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Hazel Green

Learn about the people, housing, costs and businesses in Hazel Green, Alabama

Median Home$233,600
Median Rent$967/month
Population3,495
Leading IndustriesRetail · Arts, Food & Hospitality19% retail
Home Value Growth⬆⬆+11.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners89% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableHighly Educated26% hold a bachelor's degree · top 16% nationally
Hazel Green
AL

Frequently Asked Questions

What are today's mortgage rates in Hazel Green?

As of today, the 30-year fixed mortgage rate for Hazel Green is approximately 6.967% (7.006% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hazel Green?

The median home value in Hazel Green is $234k. The median monthly rent is $967. Annual property taxes average $579. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hazel Green?

Home values in Hazel Green have increased 11.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hazel Green?

Based on a typical all-in ownership cost of $877/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hazel Green is $86k/year.

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What industries drive the economy in Hazel Green?

The largest employment sectors in Hazel Green are retail (19%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.