Hubbard, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hubbard, OH Real Estate Data


Hubbard Housing Market Information

With 7,650 people, 3,492 houses or apartments, and a median cost of homes of $91,047, house prices in Hubbard are some of the most affordable in Ohio as well as the nation.

Single-family detached homes are the single most common housing type in Hubbard, accounting for 75.18% of the city's housing units. Other types of housing that are prevalent in Hubbard include large apartment complexes or high rise apartments ( 14.45%), duplexes, homes converted to apartments or other small apartment buildings ( 6.43%), and a few row houses and other attached homes ( 3.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hubbard. Owner-occupied housing accounts for 71.02% of Hubbard's homes, and 65.55% have either three or four bedrooms, which is average sized relative to America.

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. Hubbard's housing was primarily built during this period, from the '40s through the '60s. A full 45.31% of the city's housing hails from this era. Other housing ages represented in Hubbard include homes built between 1970-1999 ( 32.94%) and housing constructed before 1939 ( 19.23%). There's also some housing in Hubbard built between 2000 and later ( 2.52%).

Hubbard Home Appreciation Rates

Hubbard's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hubbard during the period has been just -0.88%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hubbard's appreciation rate, at 4.40%, has been at or slightly above the national average. In the latest quarter, Hubbard's appreciation rate has been -1.20%, which annualizes to a rate of -4.71%.

Notably, Hubbard's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$91,047

Hubbard, OH HOME PRICES

Value Range
> $1,075,000 0.0
$806,001 - $1,075,000 0.0
$537,001 - $806,000 0.0
$430,001 - $537,000 0.6
$323,001 - $430,000 0.4
$215,001 - $323,000 6.7
$108,001 - $215,000 30.9
$54,001 - $108,000 55.5
$0 - $54,000 5.9

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
83.10676198289 86.2204724409449

Number Of Homes And Apartments:
3,492

Rent & Ownership

 

Average Market Rent:
$720 / per month

Homeownership Rate

Homeownership
Owners 71.02
Renters 28.98
Vacant 4.46

Housing Market Details

 

Age of Homes

AGE OF Hubbard HOMES
2000 or Newer 2.5
1970 - 1999 32.9
1940 - 1969 45.3
1939 or Older 19.2

Types of Homes

TYPE OF Hubbard HOMES
Single-Family 75.2
Townhomes 3.7
Small Apt. Buildings 6.4
Apt. Complexes 14.4
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Hubbard HOMES
No Bedroom 2.38
1 Bedroom 6.59
2 Bedrooms 24.32
3 Bedrooms 54.15
4 Bedrooms 11.41
5 or more bedrooms 1.15

Hubbard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
4.69% 0.27% 4 1
* 10 is highest