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
With a population of 9,688, 3,334 total housing units (homes and apartments), and a median house value of $137,329, 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.
Real estate appreciation rates in Boaz's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.02% during the period.
NeighborhoodScout's data show that during the latest twelve months, Boaz's appreciation rate, at 4.69%, has been at or slightly above the national average. In the latest quarter, Boaz's appreciation rate has been 0.19%, which annualizes to a rate of 0.75%.
Notably, Boaz's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Boaz's latest annual appreciation rate is higher than 80% of the other cities and towns in Alabama.
|$830,001 - $1,107,000||0.7|
|$553,001 - $830,000||1.7|
|$443,001 - $553,000||0.8|
|$332,001 - $443,000||4.8|
|$221,001 - $332,000||8.9|
|$111,001 - $221,000||36.7|
|$55,001 - $111,000||34.9|
|$0 - $55,000||11.4|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Boaz HOMES|
|2000 or Newer||9.5|
|1970 - 1999||46.2|
|1940 - 1969||37.3|
|1939 or Older||7.1|
|TYPE OF Boaz HOMES|
|Small Apt. Buildings||5.6|
|SIZE OF Boaz HOMES|
|5 or more bedrooms||2.73|