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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Boaz Housing Market Information

With 9,704 people, 3,561 houses or apartments, and a median cost of homes of $139,055, 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 76.82% of the city's housing units. Other types of housing that are prevalent in Boaz include large apartment complexes or high rise apartments ( 9.44%), duplexes, homes converted to apartments or other small apartment buildings ( 8.02%), and a few mobile homes or trailers ( 4.44%).

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 62.41% owning and 37.59% 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 ( 34.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.43%). There's also some housing in Boaz built before 1939 ( 6.99%).

Vacant housing appears to be an issue in Boaz. Fully 14.46% 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

Boaz's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Boaz during the period has been just 1.60%, which is lower than 70% of US communities.

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 5.02%, which is higher than appreciation rates in 71.77% 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 1.81%, which equates to an annual appreciation rate of 7.45%.

Relative to Alabama, our data show that Boaz's latest annual appreciation rate is higher than 60% of the other cities and towns in Alabama.

Average Home Values

 
info

Median Home Value:
$139,055

Boaz, AL HOME PRICES

> $1,194,000
0.2%
0.2%
$896,001 - $1,194,000
0.0%
0.0%
$597,001 - $896,000
1.3%
1.3%
$478,001 - $597,000
1.3%
1.3%
$359,001 - $478,000
6.4%
6.4%
$239,001 - $359,000
10.6%
10.6%
$120,001 - $239,000
32.1%
32.1%
$60,001 - $120,000
39.4%
39.4%
$0 - $60,000
8.7%
8.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for AL

Value Relative To Nation

Number Of Homes And Apartments:
3,561

Boaz Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
44.00% 1.77%
4
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$867 / per month

Homeownership Rate

Owners
62.4%
62.4%
Renters
37.6%
37.6%
Vacant
14.5%
14.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
11.4%
11.4%
1970 - 1999
47.4%
47.4%
1940 - 1969
34.1%
34.1%
1939 or Older
7.0%
7.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.8%
76.8%
Townhomes
0.9%
0.9%
Small Apt. Buildings
8.0%
8.0%
Apt. Complexes
9.4%
9.4%
Mobile Homes
4.4%
4.4%
Other
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
8.8%
8.8%
2 Bedrooms
27.8%
27.8%
3 Bedrooms
42.0%
42.0%
4 Bedrooms
18.8%
18.8%
5 or more bedrooms
2.1%
2.1%
0.0% 100.0%
% OF HOMES