Hazel Green, AL—35750
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hazel Green, AL
As of Oct '25, the median home price in Hazel Green, AL is $252,000, with a year-over-year change of -1.2%. This indicates that home prices in Hazel Green, AL are decreasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $252,000 | -1.2% |
| Single Family | $252,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $261,000 | 0.4% |
4 Bed | $324,000 | -0.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hazel Green, AL
As of July '25, Rentcast reports the average rent in Hazel Green, AL is $1,740, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Hazel Green, AL is studios: $300, 1-bedrooms: $1,500, 2-bedrooms: $1,150, 3-bedrooms: $1,630, 4-bedrooms: $2,000. The most common rental property sizes in Hazel Green, AL are 3-bedroom and 2-bedroom, accounting for 51.6% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $1,740 |
| Studio Rent | $300 | $300 |
| 1 Bed Rent | $1,500 | $1,500 |
| 2 Bed Rent | $1,100 | $1,150 |
| 3 Bed Rent | $1,650 | $1,630 |
| 4 Bed Rent | $1,980 | $2,000 |
% of Rental Stock
Property Listings — Hazel Green, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Hazel Green, AL is 67. This is a increase of 9.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $317,000 | 7.0% |
Listing Count | 105 | 32.0% |
| Listings as % of Homes | 1.0% | 32.0% |
Days on Market | 67 | 9.0% |
Demographics — Hazel Green, AL
As of the latest ACS Survey released in 2023, Hazel Green, AL has a population of 13,600, which has increased by 10.3% over the past 5 years. Hazel Green, AL is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,600 | 10.3% |
% Under 18 | 22.5% | 9.8% |
% Seniors | 14.9% | 2.8% |
% WFH | 6.1% | 369.2% |
% w/ College Degree | 29.3% | 45.0% |
As of the latest ACS Survey released in 2023, Hazel Green, AL is a predominantly white area, with 71.1% of the population identifying as white. The white population has shrunk by 18.7% in the last 5 years. The second most common race or ethnicity in Hazel Green, AL is black, making up 18.6% of the population. Foreign-born residents account for 3.5% of the population in Hazel Green, AL, and this percentage has increased by 169.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.1% | -18.7% |
% Black | 18.6% | 158.3% |
% Hispanic | 2.0% | 100.0% |
% Asian | 4.7% | 422.2% |
% Foreign Born | 3.5% | 169.2% |
Mortgage and Risk — Hazel Green, AL
According to HUD data as of 2023, there were 479 mortgage originations in Hazel Green, AL, of which 56.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Hazel Green, AL. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 479 |
% Conventional Loans | 56.0% |
% Government Loans | 44.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Hazel Green, AL
As of 2024, the percent of homes in Hazel Green, AL under the Section 8 program is 0.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Hazel Green, AL, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$450 | $1,500 | $1,050 |
| 2 Bedroom | $120 | $1,100 | $1,220 |
| 3 Bedroom | -$80 | $1,650 | $1,570 |
| 4 Bedroom | -$60 | $1,980 | $1,920 |
Affordability — Hazel Green, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $252,000 |
| Median Household Income | $78,600 |