Hubbard, OH Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Hubbard, OH Housing Market Trends

With a population of 7,419, 3,272 total housing units (homes and apartments), and a median house value of $105,754, 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 79.57% of the city's housing units. Other types of housing that are prevalent in Hubbard include large apartment complexes or high rise apartments ( 15.57%), duplexes, homes converted to apartments or other small apartment buildings ( 2.79%), and a few row houses and other attached homes ( 1.82%).

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 74.97% of Hubbard's homes, and 67.05% 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 45.22% of the city's housing hails from this era. Other housing ages represented in Hubbard include homes built between 1970-1999 ( 24.51%) and housing constructed before 1939 ( 20.74%). There's also some housing in Hubbard built between 2000 and later ( 9.53%).

Hubbard Home Appreciation Rates

Real estate appreciation rates in Hubbard's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.33% during the period.

Appreciation rates are so strong in Hubbard that despite a nationwide downturn in the housing market, Hubbard real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hubbard appreciation rates continue to be some of the highest in America, at 13.75%, which is higher than appreciation rates in 92.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hubbard. Hubbard appreciation rates in the latest quarter were at 2.73%, which equates to an annual appreciation rate of 11.36%.

Relative to Ohio, our data show that Hubbard's latest annual appreciation rate is higher than 90% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$105,754

Hubbard, OH HOME PRICES

> $1,221,000
0.0%
0.0%
$916,001 - $1,221,000
0.0%
0.0%
$611,001 - $916,000
0.1%
0.1%
$489,001 - $611,000
0.6%
0.6%
$367,001 - $489,000
0.1%
0.1%
$244,001 - $367,000
5.1%
5.1%
$122,001 - $244,000
42.8%
42.8%
$61,001 - $122,000
46.1%
46.1%
$0 - $61,000
5.1%
5.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for OH

Value Relative To Nation

Number Of Homes And Apartments:
3,272

Hubbard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
33.35% 1.35%
3
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$851 / per month

Homeownership Rate

Owners
75.0%
75.0%
Renters
25.0%
25.0%
Vacant
8.6%
8.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.5%
9.5%
1970 - 1999
24.5%
24.5%
1940 - 1969
45.2%
45.2%
1939 or Older
20.7%
20.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
79.6%
79.6%
Townhomes
1.8%
1.8%
Small Apt. Buildings
2.8%
2.8%
Apt. Complexes
15.6%
15.6%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.5%
5.5%
1 Bedroom
4.9%
4.9%
2 Bedrooms
21.1%
21.1%
3 Bedrooms
54.1%
54.1%
4 Bedrooms
12.9%
12.9%
5 or more bedrooms
1.5%
1.5%
0.0% 100.0%
% OF HOMES