Hokes Bluff, AL Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hokes Bluff, AL Housing Market Trends

With a population of 4,257, 1,610 total housing units (homes and apartments), and a median house value of $184,936, Hokes Bluff 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 Hokes Bluff, accounting for 90.98% of the city's housing units. Other types of housing that are prevalent in Hokes Bluff include mobile homes or trailers ( 9.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hokes Bluff. Owner-occupied housing accounts for 87.83% of Hokes Bluff's homes, and 79.89% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hokes Bluff 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 Hokes Bluff built between 1940-1969 ( 34.35%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.21%). There's also some housing in Hokes Bluff built before 1939 ( 2.27%).

Vacant housing appears to be an issue in Hokes Bluff. Fully 15.04% of the housing stock is classified as vacant. Left unchecked, vacant Hokes Bluff homes and apartments can be a drag on the real estate market, holding Hokes Bluff 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.

Hokes Bluff Home Appreciation Rates

Hokes Bluff's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hokes Bluff during the period has been just 2.44%, which is lower than 70% of US communities.

Over the last year, Hokes Bluff appreciation rates have trailed the rest of the nation. In the last twelve months, Hokes Bluff's appreciation rate has been 6.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hokes Bluff were at 4.25%, which equates to an annual appreciation rate of 18.11%.

Importantly, this makes Hokes Bluff 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 Alabama, our data show that Hokes Bluff's latest annual appreciation rate is lower than 70% of the other cities and towns in Alabama.

Average Home Values

 

Median Home Value:
$184,936

Hokes Bluff, AL HOME PRICES

> $1,211,000
0.5%
0.5%
$908,001 - $1,211,000
0.0%
0.0%
$606,001 - $908,000
1.3%
1.3%
$484,001 - $606,000
1.6%
1.6%
$363,001 - $484,000
2.6%
2.6%
$242,001 - $363,000
19.2%
19.2%
$121,001 - $242,000
48.6%
48.6%
$61,001 - $121,000
18.3%
18.3%
$0 - $61,000
7.9%
7.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for AL

Value Relative To Nation

Number Of Homes And Apartments:
1,610

Hokes Bluff Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
AL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
58.63% 2.17%
5
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,153 / per month

Homeownership Rate

Owners
87.8%
87.8%
Renters
12.2%
12.2%
Vacant
15.0%
15.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
18.2%
18.2%
1970 - 1999
45.2%
45.2%
1940 - 1969
34.4%
34.4%
1939 or Older
2.3%
2.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.0%
91.0%
Townhomes
0.0%
0.0%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
9.0%
9.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
1.8%
1.8%
2 Bedrooms
15.9%
15.9%
3 Bedrooms
68.0%
68.0%
4 Bedrooms
11.9%
11.9%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Hokes Bluff

Zip Codes in Hokes Bluff, AL