Hazlehurst, MS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hazlehurst Neighborhoods Since 2000




Hazlehurst, MS 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

Hazlehurst Housing Market Information

With 3,924 people, 1,212 houses or apartments, and a median cost of homes of $94,540, the cost of homes in Hazlehurst is among some of the lowest in the nation. Compared to Mississippi, however, Hazlehurst real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Hazlehurst, accounting for 87.12% 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 ( 7.70%), large apartment complexes or high rise apartments ( 2.66%), and a few mobile homes or trailers ( 1.64%).

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 57.27% owning and 42.73% 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 ( 40.01%). A lesser amount of the housing stock also hails from before 1939 ( 14.18%). There's also some housing in Hazlehurst built between 2000 and later ( 4.64%).

Vacant housing appears to be an issue in Hazlehurst. Fully 17.38% 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.

Hazlehurst Home Appreciation Rates

In the last 10 years, Hazlehurst has experienced some of the highest home appreciation rates of any community in the nation. Hazlehurst real estate appreciated 14.83% over the last ten years, which is an average annual home appreciation rate of 1.39%, putting Hazlehurst in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hazlehurst definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 -1.63%, 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 -0.74%, which equates to an annual appreciation rate of -2.93%.

Notably, Hazlehurst's appreciation rate in the latest quarter is one of the lowest in America.

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.

Average Home Values

 

Median Home Value:
$94,540

Hazlehurst, MS HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 0.5
$530,001 - $795,000 0.0
$424,001 - $530,000 0.0
$318,001 - $424,000 0.1
$212,001 - $318,000 12.1
$106,001 - $212,000 30.7
$53,001 - $106,000 32.2
$0 - $53,000 24.3

Average for MS
Very Low for Nation

Value Relative to Nation Value Relative to State
81.0676198288996 44.0816326530612

Number Of Homes And Apartments:
1,212

Hazlehurst Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MS*
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
47.99% 2.30% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$834 / per month

Homeownership Rate

Homeownership
Owners 57.27
Renters 42.73
Vacant 17.38

Housing Market Details

 

Age of Homes

AGE OF Hazlehurst HOMES
2000 or Newer 4.6
1970 - 1999 41.2
1940 - 1969 40.0
1939 or Older 14.2

Types of Homes

TYPE OF Hazlehurst HOMES
Single-Family 87.1
Townhomes 0.9
Small Apt. Buildings 7.7
Apt. Complexes 2.7
Mobile Homes 1.6
Other 0.0

Home Size

SIZE OF Hazlehurst HOMES
No Bedroom 1.43
1 Bedroom 9.82
2 Bedrooms 18.34
3 Bedrooms 53.85
4 Bedrooms 15.41
5 or more bedrooms 1.16

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Zip Codes in Hazlehurst, MS