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 Q3 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 a population of 3,772, 1,226 total housing units (homes and apartments), and a median house value of $130,965, 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 -0.01% 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 1.50%, 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 -0.22%, which equates to an annual appreciation rate of -0.90%.

Notably, Hazel Green's appreciation rate in the latest quarter is one of the lowest in America.

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:
$130,965

Hazel Green, AL HOME PRICES

Value Range
> $1,052,000 0.5
$789,001 - $1,052,000 0.6
$526,001 - $789,000 1.3
$421,001 - $526,000 1.4
$316,001 - $421,000 3.0
$210,001 - $316,000 6.0
$105,001 - $210,000 54.7
$52,001 - $105,000 22.6
$0 - $52,000 9.9

High for AL
Low for Nation

Value Relative to Nation Value Relative to State
61.678084196967 29.75

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 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
31.04% 1.53% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,055 / 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