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 about Scout's Real Estate Data
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'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 for Nation
Very High for AL