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 a population of 2,148, 912 total housing units (homes and apartments), and a median house value of $133,357, house prices in Hertford are solidly below the national average.
Single-family detached homes are the single most common housing type in Hertford, accounting for 68.21% of the town's housing units. Other types of housing that are prevalent in Hertford include mobile homes or trailers ( 16.07%), duplexes, homes converted to apartments or other small apartment buildings ( 12.75%), and a few large apartment complexes or high rise apartments ( 2.97%).
The most prevalent building size and type in Hertford are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 47.31% owning and 52.69% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hertford's housing was primarily built during this period, from the '40s through the '60s. A full 38.17% of the town's housing hails from this era. Other housing ages represented in Hertford include homes built between 1970-1999 ( 32.31%) and housing constructed before 1939 ( 26.38%). There's also some housing in Hertford built between 2000 and later ( 3.14%).
Vacant housing appears to be an issue in Hertford. Fully 20.35% of the housing stock is classified as vacant. Left unchecked, vacant Hertford homes and apartments can be a drag on the real estate market, holding Hertford 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.
Homes have actually lost value in Hertford over the last then years, as home values have seen a decline of 20.40% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hertford home appreciation rates at -0.54%, which equates to an annual appreciation rate of -2.13%.
Over the last year, Hertford appreciation rates have trailed the rest of the nation. In the last twelve months, Hertford's appreciation rate has been -1.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hertford were at -0.54%, which equates to an annual appreciation rate of -2.13%.
Notably, Hertford's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Hertford's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
|$736,001 - $981,000||0.2|
|$490,001 - $736,000||1.2|
|$392,001 - $490,000||4.4|
|$295,001 - $392,000||2.8|
|$196,001 - $295,000||13.1|
|$98,001 - $196,000||44.9|
|$49,001 - $98,000||21.3|
|$0 - $49,000||11.3|
|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 Hertford HOMES|
|2000 or Newer||3.1|
|1970 - 1999||32.3|
|1940 - 1969||38.2|
|1939 or Older||26.4|
|TYPE OF Hertford HOMES|
|Small Apt. Buildings||12.8|
|SIZE OF Hertford HOMES|
|5 or more bedrooms||3.06|