Hunting Valley appreciation rates and housing market information

Hunting Valley housing market information

With 737 people, 318 houses or apartments, and a median cost of homes of $1,299,039, Hunting Valley house prices are not only among the most expensive in Ohio, Hunting Valley real estate also is some of the most expensive in all of America.

Hunting Valley is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hunting Valley than is found in 99.79% of the communities in America.

And, as is not surprising, these large homes are primarily owner-occupied (77.67%).

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. Hunting Valley's housing was primarily built during this period, from the '40s through the '60s. A full 44.65% of the village's housing hails from this era. Other housing ages represented in Hunting Valley include homes built between 1939 and earlier (26.74%), and housing constructed from 1970-1994 (26.41%). There's also some housing in Hunting Valley built between 1995 and later (2.20%).

Vacant housing appears to be an issue in Hunting Valley. Fully 10.07% of the housing stock is classified as vacant. Left unchecked, vacant Hunting Valley homes and apartments can be a drag on the real estate market, holding Hunting Valley 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.

Hunting Valley home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Hunting Valley, where house values have increased just 41.15%, which is an average annual increase of 4.11%. NeighborhoodScout's data show that in the latest quarter, Hunting Valley house values appreciated 2.81%, which is an annualized rate of 11.24%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Hunting Valley home appreciation rates, at 0.47%, have been at or slightly above the national average. In the latest quarter, Hunting Valley's appreciation rate has been 2.81%, which annualizes to a rate of 11.24%.

Importantly, this makes Hunting Valley one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to Ohio, our data show that Hunting Valley's latest annual appreciation rate is higher than 40% of the other cities and towns in Ohio.