Ozark appreciation rates and housing market information

Ozark housing market information

With 15,142 people, 6,881 houses or apartments, and a median cost of homes of $126,600, house prices in Ozark are solidly below the national average.

single-family detached homes are the single most common housing type in Ozark, accounting for 74.63% of the city's housing units. Other types of housing that are prevalent in Ozark include duplexes, homes converted to apartments, or other small apartment buildings (11.79%), large apartment complexes or high rise apartments (5.58%), mobile homes or trailers (5.19%), and a few row houses and other attached homes (2.63%).

The most prevalent building size and type in Ozark are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 56.98% owning, and 31.74% renting.

There is a lot of housing in Ozark built from 1970-1994, 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 Ozark built from 1940-1969 (39.17%). A lesser amount of the housing stock also hails from 1939 and earlier (5.77%), and some were built from 1995 and later (5.77%).

Vacant housing appears to be an issue in Ozark. Fully 11.28% of the housing stock is classified as vacant. Left unchecked, vacant Ozark homes and apartments can be a drag on the real estate market, holding Ozark 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.

Ozark home appreciation rates

Ozark's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ozark during the period has been just 5.32%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ozark home appreciation rates, at 2.33%, have been at or slightly above the national average. In the latest quarter, Ozark's appreciation rate has been -0.05%, which annualizes to a rate of -0.20%.

Relative to Alabama, our data show that Ozark's latest annual appreciation rate is higher than 17% 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 Ozark differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ozark - 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 1990, to assist you in making the best Ozark real estate investment or home purchase decisions.