Hazel Green, Alabama Real Estate & Housing Market

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Hazel Green Housing Information

Index	Hazel Green	Alabama	National
Median home price	$128,200	$128,500	$184,700
Median rent asked	$757	$728	$949
Avg. people per household	2.3	2.5	2.6
Owner occupied households	85.1%	68.5%	63.6%
Renter occupied households	14.9%	31.5%	36.4%

Above is a snapshot look at the real estate market in Hazel Green, AL. In Hazel Green, AL, the median house price is $128,200, making the price equal to that the average for Alabama. Therefore, the affordability of Hazel Green, AL area real estate is more affordable than the real estate in other areas of Alabama. In addition, Hazel Green, AL has a median rent price of $757; this price is 4% higher than that the average rental price for Alabama. 85.1% of residents in Hazel Green, AL are homeowners, and the average amount of people who reside in each home is 2.3. Hazel Green, AL has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Hazel Green, AL real estate for sale.

Hazel Green Home Affordability

When looking for real estate in Hazel Green, AL, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Hazel Green, AL, the median price of a home is $128,200 and $39,566 is the median household income. This means that the home price to income ratio is 3.2x, a ratio that is 13% higher than the average in Alabama. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Hazel Green, AL will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Hazel Green, AL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Flintville, TN	641	$78,400	58%
Ardmore, AL	1,526	$98,800	47%
Park City, TN	2,565	$99,200	46%
New Market, AL	1,201	$129,800	30%
Harvest, AL	5,080	$148,300	20%
Hazel Green, AL	3,188	$128,200	31%

Cities with similar population

City, State	Population	Home Price	National Avg.
Northwest Harbor, NY	3,188	$966,400	423%
Heyburn, ID	3,187	$108,100	41%
Squaw Valley, CA	3,187	$168,000	9%
Melbourne Beach, FL	3,189	$304,600	65%
Boscobel, WI	3,187	$98,000	47%
Hazel Green, AL	3,188	$128,200	31%

Source: The Hazel Green, AL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).