Hutchinson, MN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hutchinson, MN Real Estate Data


Hutchinson Housing Market Information

With a population of 13,913, 5,979 total housing units (homes and apartments), and a median house value of $166,202, 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 58.13% of the city's housing units. Other types of housing that are prevalent in Hutchinson include large apartment complexes or high rise apartments ( 20.47%), duplexes, homes converted to apartments or other small apartment buildings ( 9.24%), and a few row houses and other attached homes ( 9.15%).

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 66.45% of Hutchinson's homes, and 49.27% 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 ( 25.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.02%). There's also some housing in Hutchinson built before 1939 ( 10.76%).

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 -1.12%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hutchinson's appreciation rate, at 5.28%, has been at or slightly above the national average. In the latest quarter, Hutchinson's appreciation rate has been 1.73%, which annualizes to a rate of 7.09%.

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

Average Home Values

 

Median Home Value:
$166,202

Hutchinson, MN HOME PRICES

Value Range
> $1,148,000 0.1
$861,001 - $1,148,000 0.0
$574,001 - $861,000 0.4
$459,001 - $574,000 0.7
$345,001 - $459,000 4.3
$230,001 - $345,000 14.1
$115,001 - $230,000 60.9
$58,001 - $115,000 14.0
$0 - $58,000 5.5

Average for MN
Average for Nation

Value Relative to Nation Value Relative to State
44.2466475376237 59.958932238193

Number Of Homes And Apartments:
5,979

Rent & Ownership

 

Average Market Rent:
$843 / per month

Homeownership Rate

Homeownership
Owners 66.45
Renters 33.55
Vacant 4.55

Housing Market Details

 

Age of Homes

AGE OF Hutchinson HOMES
2000 or Newer 15.0
1970 - 1999 48.7
1940 - 1969 25.5
1939 or Older 10.8

Types of Homes

TYPE OF Hutchinson HOMES
Single-Family 58.1
Townhomes 9.1
Small Apt. Buildings 9.2
Apt. Complexes 20.5
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Hutchinson HOMES
No Bedroom 0.45
1 Bedroom 10.49
2 Bedrooms 35.81
3 Bedrooms 34.00
4 Bedrooms 15.26
5 or more bedrooms 3.99

Hutchinson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
21.57% 1.16% 2 2
* 10 is highest

Popular Neighborhoods in Hutchinson

Zip Codes in Hutchinson, MN