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 1,139 people, 545 houses or apartments, and a median cost of homes of $123,195, house prices in Frisco City are some of the most affordable in Alabama as well as the nation.
Single-family detached homes are the single most common housing type in Frisco City, accounting for 88.71% of the town's housing units. Other types of housing that are prevalent in Frisco City include mobile homes or trailers ( 4.63%), duplexes, homes converted to apartments or other small apartment buildings ( 1.88%), and a few large apartment complexes or high rise apartments ( 1.16%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Frisco City. Owner-occupied housing accounts for 75.05% of Frisco City's homes, and 71.78% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Frisco City 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 Frisco City built between 1940-1969 ( 41.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.81%). There's also some housing in Frisco City built before 1939 ( 2.89%).
Vacant housing appears to be an issue in Frisco City. Fully 21.13% of the housing stock is classified as vacant. Left unchecked, vacant Frisco City homes and apartments can be a drag on the real estate market, holding Frisco City 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.
Frisco City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Frisco City during the period has been just 4.65%, which is lower than 80% of US communities.
Over the last year, Frisco City appreciation rates have trailed the rest of the nation. In the last twelve months, Frisco City's appreciation rate has been 2.47%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Frisco City were at -1.79%, which equates to an annual appreciation rate of -6.98%.
Notably, Frisco City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Frisco City's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.
$123,195
for Alabama
for nation
545
$1,405 / per month