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 496, 181 total housing units (homes and apartments), and a median house value of $161,091, house prices in Altha are some of the most affordable in Florida as well as the nation.
Single-family detached homes are the single most common housing type in Altha, accounting for 54.35% of the town's housing units. Other types of housing that are prevalent in Altha include mobile homes or trailers ( 41.74%), large apartment complexes or high rise apartments ( 2.61%).
The most prevalent building size and type in Altha are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 54.70% owning and 45.30% renting.
There is a lot of housing in Altha 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 Altha built between 2000 and later ( 28.70%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.22%). There's also some housing in Altha built before 1939 ( 4.35%).
Vacant housing appears to be an issue in Altha. Fully 21.30% of the housing stock is classified as vacant. Left unchecked, vacant Altha homes and apartments can be a drag on the real estate market, holding Altha 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 Altha have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.67%, which ranks in the top 30% nationwide. This equates to an annual average Altha house appreciation rate of 7.42%.
Over the last year, Altha appreciation rates have trailed the rest of the nation. In the last twelve months, Altha's appreciation rate has been 0.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Altha were at -2.36%, which equates to an annual appreciation rate of -9.13%.
Notably, Altha's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Altha's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.
$161,091
for Florida
for nation
181
$1,494 / per month