Hanford, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hanford, CA Real Estate Data


Hanford Housing Market Information

With 55,659 people, 17,200 houses or apartments, and a median cost of homes of $205,858, Hanford real estate values are some of the lowest in California, although compared to real estate around the nation, Hanford homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Hanford, accounting for 74.54% of the city's housing units. Other types of housing that are prevalent in Hanford include large apartment complexes or high rise apartments ( 12.66%), duplexes, homes converted to apartments or other small apartment buildings ( 8.87%), and a few mobile homes or trailers ( 2.54%).

The most prevalent building size and type in Hanford are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.45% owning and 43.55% renting.

There is a lot of housing in Hanford built from 1970 to 1999 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 Hanford built between 1940-1969 ( 24.79%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.69%). There's also some housing in Hanford built before 1939 ( 7.18%).

Hanford Home Appreciation Rates

Homes have actually lost value in Hanford over the last then years, as home values have seen a decline of 25.04% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hanford home appreciation rates at 0.41%, which equates to an annual appreciation rate of 1.64%.

NeighborhoodScout's data show that during the latest twelve months, Hanford's appreciation rate, at 5.47%, has been at or slightly above the national average. In the latest quarter, Hanford's appreciation rate has been 0.41%, which annualizes to a rate of 1.64%.

Notably, Hanford's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Hanford's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hanford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hanford - 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 2000, to assist you in making the best Hanford real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$205,858

Hanford, CA HOME PRICES

Value Range
> $1,235,000 0.6
$927,001 - $1,235,000 0.1
$618,001 - $927,000 1.2
$494,001 - $618,000 1.9
$371,001 - $494,000 7.5
$247,001 - $371,000 23.3
$124,001 - $247,000 46.2
$62,001 - $124,000 13.3
$0 - $62,000 5.8

Very Low for CA
High for Nation

Value Relative to Nation Value Relative to State
31.6566141593957 86.7899603698811

Number Of Homes And Apartments:
17,200

Rent & Ownership

 

Average Market Rent:
$1,283 / per month

Homeownership Rate

Homeownership
Owners 56.45
Renters 43.55
Vacant 8.28

Housing Market Details

 

Age of Homes

AGE OF Hanford HOMES
2000 or Newer 18.7
1970 - 1999 49.4
1940 - 1969 24.8
1939 or Older 7.2

Types of Homes

TYPE OF Hanford HOMES
Single-Family 74.5
Townhomes 1.3
Small Apt. Buildings 8.9
Apt. Complexes 12.7
Mobile Homes 2.5
Other 0.1

Home Size

SIZE OF Hanford HOMES
No Bedroom 2.58
1 Bedroom 7.11
2 Bedrooms 22.11
3 Bedrooms 50.35
4 Bedrooms 14.31
5 or more bedrooms 3.54

Hanford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
62.40% 2.89% 3 8
* 10 is highest