Hokes Bluff, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q1 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

Hokes Bluff Housing Market Information

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.

Hokes Bluff Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$158,520

Hokes Bluff, AL HOME PRICES

Value Range
> $991,000 0.0
$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

Very High for AL
Average for Nation

Value Relative to Nation Value Relative to State
46.3494667760459 12.75

Number Of Homes And Apartments:
1,806

Hokes Bluff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
18.93% 1.01% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$986 / 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

Popular Neighborhoods in Hokes Bluff

Zip Codes in Hokes Bluff, AL