Hartselle, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hartselle Neighborhoods Since 2000




Hartselle, AL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hartselle Housing Market Information

With a population of 14,493, 5,376 total housing units (homes and apartments), and a median house value of $164,523, Hartselle real estate is some of the most expensive in Alabama, although Hartselle home values aren't among America's most expensive.

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

Appreciation rates for homes in Hartselle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.81%, which ranks in the top 50% nationwide. This equates to an annual average Hartselle house appreciation rate of 0.47%.

Appreciation rates are so strong in Hartselle that despite a nationwide downturn in the housing market, Hartselle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hartselle appreciation rates continue to be some of the highest in America, at 7.73%, which is higher than appreciation rates in 80.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hartselle. Hartselle appreciation rates in the latest quarter were at 4.54%, which equates to an annual appreciation rate of 19.46%.

Importantly, this makes Hartselle 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 Hartselle's latest annual appreciation rate is higher than 90% 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:
$164,523

Hartselle, AL HOME PRICES

Value Range
> $1,064,000 0.4
$798,001 - $1,064,000 0.1
$532,001 - $798,000 0.4
$426,001 - $532,000 2.7
$319,001 - $426,000 3.5
$213,001 - $319,000 14.9
$106,001 - $213,000 44.3
$53,001 - $106,000 26.9
$0 - $53,000 6.8

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
45.3188125768488 12.25

Number Of Homes And Apartments:
5,376

Hartselle Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
24.03% 1.24% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$806 / 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