Hobart, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hobart Neighborhoods Since 2000




Hobart, IN 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

Hobart Housing Market Information

With 28,404 people, 11,590 houses or apartments, and a median cost of homes of $143,347, Hobart real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Hobart, accounting for 75.29% of the city's housing units. Other types of housing that are prevalent in Hobart include large apartment complexes or high rise apartments ( 14.71%), row houses and other attached homes ( 4.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hobart. Owner-occupied housing accounts for 72.90% of Hobart's homes, and 62.64% 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. Hobart's housing was primarily built during this period, from the '40s through the '60s. A full 42.28% of the city's housing hails from this era. Other housing ages represented in Hobart include homes built between 1970-1999 ( 30.04%) and housing constructed between 2000 and later ( 14.74%). There's also some housing in Hobart built before 1939 ( 12.94%).

Hobart Home Appreciation Rates

Real estate appreciation rates in Hobart's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.32% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hobart's appreciation rate, at 3.32%, has been at or slightly above the national average. In the latest quarter, Hobart's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Indiana, our data show that Hobart's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

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

Average Home Values

 

Median Home Value:
$143,347

Hobart, IN HOME PRICES

Value Range
> $1,072,000 0.0
$804,001 - $1,072,000 0.4
$536,001 - $804,000 0.2
$429,001 - $536,000 0.3
$322,001 - $429,000 1.4
$214,001 - $322,000 10.9
$107,001 - $214,000 63.2
$54,001 - $107,000 18.9
$0 - $54,000 4.6

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
53.099730458221 32.3529411764706

Number Of Homes And Apartments:
11,590

Hobart Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
16.75% 0.90% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,116 / per month

Homeownership Rate

Homeownership
Owners 72.90
Renters 27.10
Vacant 5.74

Housing Market Details

 

Age of Homes

AGE OF Hobart HOMES
2000 or Newer 14.7
1970 - 1999 30.0
1940 - 1969 42.3
1939 or Older 12.9

Types of Homes

TYPE OF Hobart HOMES
Single-Family 75.3
Townhomes 4.4
Small Apt. Buildings 3.7
Apt. Complexes 14.7
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Hobart HOMES
No Bedroom 1.22
1 Bedroom 9.03
2 Bedrooms 25.67
3 Bedrooms 47.84
4 Bedrooms 14.79
5 or more bedrooms 1.45