Sylacauga, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sylacauga, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Sylacauga Housing Market Information

With 12,657 people, 4,926 houses or apartments, and a median cost of homes of $105,897, 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 Home Appreciation Rates

Real estate appreciation rates in Sylacauga's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

NeighborhoodScout's data show that during the latest twelve months, Sylacauga's appreciation rate, at 5.21%, has been at or slightly above the national average. In the latest quarter, Sylacauga's appreciation rate has been 0.55%, which annualizes to a rate of 2.22%.

Relative to Alabama, our data show that Sylacauga's latest annual appreciation rate is higher than 80% 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.

Average Home Values

 

Median Home Value:
$105,897

Sylacauga, AL HOME PRICES

Value Range
> $1,059,000 0.1
$794,001 - $1,059,000 0.7
$529,001 - $794,000 0.0
$424,001 - $529,000 0.4
$318,001 - $424,000 1.1
$211,001 - $318,000 7.6
$106,001 - $211,000 34.8
$53,001 - $106,000 30.0
$0 - $53,000 25.3

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
73.725536153756 50.25

Number Of Homes And Apartments:
4,926

Sylacauga Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
23.88% 1.25% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$793 / per month

Homeownership Rate

Homeownership
Owners 57.61
Renters 42.39
Vacant 15.39

Housing Market Details

 

Age of Homes

AGE OF Sylacauga HOMES
2000 or Newer 9.2
1970 - 1999 38.7
1940 - 1969 43.7
1939 or Older 8.4

Types of Homes

TYPE OF Sylacauga HOMES
Single-Family 69.9
Townhomes 1.0
Small Apt. Buildings 14.1
Apt. Complexes 10.7
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Sylacauga HOMES
No Bedroom 1.67
1 Bedroom 13.81
2 Bedrooms 24.89
3 Bedrooms 45.47
4 Bedrooms 12.56
5 or more bedrooms 1.61