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 5,992, 2,629 total housing units (homes and apartments), and a median house value of $64,694, house prices in Hartford City are some of the most affordable in Indiana as well as the nation.
Single-family detached homes are the single most common housing type in Hartford City, accounting for 68.85% of the city's housing units. Other types of housing that are prevalent in Hartford City include duplexes, homes converted to apartments or other small apartment buildings ( 10.36%), large apartment complexes or high rise apartments ( 9.16%), and a few mobile homes or trailers ( 9.13%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hartford City. Owner-occupied housing accounts for 68.16% of Hartford City's homes, and 52.92% have either three or four bedrooms, which is average sized relative to America.
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. Hartford City's housing was primarily built during this period, from the '40s through the '60s. A full 37.58% of the city's housing hails from this era. Other housing ages represented in Hartford City include homes built between 1970-1999 ( 33.11%) and housing constructed before 1939 ( 24.56%). There's also some housing in Hartford City built between 2000 and later ( 4.75%).
Vacant housing appears to be an issue in Hartford City. Fully 16.70% of the housing stock is classified as vacant. Left unchecked, vacant Hartford City homes and apartments can be a drag on the real estate market, holding Hartford City 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.
Hartford City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hartford City during the period has been just -0.94%, which is lower than 70% of US communities.
Over the last year, Hartford City appreciation rates have trailed the rest of the nation. In the last twelve months, Hartford City's appreciation rate has been 1.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hartford City were at -1.14%, which equates to an annual appreciation rate of -4.49%.
Notably, Hartford City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Hartford City's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.
|$734,001 - $978,000||0.0|
|$489,001 - $734,000||0.0|
|$391,001 - $489,000||0.0|
|$293,001 - $391,000||0.6|
|$195,001 - $293,000||1.0|
|$98,001 - $195,000||11.8|
|$49,001 - $98,000||46.0|
|$0 - $49,000||39.7|
|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 Hartford City HOMES|
|2000 or Newer||4.8|
|1970 - 1999||33.1|
|1940 - 1969||37.6|
|1939 or Older||24.6|
|TYPE OF Hartford City HOMES|
|Small Apt. Buildings||10.4|
|SIZE OF Hartford City HOMES|
|5 or more bedrooms||0.32|