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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 4,301, 1,806 total housing units (homes and apartments), and a median house value of $158,520, 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.
Real estate appreciation rates in Hokes Bluff's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.
Over the last year, Hokes Bluff appreciation rates have trailed the rest of the nation. In the last twelve months, Hokes Bluff's appreciation rate has been -2.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hokes Bluff were at -6.07%, which equates to an annual appreciation rate of -22.14%.
Notably, Hokes Bluff's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Alabama, our data show that Hokes Bluff's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.
|$743,001 - $991,000||0.0|
|$496,001 - $743,000||0.9|
|$396,001 - $496,000||3.1|
|$297,001 - $396,000||3.6|
|$198,001 - $297,000||21.1|
|$99,001 - $198,000||41.5|
|$50,001 - $99,000||18.9|
|$0 - $50,000||10.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Hokes Bluff HOMES|
|2000 or Newer||15.9|
|1970 - 1999||52.5|
|1940 - 1969||26.0|
|1939 or Older||5.6|
|TYPE OF Hokes Bluff HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Hokes Bluff HOMES|
|5 or more bedrooms||0.62|