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 $167,126, 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.
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 2.62%, which ranks in the top 50% nationwide. This equates to an annual average Hokes Bluff house appreciation rate of 0.26%.
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 0.96%, 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 5.78%, which equates to an annual appreciation rate of 25.19%.
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.
|$783,001 - $1,045,000||0.0|
|$522,001 - $783,000||0.9|
|$418,001 - $522,000||3.1|
|$313,001 - $418,000||3.6|
|$209,001 - $313,000||21.1|
|$104,001 - $209,000||41.5|
|$52,001 - $104,000||18.9|
|$0 - $52,000||10.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 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|