Hokes Bluff, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hokes Bluff, AL Real Estate Data


Hokes Bluff Housing Market Information

With 4,301 people, 1,806 houses or apartments, and a median cost of homes of $169,712, Hokes Bluff real estate is some of the most expensive in Alabama, although Hokes Bluff home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hokes Bluff, accounting for 85.84% of the city's housing units. Other types of housing that are prevalent in Hokes Bluff include mobile homes or trailers ( 11.15%), large apartment complexes or high rise apartments ( 2.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hokes Bluff. Owner-occupied housing accounts for 79.13% of Hokes Bluff's homes, and 80.96% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hokes Bluff 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 Hokes Bluff built between 1940-1969 ( 26.03%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.93%). There's also some housing in Hokes Bluff built before 1939 ( 5.55%).

Vacant housing appears to be an issue in Hokes Bluff. Fully 13.59% of the housing stock is classified as vacant. Left unchecked, vacant Hokes Bluff homes and apartments can be a drag on the real estate market, holding Hokes Bluff 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.

Hokes Bluff Home Appreciation Rates

Appreciation rates for homes in Hokes Bluff have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.08%, which ranks in the top 40% nationwide. This equates to an annual average Hokes Bluff house appreciation rate of 0.50%.

NeighborhoodScout's data show that during the latest twelve months, Hokes Bluff's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, Hokes Bluff's appreciation rate has been 1.28%, which annualizes to a rate of 5.23%.

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

Average Home Values

 

Median Home Value:
$169,712

Hokes Bluff, AL HOME PRICES

Value Range
> $1,060,000 0.0
$796,001 - $1,060,000 0.0
$530,001 - $796,000 0.9
$424,001 - $530,000 3.1
$318,001 - $424,000 3.6
$212,001 - $318,000 21.1
$106,001 - $212,000 41.5
$53,001 - $106,000 18.9
$0 - $53,000 10.9

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
41.4742763389195 9.5

Number Of Homes And Apartments:
1,806

Rent & Ownership

 

Average Market Rent:
$1,013 / per month

Homeownership Rate

Homeownership
Owners 79.13
Renters 20.87
Vacant 13.59

Housing Market Details

 

Age of Homes

AGE OF Hokes Bluff HOMES
2000 or Newer 15.9
1970 - 1999 52.5
1940 - 1969 26.0
1939 or Older 5.6

Types of Homes

TYPE OF Hokes Bluff HOMES
Single-Family 85.8
Townhomes 0.9
Small Apt. Buildings 0.0
Apt. Complexes 2.1
Mobile Homes 11.1
Other 0.0

Home Size

SIZE OF Hokes Bluff HOMES
No Bedroom 1.53
1 Bedroom 0.91
2 Bedrooms 15.98
3 Bedrooms 67.94
4 Bedrooms 13.01
5 or more bedrooms 0.62

Hokes Bluff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
27.60% 1.42% 5 3
* 10 is highest

Popular Neighborhoods in Hokes Bluff

Zip Codes in Hokes Bluff, AL