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 a population of 529, 237 total housing units (homes and apartments), and a median house value of $107,209, house prices in Altha are solidly below the national average.
Single-family detached homes are the single most common housing type in Altha, accounting for 65.25% of the town's housing units. Other types of housing that are prevalent in Altha include mobile homes or trailers ( 29.43%), duplexes, homes converted to apartments or other small apartment buildings ( 2.84%), and a few row houses and other attached homes ( 2.48%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Altha. Owner-occupied housing accounts for 66.24% of Altha's homes, and 68.79% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Altha 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 Altha built between 1940-1969 ( 29.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 26.24%). There's also some housing in Altha built before 1939 ( 3.90%).
Vacant housing appears to be an issue in Altha. Fully 15.96% of the housing stock is classified as vacant. Left unchecked, vacant Altha homes and apartments can be a drag on the real estate market, holding Altha 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.
Homes have actually lost value in Altha over the last then years, as home values have seen a decline of 25.25% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Altha home appreciation rates at -1.38%, which equates to an annual appreciation rate of -5.42%.
NeighborhoodScout's data show that during the latest twelve months, Altha's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Altha's appreciation rate has been -1.38%, which annualizes to a rate of -5.42%.
Notably, Altha's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Altha's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.
|$871,001 - $1,161,000||0.0|
|$581,001 - $871,000||0.6|
|$465,001 - $581,000||0.0|
|$349,001 - $465,000||4.4|
|$232,001 - $349,000||6.8|
|$116,001 - $232,000||39.7|
|$58,001 - $116,000||20.9|
|$0 - $58,000||27.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Altha HOMES|
|2000 or Newer||26.2|
|1970 - 1999||40.8|
|1940 - 1969||29.1|
|1939 or Older||3.9|
|TYPE OF Altha HOMES|
|Small Apt. Buildings||2.8|
|SIZE OF Altha HOMES|
|5 or more bedrooms||0.71|