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 9,554 people, 3,070 houses or apartments, and a median cost of homes of $308,159, Southside real estate is some of the most expensive in Alabama, although Southside home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Southside, accounting for 93.05% of the city's housing units. Other types of housing that are prevalent in Southside include mobile homes or trailers ( 6.95%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southside. Owner-occupied housing accounts for 89.39% of Southside's homes, and 83.66% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Southside 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 Southside built between 2000 and later ( 27.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.41%).
Real estate appreciation rates in Southside's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.74% during the period.
Appreciation rates are so strong in Southside that despite a nationwide downturn in the housing market, Southside real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Southside appreciation rates continue to be some of the highest in America, at 10.03%, which is higher than appreciation rates in 87.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Southside. Southside appreciation rates in the latest quarter were at 0.16%, which equates to an annual appreciation rate of 0.65%.
Notably, Southside's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Southside's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.
$308,159
for Alabama
for nation
3,070
$1,877 / per month