Scottsboro, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Scottsboro, AL Real Estate Data


Scottsboro Housing Market Information

With a population of 14,722, 6,086 total housing units (homes and apartments), and a median house value of $140,417, Scottsboro 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 Scottsboro, accounting for 74.96% of the city's housing units. Other types of housing that are prevalent in Scottsboro include large apartment complexes or high rise apartments ( 10.18%), mobile homes or trailers ( 7.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Scottsboro. Owner-occupied housing accounts for 67.97% of Scottsboro's homes, and 63.24% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Scottsboro 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 Scottsboro built between 1940-1969 ( 29.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.03%). There's also some housing in Scottsboro built before 1939 ( 2.36%).

Vacant housing appears to be an issue in Scottsboro. Fully 11.26% of the housing stock is classified as vacant. Left unchecked, vacant Scottsboro homes and apartments can be a drag on the real estate market, holding Scottsboro 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.

Scottsboro Home Appreciation Rates

Appreciation rates for homes in Scottsboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.09%, which ranks in the top 50% nationwide. This equates to an annual average Scottsboro house appreciation rate of 0.30%.

Over the last year, Scottsboro appreciation rates have trailed the rest of the nation. In the last twelve months, Scottsboro's appreciation rate has been 2.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Scottsboro were at -0.13%, which equates to an annual appreciation rate of -0.52%.

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

Average Home Values

 

Median Home Value:
$140,417

Scottsboro, AL HOME PRICES

Value Range
> $1,042,000 0.8
$782,001 - $1,042,000 0.2
$521,001 - $782,000 1.6
$417,001 - $521,000 2.4
$313,001 - $417,000 5.6
$208,001 - $313,000 11.4
$104,001 - $208,000 34.6
$52,001 - $104,000 29.2
$0 - $52,000 14.2

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
54.374194304465 21.25

Number Of Homes And Apartments:
6,086

Rent & Ownership

 

Average Market Rent:
$675 / per month

Homeownership Rate

Homeownership
Owners 67.97
Renters 32.03
Vacant 11.26

Housing Market Details

 

Age of Homes

AGE OF Scottsboro HOMES
2000 or Newer 12.0
1970 - 1999 56.6
1940 - 1969 29.0
1939 or Older 2.4

Types of Homes

TYPE OF Scottsboro HOMES
Single-Family 75.0
Townhomes 1.7
Small Apt. Buildings 5.8
Apt. Complexes 10.2
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF Scottsboro HOMES
No Bedroom 4.13
1 Bedroom 5.22
2 Bedrooms 25.40
3 Bedrooms 49.90
4 Bedrooms 13.34
5 or more bedrooms 2.01

Scottsboro 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

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Zip Codes in Scottsboro, AL