The housing market in Ozark continues to see strong price appreciation, with values up 48.2% compared to last year. Home prices have increased 20.5% in the past month alone. With 6.0 months of supply, Ozark's inventory levels remain relatively tight. Sales volume is down 53% compared to seasonal expectations. A significant 28.6% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 14.3% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Ozark market with the affordability index at 98.4. Looking ahead, the Ozark market is expected to maintain its current trajectory with relatively stable conditions.
Ozark, AL has a total population of 15,618 residents. The area is predominantly White (56.5%), African American residents comprise 28.7% of the community. This creates a relatively diverse demographic makeup for the area. As a smaller community, Ozark, AL offers a close-knit residential environment.
Crime analysis for Ozark, AL shows 141 total incidents across all categories. The most prevalent crime type is Property Crime (58.9% of all incidents). This is followed by Assault at 33.3%. The crime rate in Ozark, AL is relatively low, with violent crimes being more common than property crimes. This suggests Ozark, AL is generally a safe area for residents and visitors.
Market predictions for Ozark, AL show an upward trend in home prices, with values increasing by 2.9%. This suggests a gradual price adjustment in the market. The current median home price in Ozark, AL is approximately $216,410.125. The stable price trend suggests a balanced market in Ozark, AL, suitable for both buyers and sellers.
Ozark, AL features 1 investment hotspots with varying levels of activity. The average nightly rate of $117 suggests an affordable market for travelers. The average rating of 3.5/5 indicates moderate guest satisfaction. The moderate average hotspot score of 0.59 suggests mixed investment potential. With only 3 hotels, this represents an emerging market with potential for growth.
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