Hartselle, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hartselle, AL Real Estate Data


Hartselle Housing Market Information

With a population of 14,493, 5,376 total housing units (homes and apartments), and a median house value of $153,121, Hartselle real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hartselle, accounting for 78.31% of the city's housing units. Other types of housing that are prevalent in Hartselle include large apartment complexes or high rise apartments ( 10.79%), duplexes, homes converted to apartments or other small apartment buildings ( 5.27%), and a few row houses and other attached homes ( 4.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hartselle. Owner-occupied housing accounts for 70.62% of Hartselle's homes, and 67.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hartselle built from 1970 to 1999 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 Hartselle built between 1940-1969 ( 29.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.09%). There's also some housing in Hartselle built before 1939 ( 5.76%).

Hartselle Home Appreciation Rates

Real estate appreciation rates in Hartselle's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.01% during the period.

Over the last year, Hartselle appreciation rates have trailed the rest of the nation. In the last twelve months, Hartselle's appreciation rate has been -0.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hartselle were at -0.58%, which equates to an annual appreciation rate of -2.31%.

Notably, Hartselle's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Alabama, our data show that Hartselle's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hartselle differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hartselle - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hartselle real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$153,121

Hartselle, AL HOME PRICES

Value Range
> $987,000 0.2
$740,001 - $987,000 0.1
$493,001 - $740,000 0.4
$395,001 - $493,000 2.7
$296,001 - $395,000 3.5
$197,001 - $296,000 14.9
$98,001 - $197,000 44.3
$49,001 - $98,000 26.9
$0 - $49,000 6.8

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
48.371030118364 15.5

Number Of Homes And Apartments:
5,376

Rent & Ownership

 

Average Market Rent:
$744 / per month

Homeownership Rate

Homeownership
Owners 70.62
Renters 29.38
Vacant 9.77

Housing Market Details

 

Age of Homes

AGE OF Hartselle HOMES
2000 or Newer 17.1
1970 - 1999 47.2
1940 - 1969 30.0
1939 or Older 5.8

Types of Homes

TYPE OF Hartselle HOMES
Single-Family 78.3
Townhomes 4.6
Small Apt. Buildings 5.3
Apt. Complexes 10.8
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Hartselle HOMES
No Bedroom 1.41
1 Bedroom 4.10
2 Bedrooms 24.92
3 Bedrooms 51.43
4 Bedrooms 16.50
5 or more bedrooms 1.64

Hartselle 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
15.25% 0.83% 2 2
* 10 is highest