Hazelwood, MO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hazelwood, MO 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

Hazelwood Housing Market Information

With a population of 25,661, 10,760 total housing units (homes and apartments), and a median house value of $113,943, house prices in Hazelwood are solidly below the national average.

Single-family detached homes are the single most common housing type in Hazelwood, accounting for 63.06% of the city's housing units. Other types of housing that are prevalent in Hazelwood include large apartment complexes or high rise apartments ( 25.41%), row houses and other attached homes ( 5.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.60%).

The most prevalent building size and type in Hazelwood are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.06% owning and 38.94% renting.

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. Hazelwood's housing was primarily built during this period, from the '40s through the '60s. A full 54.87% of the city's housing hails from this era. Other housing ages represented in Hazelwood include homes built between 1970-1999 ( 39.56%) and housing constructed between 2000 and later ( 4.03%). There's also some housing in Hazelwood built before 1939 ( 1.54%).

Hazelwood Home Appreciation Rates

Homes have actually lost value in Hazelwood over the last then years, as home values have seen a decline of 24.48% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hazelwood home appreciation rates at 1.03%, which equates to an annual appreciation rate of 4.19%.

Appreciation rates are so strong in Hazelwood that despite a nationwide downturn in the housing market, Hazelwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hazelwood appreciation rates continue to be some of the highest in America, at 5.58%, which is higher than appreciation rates in 70.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hazelwood. Hazelwood appreciation rates in the latest quarter were at 1.03%, which equates to an annual appreciation rate of 4.19%.

Relative to Missouri, our data show that Hazelwood's latest annual appreciation rate is higher than 80% of the other cities and towns in Missouri.

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

Average Home Values

 

Median Home Value:
$113,943

Hazelwood, MO HOME PRICES

Value Range
> $1,087,000 0.0
$815,001 - $1,087,000 0.0
$543,001 - $815,000 0.0
$435,001 - $543,000 0.3
$326,001 - $435,000 1.2
$217,001 - $326,000 9.4
$109,001 - $217,000 42.8
$54,001 - $109,000 37.8
$0 - $54,000 8.4

Average for MO
Low for Nation

Value Relative to Nation Value Relative to State
68.9616781905543 58.6

Number Of Homes And Apartments:
10,760

Hazelwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MO*
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
5.56% 0.31% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,087 / per month

Homeownership Rate

Homeownership
Owners 61.06
Renters 38.94
Vacant 5.72

Housing Market Details

 

Age of Homes

AGE OF Hazelwood HOMES
2000 or Newer 4.0
1970 - 1999 39.6
1940 - 1969 54.9
1939 or Older 1.5

Types of Homes

TYPE OF Hazelwood HOMES
Single-Family 63.1
Townhomes 5.8
Small Apt. Buildings 4.6
Apt. Complexes 25.4
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Hazelwood HOMES
No Bedroom 1.41
1 Bedroom 13.14
2 Bedrooms 22.47
3 Bedrooms 51.10
4 Bedrooms 10.44
5 or more bedrooms 1.44