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 about Scout's Real Estate Data
With 884 people, 344 houses or apartments, and a median cost of homes of $139,858, house prices in Notasulga are solidly below the national average.
Single-family detached homes are the single most common housing type in Notasulga, accounting for 67.84% of the town's housing units. Other types of housing that are prevalent in Notasulga include mobile homes or trailers ( 21.60%), row houses and other attached homes ( 5.87%), and a few large apartment complexes or high rise apartments ( 3.99%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Notasulga. Owner-occupied housing accounts for 74.51% of Notasulga's homes, and 65.02% have either three or four bedrooms, which is average sized relative to America.
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. Notasulga's housing was primarily built during this period, from the '40s through the '60s. A full 34.74% of the town's housing hails from this era. Other housing ages represented in Notasulga include homes built before 1939 ( 32.63%) and housing constructed between 1970-1999 ( 18.78%). There's also some housing in Notasulga built between 2000 and later ( 13.85%).
Vacant housing appears to be an issue in Notasulga. Fully 19.25% of the housing stock is classified as vacant. Left unchecked, vacant Notasulga homes and apartments can be a drag on the real estate market, holding Notasulga 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.
Appreciation rates for homes in Notasulga have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.50%, which ranks in the top 50% nationwide. This equates to an annual average Notasulga house appreciation rate of 6.37%.
NeighborhoodScout's data show that during the latest twelve months, Notasulga's appreciation rate, at 6.47%, has been at or slightly above the national average. In the latest quarter, Notasulga's appreciation rate has been 1.35%, which annualizes to a rate of 5.52%.
Relative to Alabama, our data show that Notasulga's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.
$139,858
for Alabama
for nation
344
$1,289 / per month