Hiawatha, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hiawatha, KS 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

Hiawatha Housing Market Information

With a population of 3,095, 1,438 total housing units (homes and apartments), and a median house value of $117,622, house prices in Hiawatha are solidly below the national average.

Single-family detached homes are the single most common housing type in Hiawatha, accounting for 83.01% of the city's housing units. Other types of housing that are prevalent in Hiawatha include large apartment complexes or high rise apartments ( 10.28%), duplexes, homes converted to apartments or other small apartment buildings ( 5.93%).

People in Hiawatha primarily live in small (one, two or no bedroom) single-family detached homes. Hiawatha has a mixture of owner-occupied and renter-occupied housing.

The housing in Hiawatha was primarily built before 1939 ( 41.17%), making the housing stock in Hiawatha some of the oldest overall in America, although there is a range of ages of homes in Hiawatha. The next most important housing age is between 1940-1969 ( 29.26%), followed by between 1970-1999 ( 27.81%). There's also some housing in Hiawatha built between 2000 and later ( 1.75%).

Vacant housing appears to be an issue in Hiawatha. Fully 13.06% of the housing stock is classified as vacant. Left unchecked, vacant Hiawatha homes and apartments can be a drag on the real estate market, holding Hiawatha 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.

Hiawatha Home Appreciation Rates

In the last 10 years, Hiawatha has experienced some of the highest home appreciation rates of any community in the nation. Hiawatha real estate appreciated 18.15% over the last ten years, which is an average annual home appreciation rate of 1.68%, putting Hiawatha in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hiawatha definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Hiawatha that despite a nationwide downturn in the housing market, Hiawatha real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hiawatha appreciation rates continue to be some of the highest in America, at 13.74%, which is higher than appreciation rates in 98.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hiawatha. Hiawatha appreciation rates in the latest quarter were at 1.04%, which equates to an annual appreciation rate of 4.23%.

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

Average Home Values

 

Median Home Value:
$117,622

Hiawatha, KS HOME PRICES

Value Range
> $1,157,000 0.0
$868,001 - $1,157,000 0.0
$579,001 - $868,000 0.0
$463,001 - $579,000 1.3
$347,001 - $463,000 2.6
$231,001 - $347,000 6.1
$116,001 - $231,000 36.5
$58,001 - $116,000 45.2
$0 - $58,000 8.2

High for KS
Low for Nation

Value Relative to Nation Value Relative to State
66.8785890073831 40.0709219858156

Number Of Homes And Apartments:
1,438

Hiawatha Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
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
47.80% 2.29% 6 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$650 / per month

Homeownership Rate

Homeownership
Owners 57.17
Renters 42.83
Vacant 13.06

Housing Market Details

 

Age of Homes

AGE OF Hiawatha HOMES
2000 or Newer 1.8
1970 - 1999 27.8
1940 - 1969 29.3
1939 or Older 41.2

Types of Homes

TYPE OF Hiawatha HOMES
Single-Family 83.0
Townhomes 0.8
Small Apt. Buildings 5.9
Apt. Complexes 10.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hiawatha HOMES
No Bedroom 1.87
1 Bedroom 15.11
2 Bedrooms 32.10
3 Bedrooms 38.09
4 Bedrooms 8.77
5 or more bedrooms 4.05

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Zip Codes in Hiawatha, KS