Hazen, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hazen, ND 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

Hazen Housing Market Information

With a population of 2,488, 1,124 total housing units (homes and apartments), and a median house value of $142,820, Hazen real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hazen, accounting for 72.51% of the city's housing units. Other types of housing that are prevalent in Hazen include large apartment complexes or high rise apartments ( 10.69%), mobile homes or trailers ( 7.42%), and a few row houses and other attached homes ( 5.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hazen. Owner-occupied housing accounts for 82.26% of Hazen's homes, and 56.93% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hazen 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 Hazen built between 1940-1969 ( 20.64%). A lesser amount of the housing stock also hails from before 1939 ( 12.48%). There's also some housing in Hazen built between 2000 and later ( 5.06%).

Hazen Home Appreciation Rates

In the last 10 years, Hazen has experienced some of the highest home appreciation rates of any community in the nation. Hazen real estate appreciated 67.92% over the last ten years, which is an average annual home appreciation rate of 5.32%, putting Hazen in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hazen definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Hazen's appreciation rate, at 3.37%, has been at or slightly above the national average. In the latest quarter, Hazen's appreciation rate has been 3.17%, which annualizes to a rate of 13.29%.

Importantly, this makes Hazen one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to North Dakota, our data show that Hazen's latest annual appreciation rate is lower than 70% of the other cities and towns in North Dakota.

Average Home Values

 

Median Home Value:
$142,820

Hazen, ND HOME PRICES

Value Range
> $1,118,000 0.0
$839,001 - $1,118,000 0.0
$559,001 - $839,000 0.7
$447,001 - $559,000 0.0
$335,001 - $447,000 2.2
$223,001 - $335,000 14.5
$112,001 - $223,000 47.3
$56,001 - $112,000 26.3
$0 - $56,000 9.0

High for ND
Average for Nation

Value Relative to Nation Value Relative to State
53.3985702566506 39.8230088495575

Number Of Homes And Apartments:
1,124

Hazen Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
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
138.49% 5.17% 5 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,162 / per month

Homeownership Rate

Homeownership
Owners 82.26
Renters 17.74
Vacant 8.32

Housing Market Details

 

Age of Homes

AGE OF Hazen HOMES
2000 or Newer 5.1
1970 - 1999 61.8
1940 - 1969 20.6
1939 or Older 12.5

Types of Homes

TYPE OF Hazen HOMES
Single-Family 72.5
Townhomes 5.5
Small Apt. Buildings 3.9
Apt. Complexes 10.7
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF Hazen HOMES
No Bedroom 5.22
1 Bedroom 2.85
2 Bedrooms 29.04
3 Bedrooms 36.46
4 Bedrooms 20.47
5 or more bedrooms 5.95

Popular Neighborhoods in Hazen

Popular Communities Near Hazen, ND

Zip Codes in Hazen, ND