Hutchinson appreciation rates and housing market information

Hutchinson housing market information

With 40,737 people, 17,678 houses or apartments, and a median cost of homes of $102,815, house prices in Hutchinson are solidly below the national average.

single-family detached homes are the single most common housing type in Hutchinson, accounting for 75.21% of the city's housing units. Other types of housing that are prevalent in Hutchinson include duplexes, homes converted to apartments, or other small apartment buildings (10.05%), large apartment complexes or high rise apartments (8.65%), mobile homes or trailers (3.12%), and a few row houses and other attached homes (2.91%).

People in Hutchinson primarily live in small (one, two, or no bedroom) single-family detached homes. Hutchinson has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hutchinson's housing was primarily built during this period, from the '40s through the '60s. A full 43.14% of the city's housing hails from this era. Other housing ages represented in Hutchinson include homes built between 1939 and earlier (30.57%), and housing constructed from 1970-1994 (21.73%). There's also some housing in Hutchinson built between 1995 and later (4.56%).

Hutchinson home appreciation rates

Hutchinson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hutchinson during the period has been just 5.93%, which is lower than % of US communities.

Appreciation rates are so strong in Hutchinson that despite a nationwide downturn in the housing market, Hutchinson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hutchinson appreciation rates continue to be some of the highest in America, at 4.92%, which is higher than appreciation rates in 89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hutchinson. Hutchinson appreciation rates in the latest quarter were at 1.24%, which equates to an annual appreciation rate of 4.96%.

Relative to Kansas, our data show that Hutchinson's latest annual appreciation rate is higher than 66% of the other cities and towns in Kansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hutchinson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hutchinson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Hutchinson real estate investment or home purchase decisions.