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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 17,839 people, 6,973 houses or apartments, and a median cost of homes of $86,012, house prices in Hannibal are some of the most affordable in Missouri as well as the nation.
Single-family detached homes are the single most common housing type in Hannibal, accounting for 74.36% of the city's housing units. Other types of housing that are prevalent in Hannibal include duplexes, homes converted to apartments or other small apartment buildings ( 13.20%), large apartment complexes or high rise apartments ( 9.29%), and a few row houses and other attached homes ( 2.02%).
The most prevalent building size and type in Hannibal are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.33% owning and 45.67% renting.
The housing in Hannibal was primarily built before 1939 ( 38.40%), making the housing stock in Hannibal some of the oldest overall in America, although there is a range of ages of homes in Hannibal. The next most important housing age is between 1970-1999 ( 29.05%), followed by between 1940-1969 ( 27.43%). There's also some housing in Hannibal built between 2000 and later ( 5.12%).
Vacant housing appears to be an issue in Hannibal. Fully 14.57% of the housing stock is classified as vacant. Left unchecked, vacant Hannibal homes and apartments can be a drag on the real estate market, holding Hannibal 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.
Appreciation rates for homes in Hannibal have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.73%, which ranks in the top 30% nationwide. This equates to an annual average Hannibal house appreciation rate of 1.02%.
Over the last year, Hannibal appreciation rates have trailed the rest of the nation. In the last twelve months, Hannibal's appreciation rate has been 0.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hannibal were at 0.00%, which equates to an annual appreciation rate of 0.00%.
Relative to Missouri, our data show that Hannibal's latest annual appreciation rate is lower than 80% of the other cities and towns in Missouri.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hannibal differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hannibal - 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 Hannibal real estate investment or home purchase decisions.
|$820,001 - $1,094,000||0.0|
|$547,001 - $820,000||0.3|
|$438,001 - $547,000||0.7|
|$328,001 - $438,000||0.8|
|$219,001 - $328,000||6.9|
|$109,001 - $219,000||34.8|
|$55,001 - $109,000||33.0|
|$0 - $55,000||23.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Hannibal HOMES|
|2000 or Newer||5.1|
|1970 - 1999||29.0|
|1940 - 1969||27.4|
|1939 or Older||38.4|
|TYPE OF Hannibal HOMES|
|Small Apt. Buildings||13.2|
|SIZE OF Hannibal HOMES|
|5 or more bedrooms||2.14|