Attalla, AL Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Attalla, AL Housing Market Trends

With 5,771 people, 2,151 houses or apartments, and a median cost of homes of $105,935, 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 78.84% of the city's housing units. Other types of housing that are prevalent in Attalla include mobile homes or trailers ( 7.32%), duplexes, homes converted to apartments or other small apartment buildings ( 6.97%), and a few large apartment complexes or high rise apartments ( 6.21%).

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 71.43% of Attalla's homes, and 64.61% 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 49.76% of the city's housing hails from this era. Other housing ages represented in Attalla include homes built between 1970-1999 ( 34.45%) and housing constructed before 1939 ( 9.03%). There's also some housing in Attalla built between 2000 and later ( 6.76%).

Vacant housing appears to be an issue in Attalla. Fully 25.00% 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.

Attalla Home Appreciation Rates

Attalla's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Attalla during the period has been just 2.68%, which is lower than 70% of US communities.

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 7.14%, 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 4.28%, which equates to an annual appreciation rate of 18.24%.

Importantly, this makes Attalla one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$105,935

Attalla, AL HOME PRICES

> $1,276,000
0.0%
0.0%
$958,001 - $1,276,000
0.3%
0.3%
$638,001 - $958,000
0.2%
0.2%
$511,001 - $638,000
0.0%
0.0%
$383,001 - $511,000
1.1%
1.1%
$255,001 - $383,000
4.3%
4.3%
$128,001 - $255,000
33.3%
33.3%
$64,001 - $128,000
44.4%
44.4%
$0 - $64,000
16.4%
16.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for AL

Value Relative To Nation

Number Of Homes And Apartments:
2,151

Attalla Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
60.69% 2.23%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$764 / per month

Homeownership Rate

Owners
71.4%
71.4%
Renters
28.6%
28.6%
Vacant
25.0%
25.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.8%
6.8%
1970 - 1999
34.4%
34.4%
1940 - 1969
49.8%
49.8%
1939 or Older
9.0%
9.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
78.8%
78.8%
Townhomes
0.7%
0.7%
Small Apt. Buildings
7.0%
7.0%
Apt. Complexes
6.2%
6.2%
Mobile Homes
7.3%
7.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
1.6%
1.6%
2 Bedrooms
29.0%
29.0%
3 Bedrooms
60.8%
60.8%
4 Bedrooms
3.8%
3.8%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Attalla

Zip Codes in Attalla, AL