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 3,497 people, 1,037 houses or apartments, and a median cost of homes of $115,774, house prices in Hazlehurst are solidly below the national average.
Single-family detached homes are the single most common housing type in Hazlehurst, accounting for 86.44% of the city's housing units. Other types of housing that are prevalent in Hazlehurst include duplexes, homes converted to apartments or other small apartment buildings ( 9.42%), mobile homes or trailers ( 3.14%).
The most prevalent building size and type in Hazlehurst are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.91% owning and 40.09% renting.
There is a lot of housing in Hazlehurst 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 Hazlehurst built between 1940-1969 ( 34.26%). A lesser amount of the housing stock also hails from before 1939 ( 6.64%). There's also some housing in Hazlehurst built between 2000 and later ( 2.50%).
Vacant housing appears to be an issue in Hazlehurst. Fully 25.98% of the housing stock is classified as vacant. Left unchecked, vacant Hazlehurst homes and apartments can be a drag on the real estate market, holding Hazlehurst 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.
Appreciation rates for homes in Hazlehurst have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.27%, which ranks in the top 40% nationwide. This equates to an annual average Hazlehurst house appreciation rate of 6.81%.
Over the last year, Hazlehurst appreciation rates have trailed the rest of the nation. In the last twelve months, Hazlehurst's appreciation rate has been 1.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hazlehurst were at 1.33%, which equates to an annual appreciation rate of 5.45%.
Relative to Mississippi, our data show that Hazlehurst's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.
$115,774
for Mississippi
for nation
1,037
$983 / per month