Hazard, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hazard Neighborhoods Since 2000




Hazard, KY 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

Hazard Housing Market Information

With 5,341 people, 2,230 houses or apartments, and a median cost of homes of $74,607, house prices in Hazard are some of the most affordable in Kentucky as well as the nation.

Single-family detached homes are the single most common housing type in Hazard, accounting for 51.12% of the city's housing units. Other types of housing that are prevalent in Hazard include large apartment complexes or high rise apartments ( 24.85%), duplexes, homes converted to apartments or other small apartment buildings ( 15.00%), and a few mobile homes or trailers ( 6.01%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hazard's housing was primarily built during this period, from the '40s through the '60s. A full 40.13% of the city's housing hails from this era. Other housing ages represented in Hazard include homes built between 1970-1999 ( 38.62%) and housing constructed before 1939 ( 16.67%). There's also some housing in Hazard built between 2000 and later ( 4.58%).

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 -0.60% 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 -1.81%, 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 0.56%, which equates to an annual appreciation rate of 2.24%.

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:
$74,607

Hazard, KY HOME PRICES

Value Range
> $898,000 0.2
$673,001 - $898,000 0.2
$449,001 - $673,000 0.1
$359,001 - $449,000 0.7
$269,001 - $359,000 2.5
$179,001 - $269,000 2.5
$90,001 - $179,000 31.2
$45,001 - $90,000 32.9
$0 - $45,000 29.8

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
93.3376303761866 80.2005012531328

Number Of Homes And Apartments:
2,230

Hazard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
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
9.80% 0.54% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$708 / per month

Homeownership Rate

Homeownership
Owners 51.01
Renters 48.99
Vacant 8.87

Housing Market Details

 

Age of Homes

AGE OF Hazard HOMES
2000 or Newer 4.6
1970 - 1999 38.6
1940 - 1969 40.1
1939 or Older 16.7

Types of Homes

TYPE OF Hazard HOMES
Single-Family 51.1
Townhomes 3.0
Small Apt. Buildings 15.0
Apt. Complexes 24.8
Mobile Homes 6.0
Other 0.0

Home Size

SIZE OF Hazard HOMES
No Bedroom 1.35
1 Bedroom 18.35
2 Bedrooms 32.98
3 Bedrooms 28.93
4 Bedrooms 14.34
5 or more bedrooms 4.05