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
With 12,657 people, 4,926 houses or apartments, and a median cost of homes of $108,360, house prices in Sylacauga are solidly below the national average.
Single-family detached homes are the single most common housing type in Sylacauga, accounting for 69.89% of the city's housing units. Other types of housing that are prevalent in Sylacauga include duplexes, homes converted to apartments or other small apartment buildings ( 14.08%), large apartment complexes or high rise apartments ( 10.70%), and a few mobile homes or trailers ( 4.31%).
The most prevalent building size and type in Sylacauga are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.61% owning and 42.39% renting.
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. Sylacauga's housing was primarily built during this period, from the '40s through the '60s. A full 43.70% of the city's housing hails from this era. Other housing ages represented in Sylacauga include homes built between 1970-1999 ( 38.70%) and housing constructed between 2000 and later ( 9.17%). There's also some housing in Sylacauga built before 1939 ( 8.43%).
Vacant housing appears to be an issue in Sylacauga. Fully 15.39% of the housing stock is classified as vacant. Left unchecked, vacant Sylacauga homes and apartments can be a drag on the real estate market, holding Sylacauga 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.
Sylacauga's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sylacauga during the period has been just -0.53%, which is lower than 70% of US communities.
Over the last year, Sylacauga appreciation rates have trailed the rest of the nation. In the last twelve months, Sylacauga's appreciation rate has been 3.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sylacauga were at 2.19%, which equates to an annual appreciation rate of 9.03%.
Importantly, this makes Sylacauga 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 Sylacauga's latest annual appreciation rate is higher than 60% 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 Sylacauga differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sylacauga - 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 Sylacauga real estate investment or home purchase decisions.
|$813,001 - $1,083,000||0.7|
|$542,001 - $813,000||0.0|
|$433,001 - $542,000||0.4|
|$325,001 - $433,000||1.1|
|$216,001 - $325,000||7.6|
|$108,001 - $216,000||34.8|
|$54,001 - $108,000||30.0|
|$0 - $54,000||25.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Sylacauga HOMES|
|2000 or Newer||9.2|
|1970 - 1999||38.7|
|1940 - 1969||43.7|
|1939 or Older||8.4|
|TYPE OF Sylacauga HOMES|
|Small Apt. Buildings||14.1|
|SIZE OF Sylacauga HOMES|
|5 or more bedrooms||1.61|