Hanford, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hanford Neighborhoods Since 2000




Hanford, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hanford Housing Market Information

With 55,659 people, 17,414 houses or apartments, and a median cost of homes of $246,624, 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%).

Hanford Home Appreciation Rates

Homes have actually lost value in Hanford over the last then years, as home values have seen a decline of 17.18% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hanford home appreciation rates at 4.27%, which equates to an annual appreciation rate of 18.21%.

Appreciation rates are so strong in Hanford that despite a nationwide downturn in the housing market, Hanford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hanford appreciation rates continue to be some of the highest in America, at 9.36%, which is higher than appreciation rates in 89.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hanford. Hanford appreciation rates in the latest quarter were at 4.27%, which equates to an annual appreciation rate of 18.21%.

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

Relative to California, our data show that Hanford's latest annual appreciation rate is higher than 60% 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:
$246,624

Hanford, CA HOME PRICES

Value Range
> $1,279,000 0.7
$959,001 - $1,279,000 0.0
$639,001 - $959,000 1.6
$512,001 - $639,000 1.5
$384,001 - $512,000 7.1
$256,001 - $384,000 26.0
$128,001 - $256,000 43.5
$64,001 - $128,000 13.9
$0 - $64,000 5.6

Low for CA
High for Nation

Value Relative to Nation Value Relative to State
24.0704959306751 78.968253968254

Number Of Homes And Apartments:
17,414

Hanford Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
73.44% 3.20% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,410 / per month

Homeownership Rate

Homeownership
Owners 55.09
Renters 44.91
Vacant 7.22

Housing Market Details

 

Age of Homes

AGE OF Hanford HOMES
2000 or Newer 18.5
1970 - 1999 47.8
1940 - 1969 25.1
1939 or Older 8.6

Types of Homes

TYPE OF Hanford HOMES
Single-Family 73.2
Townhomes 1.5
Small Apt. Buildings 9.8
Apt. Complexes 12.9
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Hanford HOMES
No Bedroom 3.29
1 Bedroom 7.34
2 Bedrooms 23.54
3 Bedrooms 47.94
4 Bedrooms 14.73
5 or more bedrooms 3.16