Altha, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Altha, FL 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

Altha Housing Market Information

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.

Altha Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$107,209

Altha, FL HOME PRICES

Value Range
> $1,161,000 0.0
$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

Very Low for FL
Low for Nation

Value Relative to Nation Value Relative to State
73.016524082972 85.4700854700855

Number Of Homes And Apartments:
237

Altha Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
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
80.84% 3.49% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$978 / per month

Homeownership Rate

Homeownership
Owners 66.24
Renters 33.76
Vacant 15.96

Housing Market Details

 

Age of Homes

AGE OF Altha HOMES
2000 or Newer 26.2
1970 - 1999 40.8
1940 - 1969 29.1
1939 or Older 3.9

Types of Homes

TYPE OF Altha HOMES
Single-Family 65.2
Townhomes 2.5
Small Apt. Buildings 2.8
Apt. Complexes 0.0
Mobile Homes 29.4
Other 0.0

Home Size

SIZE OF Altha HOMES
No Bedroom 1.06
1 Bedroom 0.71
2 Bedrooms 28.72
3 Bedrooms 47.52
4 Bedrooms 21.28
5 or more bedrooms 0.71

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Zip Codes in Altha, FL