Hull, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hull Neighborhoods Since 2000




Hull, MA 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

Hull Housing Market Information

With 10,491 people, 4,892 houses or apartments, and a median cost of homes of $415,867, real estate costs in Hull are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Hull, accounting for 65.90% of the town's housing units. Other types of housing that are prevalent in Hull include large apartment complexes or high rise apartments ( 19.57%), duplexes, homes converted to apartments or other small apartment buildings ( 11.00%), and a few row houses and other attached homes ( 3.53%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hull. Owner-occupied housing accounts for 71.65% of Hull's homes, and 49.52% have either three or four bedrooms, which is average sized relative to America.

The housing in Hull was primarily built before 1939 ( 45.37%), making the housing stock in Hull some of the oldest overall in America, although there is a range of ages of homes in Hull. The next most important housing age is between 1940-1969 ( 28.01%), followed by between 1970-1999 ( 20.80%). There's also some housing in Hull built between 2000 and later ( 5.82%).

Vacant housing appears to be an issue in Hull. Fully 16.46% of the housing stock is classified as vacant. Left unchecked, vacant Hull homes and apartments can be a drag on the real estate market, holding Hull 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.

Hull Home Appreciation Rates

Appreciation rates for homes in Hull have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.31%, which ranks in the top 50% nationwide. This equates to an annual average Hull house appreciation rate of 0.23%.

NeighborhoodScout's data show that during the latest twelve months, Hull's appreciation rate, at 5.15%, has been at or slightly above the national average. In the latest quarter, Hull's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

Relative to Massachusetts, our data show that Hull's latest annual appreciation rate is higher than 60% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$415,867

Hull, MA HOME PRICES

Value Range
> $1,169,000 2.6
$877,001 - $1,169,000 5.3
$584,001 - $877,000 17.7
$467,001 - $584,000 11.0
$351,001 - $467,000 26.9
$234,001 - $351,000 28.8
$117,001 - $234,000 3.6
$58,001 - $117,000 0.2
$0 - $58,000 4.0

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
8.68393296613149 38.7820512820513

Number Of Homes And Apartments:
4,892

Hull Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
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
63.93% 2.91% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,770 / per month

Homeownership Rate

Homeownership
Owners 71.65
Renters 28.35
Vacant 16.46

Housing Market Details

 

Age of Homes

AGE OF Hull HOMES
2000 or Newer 5.8
1970 - 1999 20.8
1940 - 1969 28.0
1939 or Older 45.4

Types of Homes

TYPE OF Hull HOMES
Single-Family 65.9
Townhomes 3.5
Small Apt. Buildings 11.0
Apt. Complexes 19.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hull HOMES
No Bedroom 1.37
1 Bedroom 11.95
2 Bedrooms 30.79
3 Bedrooms 30.87
4 Bedrooms 18.65
5 or more bedrooms 6.37