Ozark, AL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ozark Neighborhoods Since 2000




Ozark, 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

Ozark Housing Market Information

With a population of 14,719, 6,033 total housing units (homes and apartments), and a median house value of $98,958, house prices in Ozark are solidly below the national average.

Single-family detached homes are the single most common housing type in Ozark, accounting for 75.29% of the city's housing units. Other types of housing that are prevalent in Ozark include duplexes, homes converted to apartments or other small apartment buildings ( 11.09%), large apartment complexes or high rise apartments ( 7.20%), and a few mobile homes or trailers ( 5.06%).

The most prevalent building size and type in Ozark are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.96% owning and 37.04% renting.

There is a lot of housing in Ozark 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 Ozark built between 1940-1969 ( 30.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.78%). There's also some housing in Ozark built before 1939 ( 5.41%).

Vacant housing appears to be an issue in Ozark. Fully 15.00% of the housing stock is classified as vacant. Left unchecked, vacant Ozark homes and apartments can be a drag on the real estate market, holding Ozark 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.

Ozark Home Appreciation Rates

Ozark's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ozark during the period has been just -1.07%, which is lower than 70% of US communities.

Over the last year, Ozark appreciation rates have trailed the rest of the nation. In the last twelve months, Ozark's appreciation rate has been -3.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ozark were at 0.55%, which equates to an annual appreciation rate of 2.22%.

Relative to Alabama, our data show that Ozark's latest annual appreciation rate is lower than 90% of the other cities and towns in Alabama.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ozark differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ozark - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ozark real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$98,958

Ozark, AL HOME PRICES

Value Range
> $981,000 0.4
$735,001 - $981,000 0.0
$490,001 - $735,000 0.7
$392,001 - $490,000 0.6
$294,001 - $392,000 2.7
$196,001 - $294,000 8.1
$98,001 - $196,000 30.3
$49,001 - $98,000 39.7
$0 - $49,000 17.5

Average for AL
Low for Nation

Value Relative to Nation Value Relative to State
78.2550099613266 57.25

Number Of Homes And Apartments:
6,033

Ozark 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
12.31% 0.68% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 62.96
Renters 37.04
Vacant 15.00

Housing Market Details

 

Age of Homes

AGE OF Ozark HOMES
2000 or Newer 7.8
1970 - 1999 56.2
1940 - 1969 30.7
1939 or Older 5.4

Types of Homes

TYPE OF Ozark HOMES
Single-Family 75.3
Townhomes 1.4
Small Apt. Buildings 11.1
Apt. Complexes 7.2
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Ozark HOMES
No Bedroom 1.06
1 Bedroom 9.06
2 Bedrooms 21.13
3 Bedrooms 55.89
4 Bedrooms 11.13
5 or more bedrooms 1.73