Hockessin, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hockessin Neighborhoods Since 2000




Hockessin, DE 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 Q1 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

Hockessin Housing Market Information

With 13,883 people, 4,718 houses or apartments, and a median cost of homes of $417,622, Hockessin house prices are not only among the most expensive in Delaware, Hockessin real estate also is some of the most expensive in all of America.

Hockessin is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Hockessin than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hockessin. Owner-occupied housing accounts for 86.91% of Hockessin's homes, and 77.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hockessin 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 Hockessin built between 1940-1969 ( 17.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.00%). There's also some housing in Hockessin built before 1939 ( 4.50%).

Hockessin Home Appreciation Rates

Hockessin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hockessin during the period has been just -0.96%, which is lower than 70% of US communities.

Over the last year, Hockessin appreciation rates have trailed the rest of the nation. In the last twelve months, Hockessin's appreciation rate has been -0.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hockessin were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to Delaware, our data show that Hockessin's latest annual appreciation rate is lower than 90% of the other cities and towns in Delaware.

Average Home Values

 

Median Home Value:
$417,622

Hockessin, DE HOME PRICES

Value Range
> $1,055,000 0.9
$791,001 - $1,055,000 2.8
$528,001 - $791,000 17.5
$422,001 - $528,000 24.4
$317,001 - $422,000 31.8
$211,001 - $317,000 17.8
$105,001 - $211,000 3.2
$53,001 - $105,000 0.1
$0 - $53,000 1.5

Very High for DE
Very High for Nation

Value Relative to Nation Value Relative to State
8.60189851166061 15.9090909090909

Number Of Homes And Apartments:
4,718

Hockessin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
50.52% 2.40% 5 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,320 / per month

Homeownership Rate

Homeownership
Owners 86.91
Renters 13.09
Vacant 2.06

Housing Market Details

 

Age of Homes

AGE OF Hockessin HOMES
2000 or Newer 12.0
1970 - 1999 66.0
1940 - 1969 17.5
1939 or Older 4.5

Types of Homes

TYPE OF Hockessin HOMES
Single-Family 86.7
Townhomes 3.9
Small Apt. Buildings 0.7
Apt. Complexes 8.0
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Hockessin HOMES
No Bedroom 1.49
1 Bedroom 1.39
2 Bedrooms 6.60
3 Bedrooms 20.80
4 Bedrooms 56.72
5 or more bedrooms 13.00