1
1940 - 1969 46.6
1939 or Older 16.0

Types of Homes

TYPE OF Attalla HOMES
Single-Family 76.2
Townhomes 0.3
Small Apt. Buildings 8.9
Apt. Complexes 4.9
Mobile Homes 8.3
Other 1.5

Home Size

SIZE OF Attalla HOMES
No Bedroom 1.46
1 Bedroom 2.80
2 Bedrooms 38.28
3 Bedrooms 46.97
4 Bedrooms 10.12
5 or more bedrooms 0.36

Attalla Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
30.80% 1.57% 6 3
* 10 is highest

Popular Neighborhoods in Attalla

Zip Codes in Attalla, AL