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 about Scout's Real Estate Data
With a population of 5,818, 2,526 total housing units (homes and apartments), and a median house value of $174,068, house prices in Attalla are solidly below the national average.
Single-family detached homes are the single most common housing type in Attalla, accounting for 82.37% of the city's housing units. Other types of housing that are prevalent in Attalla include large apartment complexes or high rise apartments ( 8.38%), mobile homes or trailers ( 5.41%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.57%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Attalla. Owner-occupied housing accounts for 75.26% of Attalla's homes, and 62.64% have either three or four bedrooms, which is average sized relative to America.
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. Attalla's housing was primarily built during this period, from the '40s through the '60s. A full 55.73% of the city's housing hails from this era. Other housing ages represented in Attalla include homes built between 1970-1999 ( 25.48%) and housing constructed between 2000 and later ( 9.98%). There's also some housing in Attalla built before 1939 ( 8.81%).
Vacant housing appears to be an issue in Attalla. Fully 15.66% of the housing stock is classified as vacant. Left unchecked, vacant Attalla homes and apartments can be a drag on the real estate market, holding Attalla 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.
Appreciation rates for homes in Attalla have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.74%, which ranks in the top 50% nationwide. This equates to an annual average Attalla house appreciation rate of 6.89%.
Over the last year, Attalla appreciation rates have trailed the rest of the nation. In the last twelve months, Attalla's appreciation rate has been 4.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Attalla were at 1.45%, which equates to an annual appreciation rate of 5.91%.
Relative to Alabama, our data show that Attalla's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.
$174,068
for Alabama
for nation
2,526
$950 / per month