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 a population of 3,497, 1,037 total housing units (homes and apartments), and a median house value of $92,645, house prices in Hazlehurst are some of the most affordable in Mississippi as well as the nation.
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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Hazlehurst, where house values have increased just 45.33%, which is annualized rate of 3.81%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Hazlehurst that despite a nationwide downturn in the housing market, Hazlehurst real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hazlehurst appreciation rates continue to be some of the highest in America, at 15.72%, which is higher than appreciation rates in 97.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hazlehurst. Hazlehurst appreciation rates in the latest quarter were at 0.63%, which equates to an annual appreciation rate of 2.56%.
Relative to Mississippi, our data show that Hazlehurst's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.
$92,645
for Mississippi
for nation
1,037
$982 / per month