Hailey appreciation rates and housing market information

Hailey housing market information

With 8,304 people, 6,394 houses or apartments, and a median cost of homes of $582,490, Hailey house prices are not only among the most expensive in Idaho, Hailey real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Hailey, accounting for 58.24% of the town's housing units. Other types of housing that are prevalent in Hailey include duplexes, homes converted to apartments, or other small apartment buildings (15.34%), large apartment complexes or high rise apartments (11.46%), row houses and other attached homes (9.21%), and a few mobile homes or trailers (5.52%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Hailey. Owner-occupied housing accounts for 47.29% of Hailey's homes, and 56.91% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hailey built from 1970-1994, 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 Hailey built from 1995 and later (19.60%). A lesser amount of the housing stock also hails from 1940-1969 (11.32%), and some were built from 1939 and earlier (11.32%).

Vacant housing appears to be an issue in Hailey. Fully 34.24% of the housing stock is classified as vacant. Left unchecked, vacant Hailey homes and apartments can be a drag on the real estate market, holding Hailey 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.

Hailey home appreciation rates

In the last 10 years, Hailey has experienced some of the highest home appreciation rates of any community in the nation. Hailey real estate appreciated 115.50% over the last ten years, which is an average annual home appreciation rate of 11.55%, putting Hailey in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hailey definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Hailey that despite a nationwide downturn in the housing market, Hailey real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hailey appreciation rates continue to be some of the highest in America, at 2.55%, which is higher than appreciation rates in 70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hailey. Hailey appreciation rates in the latest quarter were at 0.24%, which equates to an annual appreciation rate of 0.96%.

Relative to Idaho, our data show that Hailey's latest annual appreciation rate is higher than 75% of the other cities and towns in Idaho.