Hubbard, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hubbard Neighborhoods Since 2000




Hubbard, OH Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hubbard Housing Market Information

With 7,650 people, 3,492 houses or apartments, and a median cost of homes of $93,284, 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

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 -0.57% 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 6.63%, which is higher than appreciation rates in 78.80% 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 2.15%, which equates to an annual appreciation rate of 8.89%.

Importantly, this makes Hubbard one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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:
$93,284

Hubbard, OH HOME PRICES

Value Range
> $1,101,000 0.0
$826,001 - $1,101,000 0.0
$550,001 - $826,000 0.0
$440,001 - $550,000 0.6
$331,001 - $440,000 0.4
$220,001 - $331,000 6.7
$110,001 - $220,000 30.9
$55,001 - $110,000 55.5
$0 - $55,000 5.9

Very Low for OH
Very Low for Nation

Value Relative to Nation Value Relative to State
81.8645259580452 83.8582677165354

Number Of Homes And Apartments:
3,492

Hubbard Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
7.20% 0.40% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$754 / 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