Hazel Green, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hazel Green, 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 Q2 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

Hazel Green Housing Market Information

With 3,772 people, 1,226 houses or apartments, and a median cost of homes of $132,484, house prices in Hazel Green are solidly below the national average.

Single-family detached homes are the single most common housing type in Hazel Green, accounting for 82.95% of the town's housing units. Other types of housing that are prevalent in Hazel Green include mobile homes or trailers ( 10.01%), duplexes, homes converted to apartments or other small apartment buildings ( 4.52%), and a few large apartment complexes or high rise apartments ( 2.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hazel Green. Owner-occupied housing accounts for 81.63% of Hazel Green's homes, and 74.28% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hazel Green 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 Hazel Green built between 1940-1969 ( 16.23%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.27%). There's also some housing in Hazel Green built before 1939 ( 3.93%).

Hazel Green Home Appreciation Rates

Real estate appreciation rates in Hazel Green's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.15% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hazel Green's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Hazel Green's appreciation rate has been 1.17%, which annualizes to a rate of 4.75%.

Relative to Alabama, our data show that Hazel Green's latest annual appreciation rate is higher than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$132,484

Hazel Green, AL HOME PRICES

Value Range
> $1,064,000 0.5
$798,001 - $1,064,000 0.6
$532,001 - $798,000 1.3
$426,001 - $532,000 1.4
$319,001 - $426,000 3.0
$213,001 - $319,000 6.0
$107,001 - $213,000 54.7
$53,001 - $107,000 22.6
$0 - $53,000 9.9

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
59.8805550676269 28.0

Number Of Homes And Apartments:
1,226

Hazel Green Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q2
32.56% 1.62% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$901 / per month

Homeownership Rate

Homeownership
Owners 81.63
Renters 18.37
Vacant 9.12

Housing Market Details

 

Age of Homes

AGE OF Hazel Green HOMES
2000 or Newer 9.3
1970 - 1999 70.6
1940 - 1969 16.2
1939 or Older 3.9

Types of Homes

TYPE OF Hazel Green HOMES
Single-Family 83.0
Townhomes 0.0
Small Apt. Buildings 4.5
Apt. Complexes 2.5
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Hazel Green HOMES
No Bedroom 1.63
1 Bedroom 2.45
2 Bedrooms 19.35
3 Bedrooms 63.16
4 Bedrooms 11.12
5 or more bedrooms 2.30

Popular Neighborhoods in Hazel Green

Zip Codes in Hazel Green, AL