Scottsboro AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Scottsboro, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Scottsboro Housing Market Information

With 14,405 people, 5,985 houses or apartments, and a median cost of homes of $128,807, house prices in Scottsboro are solidly below the national average.

Single-family detached homes are the single most common housing type in Scottsboro, accounting for 74.49% of the city's housing units. Other types of housing that are prevalent in Scottsboro include large apartment complexes or high rise apartments ( 9.70%), mobile homes or trailers ( 7.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.71%).

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 65.92% of Scottsboro's homes, and 63.36% 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 ( 32.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.94%). There's also some housing in Scottsboro built before 1939 ( 2.94%).

Vacant housing appears to be an issue in Scottsboro. Fully 16.12% 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

Scottsboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Scottsboro during the period has been just 0.80%, which is lower than 70% of US communities.

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 1.07%, 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 0.53%, which equates to an annual appreciation rate of 2.13%.

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

Relative to Alabama, our data show that Scottsboro's latest annual appreciation rate is lower than 60% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$128,807

Scottsboro, AL HOME PRICES

Value Range
> $1,086,000 0.0
$815,001 - $1,086,000 0.3
$543,001 - $815,000 1.7
$435,001 - $543,000 1.6
$326,001 - $435,000 4.8
$217,001 - $326,000 13.3
$109,001 - $217,000 38.0
$54,001 - $109,000 25.9
$0 - $54,000 14.4

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
68.8992700729927 39.9002493765586

Number Of Homes And Apartments:
5,985

Scottsboro Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
42.68% 1.82%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 65.92
Renters 34.08
Vacant 16.12

Housing Market Details

 

Age of Homes

AGE OF Scottsboro HOMES
2000 or Newer 8.9
1970 - 1999 55.6
1940 - 1969 32.5
1939 or Older 2.9

Types of Homes

TYPE OF Scottsboro HOMES
Single-Family 74.5
Townhomes 2.0
Small Apt. Buildings 6.7
Apt. Complexes 9.7
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Scottsboro HOMES
No Bedroom 3.20
1 Bedroom 5.77
2 Bedrooms 25.51
3 Bedrooms 49.50
4 Bedrooms 13.86
5 or more bedrooms 2.16

Popular Neighborhoods in Scottsboro

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Zip Codes in Scottsboro, AL