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 6,204 people, 2,130 houses or apartments, and a median cost of homes of $211,990, house prices in Horton are solidly below the national average.
Single-family detached homes are the single most common housing type in Horton, accounting for 64.05% of the town's housing units. Other types of housing that are prevalent in Horton include mobile homes or trailers ( 33.31%), row houses and other attached homes ( 1.36%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Horton. Owner-occupied housing accounts for 77.27% of Horton's homes, and 73.61% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Horton 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 Horton built between 2000 and later ( 16.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.53%). There's also some housing in Horton built before 1939 ( 7.02%).
Vacant housing appears to be an issue in Horton. Fully 11.74% of the housing stock is classified as vacant. Left unchecked, vacant Horton homes and apartments can be a drag on the real estate market, holding Horton 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 Horton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.50%, which ranks in the top 50% nationwide. This equates to an annual average Horton house appreciation rate of 6.77%.
Over the last year, Horton appreciation rates have trailed the rest of the nation. In the last twelve months, Horton's appreciation rate has been 2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Horton were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Horton's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Horton's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.
$211,990
for Alabama
for nation
2,130
$1,716 / per month