Hazard, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hazard Neighborhoods Since 2000




Hazard, KY Real Estate Data


Hazard Housing Market Information

With 5,341 people, 2,314 houses or apartments, and a median cost of homes of $86,696, house prices in Hazard are solidly below the national average.

Single-family detached homes are the single most common housing type in Hazard, accounting for 49.56% of the city's housing units. Other types of housing that are prevalent in Hazard include large apartment complexes or high rise apartments ( 22.34%), duplexes, homes converted to apartments or other small apartment buildings ( 19.42%), and a few mobile homes or trailers ( 6.00%).

People in Hazard primarily live in small (one, two or no bedroom) single-family detached homes. Hazard has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Hazard 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 Hazard built between 1940-1969 ( 36.21%). A lesser amount of the housing stock also hails from before 1939 ( 15.27%). There's also some housing in Hazard built between 2000 and later ( 5.28%).

Hazard Home Appreciation Rates

Real estate appreciation rates in Hazard's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.19% during the period.

Over the last year, Hazard appreciation rates have trailed the rest of the nation. In the last twelve months, Hazard's appreciation rate has been 1.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hazard were at 1.14%, which equates to an annual appreciation rate of 4.64%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hazard differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hazard - 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 Hazard real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$86,696

Hazard, KY HOME PRICES

Value Range
> $976,000 0.6
$732,001 - $976,000 1.2
$488,001 - $732,000 0.1
$390,001 - $488,000 0.3
$293,001 - $390,000 2.4
$195,001 - $293,000 3.3
$97,001 - $195,000 29.9
$48,001 - $97,000 35.6
$0 - $48,000 26.7

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
87.3338408385548 68.1704260651629

Number Of Homes And Apartments:
2,314

Rent & Ownership

 

Average Market Rent:
$662 / per month

Homeownership Rate

Homeownership
Owners 50.46
Renters 49.54
Vacant 7.51

Housing Market Details

 

Age of Homes

AGE OF Hazard HOMES
2000 or Newer 5.3
1970 - 1999 43.2
1940 - 1969 36.2
1939 or Older 15.3

Types of Homes

TYPE OF Hazard HOMES
Single-Family 49.6
Townhomes 2.7
Small Apt. Buildings 19.4
Apt. Complexes 22.3
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Hazard HOMES
No Bedroom 0.44
1 Bedroom 19.50
2 Bedrooms 31.49
3 Bedrooms 28.66
4 Bedrooms 15.55
5 or more bedrooms 4.36

Hazard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
17.47% 0.95% 1 2
* 10 is highest