Hoquiam, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hoquiam Neighborhoods Since 2000




Hoquiam, WA 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

Hoquiam Housing Market Information

With a population of 8,405, 3,384 total housing units (homes and apartments), and a median house value of $113,351, house prices in Hoquiam are solidly below the national average.

Single-family detached homes are the single most common housing type in Hoquiam, accounting for 75.10% of the city's housing units. Other types of housing that are prevalent in Hoquiam include large apartment complexes or high rise apartments ( 12.49%), duplexes, homes converted to apartments or other small apartment buildings ( 7.45%), and a few mobile homes or trailers ( 2.64%).

The most prevalent building size and type in Hoquiam are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.07% owning and 45.93% renting.

The housing in Hoquiam was primarily built before 1939 ( 54.01%), making the housing stock in Hoquiam some of the oldest overall in America, although there is a range of ages of homes in Hoquiam. The next most important housing age is between 1940-1969 ( 24.44%), followed by between 1970-1999 ( 18.43%). There's also some housing in Hoquiam built between 2000 and later ( 3.12%).

Vacant housing appears to be an issue in Hoquiam. Fully 13.39% of the housing stock is classified as vacant. Left unchecked, vacant Hoquiam homes and apartments can be a drag on the real estate market, holding Hoquiam 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.

Hoquiam Home Appreciation Rates

Homes have actually lost value in Hoquiam over the last then years, as home values have seen a decline of 20.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hoquiam home appreciation rates at 1.50%, which equates to an annual appreciation rate of 6.14%.

Appreciation rates are so strong in Hoquiam that despite a nationwide downturn in the housing market, Hoquiam real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hoquiam appreciation rates continue to be some of the highest in America, at 10.21%, which is higher than appreciation rates in 94.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hoquiam. Hoquiam appreciation rates in the latest quarter were at 1.50%, which equates to an annual appreciation rate of 6.14%.

Relative to Washington, our data show that Hoquiam's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$113,351

Hoquiam, WA HOME PRICES

Value Range
> $1,057,000 0.5
$793,001 - $1,057,000 0.0
$528,001 - $793,000 1.6
$423,001 - $528,000 0.0
$317,001 - $423,000 4.5
$211,001 - $317,000 9.0
$106,001 - $211,000 41.1
$53,001 - $106,000 31.6
$0 - $53,000 11.7

Very Low for WA
Low for Nation

Value Relative to Nation Value Relative to State
69.3601312551272 98.5815602836879

Number Of Homes And Apartments:
3,384

Hoquiam Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
12.53% 0.69% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$965 / per month

Homeownership Rate

Homeownership
Owners 54.07
Renters 45.93
Vacant 13.39

Housing Market Details

 

Age of Homes

AGE OF Hoquiam HOMES
2000 or Newer 3.1
1970 - 1999 18.4
1940 - 1969 24.4
1939 or Older 54.0

Types of Homes

TYPE OF Hoquiam HOMES
Single-Family 75.1
Townhomes 2.3
Small Apt. Buildings 7.4
Apt. Complexes 12.5
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Hoquiam HOMES
No Bedroom 0.97
1 Bedroom 13.80
2 Bedrooms 26.34
3 Bedrooms 38.60
4 Bedrooms 14.15
5 or more bedrooms 6.14

Popular Communities Near Hoquiam, WA

Zip Codes in Hoquiam, WA