Hutchinson, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hutchinson, MN 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

Hutchinson Housing Market Information

With a population of 13,913, 6,024 total housing units (homes and apartments), and a median house value of $157,145, Hutchinson 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 Hutchinson, accounting for 56.98% of the city's housing units. Other types of housing that are prevalent in Hutchinson include large apartment complexes or high rise apartments ( 21.11%), duplexes, homes converted to apartments or other small apartment buildings ( 9.56%), and a few row houses and other attached homes ( 9.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hutchinson. Owner-occupied housing accounts for 65.17% of Hutchinson's homes, and 50.29% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hutchinson 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 Hutchinson built between 1940-1969 ( 26.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.33%). There's also some housing in Hutchinson built before 1939 ( 9.96%).

Hutchinson Home Appreciation Rates

Hutchinson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hutchinson during the period has been just -1.46%, which is lower than 80% of US communities.

Over the last year, Hutchinson appreciation rates have trailed the rest of the nation. In the last twelve months, Hutchinson's appreciation rate has been 2.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hutchinson were at -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Minnesota, our data show that Hutchinson's latest annual appreciation rate is lower than 80% of the other cities and towns in Minnesota.

Average Home Values

 

Median Home Value:
$157,145

Hutchinson, MN HOME PRICES

Value Range
> $1,105,000 0.1
$828,001 - $1,105,000 0.0
$553,001 - $828,000 0.5
$442,001 - $553,000 0.8
$331,001 - $442,000 4.6
$221,001 - $331,000 13.0
$110,001 - $221,000 60.4
$55,001 - $110,000 14.7
$0 - $55,000 5.9

Low for MN
Average for Nation

Value Relative to Nation Value Relative to State
46.9764443923591 62.217659137577

Number Of Homes And Apartments:
6,024

Hutchinson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
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
18.65% 1.00% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$862 / per month

Homeownership Rate

Homeownership
Owners 65.17
Renters 34.83
Vacant 3.74

Housing Market Details

 

Age of Homes

AGE OF Hutchinson HOMES
2000 or Newer 14.3
1970 - 1999 48.8
1940 - 1969 26.9
1939 or Older 10.0

Types of Homes

TYPE OF Hutchinson HOMES
Single-Family 57.0
Townhomes 9.3
Small Apt. Buildings 9.6
Apt. Complexes 21.1
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Hutchinson HOMES
No Bedroom 1.07
1 Bedroom 11.36
2 Bedrooms 32.53
3 Bedrooms 33.84
4 Bedrooms 16.44
5 or more bedrooms 4.75

Popular Neighborhoods in Hutchinson

Zip Codes in Hutchinson, MN