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 15,677 people, 6,133 houses or apartments, and a median cost of homes of $234,611, house prices in Scottsboro are solidly below the national average.
Single-family detached homes are the single most common housing type in Scottsboro, accounting for 74.76% of the city's housing units. Other types of housing that are prevalent in Scottsboro include mobile homes or trailers ( 10.36%), duplexes, homes converted to apartments or other small apartment buildings ( 7.23%), and a few large apartment complexes or high rise apartments ( 6.20%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Scottsboro. Owner-occupied housing accounts for 68.65% of Scottsboro's homes, and 61.85% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Scottsboro 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 Scottsboro built between 1940-1969 ( 26.63%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.31%). There's also some housing in Scottsboro built before 1939 ( 6.23%).
Vacant housing appears to be an issue in Scottsboro. Fully 12.34% of the housing stock is classified as vacant. Left unchecked, vacant Scottsboro homes and apartments can be a drag on the real estate market, holding Scottsboro 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.
Scottsboro's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Scottsboro during the period has been just 5.57%, which is lower than 70% of US communities.
Over the last year, Scottsboro appreciation rates have trailed the rest of the nation. In the last twelve months, Scottsboro's appreciation rate has been 1.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Scottsboro were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Scottsboro's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Scottsboro's latest annual appreciation rate is lower 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 Scottsboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Scottsboro - 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 Scottsboro real estate investment or home purchase decisions.
$234,611
for Alabama
for nation
6,133
$1,328 / per month