Hazel Green, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hazel Green, AL Real Estate Data


Hazel Green Housing Market Information

With 3,772 people, 1,262 houses or apartments, and a median cost of homes of $132,323, 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 81.27% of the town's housing units. Other types of housing that are prevalent in Hazel Green include mobile homes or trailers ( 13.05%), duplexes, homes converted to apartments or other small apartment buildings ( 2.95%), and a few large apartment complexes or high rise apartments ( 2.73%).

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 74.53% of Hazel Green's homes, and 78.54% 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 ( 13.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.05%). There's also some housing in Hazel Green built before 1939 ( 3.83%).

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 0.04% during the period.

Over the last year, Hazel Green appreciation rates have trailed the rest of the nation. In the last twelve months, Hazel Green's appreciation rate has been 2.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hazel Green were at 1.51%, which equates to an annual appreciation rate of 6.17%.

Relative to Alabama, our data show that Hazel Green's latest annual appreciation rate is lower than 80% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$132,323

Hazel Green, AL HOME PRICES

Value Range
> $1,026,000 0.5
$769,001 - $1,026,000 0.0
$513,001 - $769,000 1.4
$410,001 - $513,000 1.8
$308,001 - $410,000 3.3
$205,001 - $308,000 8.7
$103,001 - $205,000 58.7
$51,001 - $103,000 17.0
$0 - $51,000 8.6

High for AL
Average for Nation

Value Relative to Nation Value Relative to State
59.5186508168882 28.75

Number Of Homes And Apartments:
1,262

Rent & Ownership

 

Average Market Rent:
$761 / per month

Homeownership Rate

Homeownership
Owners 74.53
Renters 25.47
Vacant 6.93

Housing Market Details

 

Age of Homes

AGE OF Hazel Green HOMES
2000 or Newer 6.0
1970 - 1999 76.5
1940 - 1969 13.6
1939 or Older 3.8

Types of Homes

TYPE OF Hazel Green HOMES
Single-Family 81.3
Townhomes 0.0
Small Apt. Buildings 2.9
Apt. Complexes 2.7
Mobile Homes 13.1
Other 0.0

Home Size

SIZE OF Hazel Green HOMES
No Bedroom 1.55
1 Bedroom 2.58
2 Bedrooms 15.12
3 Bedrooms 68.29
4 Bedrooms 10.25
5 or more bedrooms 2.21

Hazel Green Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
27.48% 1.44% 4 3
* 10 is highest

Popular Neighborhoods in Hazel Green

Zip Codes in Hazel Green, AL