Hokes Bluff, 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

Hokes Bluff Housing Market Information

With 4,257 people, 1,599 houses or apartments, and a median cost of homes of $175,891, Hokes Bluff real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hokes Bluff, accounting for 90.57% of the city's housing units. Other types of housing that are prevalent in Hokes Bluff include mobile homes or trailers ( 9.43%).

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 84.93% of Hokes Bluff's homes, and 80.07% 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 ( 37.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.42%). There's also some housing in Hokes Bluff built before 1939 ( 4.38%).

Vacant housing appears to be an issue in Hokes Bluff. Fully 18.50% 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

Hokes Bluff's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hokes Bluff during the period has been just 1.61%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hokes Bluff's appreciation rate, at 4.11%, has been at or slightly above the national average. In the latest quarter, Hokes Bluff's appreciation rate has been 4.05%, which annualizes to a rate of 17.22%.

Importantly, this makes Hokes Bluff one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 
info

Median Home Value:
$175,891

Hokes Bluff, AL HOME PRICES

> $1,161,000
0.5%
0.5%
$871,001 - $1,161,000
0.0%
0.0%
$581,001 - $871,000
1.2%
1.2%
$464,001 - $581,000
1.8%
1.8%
$348,001 - $464,000
3.9%
3.9%
$232,001 - $348,000
17.5%
17.5%
$116,001 - $232,000
45.1%
45.1%
$58,001 - $116,000
21.3%
21.3%
$0 - $58,000
8.7%
8.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for AL

Value Relative To Nation

Number Of Homes And Apartments:
1,599

Hokes Bluff 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
48.23% 1.92%
5
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,015 / per month

Homeownership Rate

Owners
84.9%
84.9%
Renters
15.1%
15.1%
Vacant
18.5%
18.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
14.4%
14.4%
1970 - 1999
44.1%
44.1%
1940 - 1969
37.1%
37.1%
1939 or Older
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
90.6%
90.6%
Townhomes
0.0%
0.0%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
9.4%
9.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
2.2%
2.2%
2 Bedrooms
15.8%
15.8%
3 Bedrooms
71.0%
71.0%
4 Bedrooms
9.1%
9.1%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Hokes Bluff

Zip Codes in Hokes Bluff, AL