Hazard, KY Foreclosed Homes & Properties

Foreclosure Homes for Sale in Hazard, KY: What You Need to Know

Though Hazard is the county seat of Kentucky’s Perry County, the city easily maintains a relaxed, small-town feel with under 5,000 residents as of the 2010 census. Hazard offers its residents a peaceful existence and an incredibly close-knit community.

Local History in Hazard

Both the city of Hazard and Perry County were named for Commodore Oliver Hazard Perry, a well-respected leader in the War of 1812’s Battle of Lake Erie in 1813. For many years after its creation, Hazard was isolated by the mountains that surrounded it until the railroad was built in the area in 1912, connecting it to surrounding towns. Hazard’s population today is lower than it was in the early 20th century, but the city has seen several significant developments since 1950 in both the residential and commercial sectors. 

Population and Demographics

Hazard was found to be home to 4,456 residents as of the 2010 census, but a 2019 estimate found the population to be closer to 4,860. There are 2,291 housing units in the city which includes family homes, apartments, condos, and townhomes. Of the 1,946 households in Hazard, around 30% have children under 18 and around 32% were made up solely of individuals. The median age in Hazard is 39 years old. 

Cost of Living in Hazard

The median cost of a home in Hazard is $136,400 compared to the U.S. average of $231,200, making it one of the more affordable cities in the country. New residents in the area can find a studio, 1-bedroom, or 2-bedroom apartment between $443 and $618 within the city center. Additionally, everyday costs such as local transportation and groceries are lower than the national average in Hazard. 

Shopping Local

Hazard is home to several popular shopping malls with an eclectic mix of retail, boutique, and discount stores including Hazard Village Shopping Center, Hazard Vendors Mall, and Black Gold Plaza. For affordable groceries, medications, and household items, residents have their pick of several local institutions including United Grocery Outlet, Food City, and Save A Lot. 

Weather and Climate 

Hazard residents enjoy white winters with around 14 inches of snow reported every year. The city receives around 170 days of sun each year with 135 days of some kind of precipitation, be it rain, sleet, hail, or snow. The July high is relatively mild at around 86ºF and winters are known to dip as low as 24ºF.