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 15,649, 5,825 total housing units (homes and apartments), and a median house value of $248,122, house prices in Hartselle are solidly below the national average.
Single-family detached homes are the single most common housing type in Hartselle, accounting for 78.91% of the city's housing units. Other types of housing that are prevalent in Hartselle include duplexes, homes converted to apartments or other small apartment buildings ( 10.20%), large apartment complexes or high rise apartments ( 7.34%), and a few mobile homes or trailers ( 1.88%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hartselle. Owner-occupied housing accounts for 74.42% of Hartselle's homes, and 76.74% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Hartselle 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 Hartselle built between 1940-1969 ( 30.87%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.45%). There's also some housing in Hartselle built before 1939 ( 1.09%).
Vacant housing appears to be an issue in Hartselle. Fully 11.89% of the housing stock is classified as vacant. Left unchecked, vacant Hartselle homes and apartments can be a drag on the real estate market, holding Hartselle 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 Hartselle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.99%, which ranks in the top 40% nationwide. This equates to an annual average Hartselle house appreciation rate of 7.07%.
NeighborhoodScout's data show that during the latest twelve months, Hartselle's appreciation rate, at 7.68%, has been at or slightly above the national average. In the latest quarter, Hartselle's appreciation rate has been 2.75%, which annualizes to a rate of 11.48%.
Relative to Alabama, our data show that Hartselle's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hartselle differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hartselle - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hartselle real estate investment or home purchase decisions.
$248,122
for Alabama
for nation
5,825
$1,298 / per month