Boaz, AL


Highest Appreciating Boaz Neighborhoods Since 2000

Boaz, AL Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Boaz Housing Market Information

With 9,688 people, 3,334 houses or apartments, and a median cost of homes of $138,274, house prices in Boaz are solidly below the national average.

Single-family detached homes are the single most common housing type in Boaz, accounting for 78.85% of the city's housing units. Other types of housing that are prevalent in Boaz include large apartment complexes or high rise apartments ( 8.33%), duplexes, homes converted to apartments or other small apartment buildings ( 5.60%), and a few mobile homes or trailers ( 5.49%).

The most prevalent building size and type in Boaz are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.54% owning and 38.46% renting.

There is a lot of housing in Boaz 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 Boaz built between 1940-1969 ( 37.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.49%). There's also some housing in Boaz built before 1939 ( 7.09%).

Vacant housing appears to be an issue in Boaz. Fully 12.40% of the housing stock is classified as vacant. Left unchecked, vacant Boaz homes and apartments can be a drag on the real estate market, holding Boaz 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.

Boaz Home Appreciation Rates

Appreciation rates for homes in Boaz have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.45%, which ranks in the top 50% nationwide. This equates to an annual average Boaz house appreciation rate of 0.14%.

Appreciation rates are so strong in Boaz that despite a nationwide downturn in the housing market, Boaz real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Boaz appreciation rates continue to be some of the highest in America, at 7.65%, which is higher than appreciation rates in 85.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Boaz. Boaz appreciation rates in the latest quarter were at -0.22%, which equates to an annual appreciation rate of -0.87%.

Relative to Alabama, our data show that Boaz's latest annual appreciation rate is higher than 90% of the other cities and towns in Alabama.

Average Home Values


Median Home Value:


Value Range
> $1,114,000 0.1
$836,001 - $1,114,000 0.7
$557,001 - $836,000 1.7
$446,001 - $557,000 0.8
$334,001 - $446,000 4.8
$223,001 - $334,000 8.9
$111,001 - $223,000 36.7
$56,001 - $111,000 34.9
$0 - $56,000 11.4

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
55.6193601312551 23.75

Number Of Homes And Apartments:

Boaz Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
25.35% 1.32% 4 3
* 10 is highest

Rent & Ownership


Average Market Rent:
$998 / per month

Homeownership Rate

Owners 61.54
Renters 38.46
Vacant 12.40

Housing Market Details


Age of Homes

2000 or Newer 9.5
1970 - 1999 46.2
1940 - 1969 37.3
1939 or Older 7.1

Types of Homes

Single-Family 78.8
Townhomes 1.7
Small Apt. Buildings 5.6
Apt. Complexes 8.3
Mobile Homes 5.5
Other 0.0

Home Size

No Bedroom 0.39
1 Bedroom 5.70
2 Bedrooms 23.70
3 Bedrooms 54.41
4 Bedrooms 13.06
5 or more bedrooms 2.73