Muscle Shoals, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Muscle Shoals, AL Real Estate Data


Muscle Shoals Housing Market Information

With 13,706 people, 5,490 houses or apartments, and a median cost of homes of $137,768, house prices in Muscle Shoals are solidly below the national average.

Single-family detached homes are the single most common housing type in Muscle Shoals, accounting for 83.19% of the city's housing units. Other types of housing that are prevalent in Muscle Shoals include duplexes, homes converted to apartments or other small apartment buildings ( 7.41%), large apartment complexes or high rise apartments ( 6.08%), and a few mobile homes or trailers ( 3.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Muscle Shoals. Owner-occupied housing accounts for 75.01% of Muscle Shoals's homes, and 73.68% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Muscle Shoals 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 Muscle Shoals built between 1940-1969 ( 22.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.86%). There's also some housing in Muscle Shoals built before 1939 ( 2.49%).

Muscle Shoals Home Appreciation Rates

Appreciation rates for homes in Muscle Shoals have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.61%, which ranks in the top 40% nationwide. This equates to an annual average Muscle Shoals house appreciation rate of 0.74%.

Over the last year, Muscle Shoals appreciation rates have trailed the rest of the nation. In the last twelve months, Muscle Shoals's appreciation rate has been 2.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Muscle Shoals were at -1.59%, which equates to an annual appreciation rate of -6.19%.

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

Relative to Alabama, our data show that Muscle Shoals's latest annual appreciation rate is lower than 50% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$137,768

Muscle Shoals, AL HOME PRICES

Value Range
> $1,032,000 0.2
$774,001 - $1,032,000 0.8
$516,001 - $774,000 0.9
$413,001 - $516,000 2.9
$310,001 - $413,000 5.5
$207,001 - $310,000 13.0
$103,001 - $207,000 37.5
$52,001 - $103,000 30.3
$0 - $52,000 8.8

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
55.6193601312551 23.0

Number Of Homes And Apartments:
5,490

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 75.01
Renters 24.99
Vacant 6.43

Housing Market Details

 

Age of Homes

AGE OF Muscle Shoals HOMES
2000 or Newer 14.9
1970 - 1999 59.8
1940 - 1969 22.8
1939 or Older 2.5

Types of Homes

TYPE OF Muscle Shoals HOMES
Single-Family 83.2
Townhomes 0.3
Small Apt. Buildings 7.4
Apt. Complexes 6.1
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Muscle Shoals HOMES
No Bedroom 0.24
1 Bedroom 4.48
2 Bedrooms 17.27
3 Bedrooms 58.41
4 Bedrooms 15.27
5 or more bedrooms 4.33

Muscle Shoals 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
26.89% 1.39% 5 3
* 10 is highest