Trussville, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Trussville, 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 Q2 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

Trussville Housing Market Information

With a population of 21,023, 7,400 total housing units (homes and apartments), and a median house value of $238,883, Trussville real estate is some of the most expensive in Alabama, although Trussville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Trussville, accounting for 92.58% of the city's housing units. Other types of housing that are prevalent in Trussville include large apartment complexes or high rise apartments ( 3.99%), mobile homes or trailers ( 1.83%), and a few row houses and other attached homes ( 1.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Trussville. Owner-occupied housing accounts for 86.53% of Trussville's homes, and 82.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Trussville 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 Trussville built between 2000 and later ( 36.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.51%). There's also some housing in Trussville built before 1939 ( 5.04%).

Trussville Home Appreciation Rates

Real estate appreciation rates in Trussville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.

NeighborhoodScout's data show that during the latest twelve months, Trussville's appreciation rate, at 3.96%, has been at or slightly above the national average. In the latest quarter, Trussville's appreciation rate has been 2.24%, which annualizes to a rate of 9.29%.

Relative to Alabama, our data show that Trussville's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$238,883

Trussville, AL HOME PRICES

Value Range
> $1,125,000 1.0
$844,001 - $1,125,000 0.3
$562,001 - $844,000 0.7
$450,001 - $562,000 4.2
$337,001 - $450,000 15.4
$225,001 - $337,000 38.4
$112,001 - $225,000 30.5
$56,001 - $112,000 7.2
$0 - $56,000 2.3

Very High for AL
High for Nation

Value Relative to Nation Value Relative to State
25.291293401253 3.125

Number Of Homes And Apartments:
7,400

Trussville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
23.68% 1.22% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,572 / per month

Homeownership Rate

Homeownership
Owners 86.53
Renters 13.47
Vacant 5.18

Housing Market Details

 

Age of Homes

AGE OF Trussville HOMES
2000 or Newer 36.9
1970 - 1999 47.6
1940 - 1969 10.5
1939 or Older 5.0

Types of Homes

TYPE OF Trussville HOMES
Single-Family 92.6
Townhomes 1.1
Small Apt. Buildings 0.5
Apt. Complexes 4.0
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Trussville HOMES
No Bedroom 0.38
1 Bedroom 1.73
2 Bedrooms 8.41
3 Bedrooms 52.20
4 Bedrooms 30.07
5 or more bedrooms 7.20

Popular Neighborhoods in Trussville

Zip Codes in Trussville, AL