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 871, 409 total housing units (homes and apartments), and a median house value of $193,659, house prices in Notasulga are solidly below the national average.
Single-family detached homes are the single most common housing type in Notasulga, accounting for 56.68% of the town's housing units. Other types of housing that are prevalent in Notasulga include mobile homes or trailers ( 25.22%), duplexes, homes converted to apartments or other small apartment buildings ( 9.70%), and a few large apartment complexes or high rise apartments ( 4.31%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Notasulga. Owner-occupied housing accounts for 65.86% of Notasulga's homes, and 67.46% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Notasulga 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 Notasulga built before 1939 ( 26.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.34%). There's also some housing in Notasulga built between 2000 and later ( 18.97%).
Vacant housing appears to be an issue in Notasulga. Fully 11.85% of the housing stock is classified as vacant. Left unchecked, vacant Notasulga homes and apartments can be a drag on the real estate market, holding Notasulga 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 Notasulga have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 109.90%, which ranks in the top 30% nationwide. This equates to an annual average Notasulga house appreciation rate of 7.70%.
Appreciation rates are so strong in Notasulga that despite a nationwide downturn in the housing market, Notasulga real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Notasulga appreciation rates continue to be some of the highest in America, at 7.88%, which is higher than appreciation rates in 88.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Notasulga. Notasulga appreciation rates in the latest quarter were at 3.00%, which equates to an annual appreciation rate of 12.54%.
Importantly, this makes Notasulga one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Alabama, our data show that Notasulga's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
$193,659
for Alabama
for nation
409
$1,123 / per month