Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 55,659, 17,414 total housing units (homes and apartments), and a median house value of $237,820, Hanford real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hanford, accounting for 73.20% of the city's housing units. Other types of housing that are prevalent in Hanford include large apartment complexes or high rise apartments ( 12.90%), duplexes, homes converted to apartments or other small apartment buildings ( 9.80%), and a few mobile homes or trailers ( 2.55%).
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 55.09% owning and 44.91% 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 ( 25.07%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.50%). There's also some housing in Hanford built before 1939 ( 8.58%).
Homes have actually lost value in Hanford over the last then years, as home values have seen a decline of 23.24% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hanford home appreciation rates at -0.80%, which equates to an annual appreciation rate of -3.15%.
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 -0.80%, which annualizes to a rate of -3.15%.
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 80% 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.
|$925,001 - $1,233,000||0.0|
|$617,001 - $925,000||1.6|
|$493,001 - $617,000||1.5|
|$370,001 - $493,000||7.1|
|$247,001 - $370,000||26.0|
|$123,001 - $247,000||43.5|
|$62,001 - $123,000||13.9|
|$0 - $62,000||5.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Hanford HOMES|
|2000 or Newer||18.5|
|1970 - 1999||47.8|
|1940 - 1969||25.1|
|1939 or Older||8.6|
|TYPE OF Hanford HOMES|
|Small Apt. Buildings||9.8|
|SIZE OF Hanford HOMES|
|5 or more bedrooms||3.16|