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 about Scout's Real Estate Data
With 10,351 people, 3,803 houses or apartments, and a median cost of homes of $651,769, Hobart house prices are not only among the most expensive in Wisconsin, Hobart real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Hobart, accounting for 66.81% of the village's housing units. Other types of housing that are prevalent in Hobart include large apartment complexes or high rise apartments ( 21.73%), duplexes, homes converted to apartments or other small apartment buildings ( 5.05%), and a few row houses and other attached homes ( 4.33%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hobart. Owner-occupied housing accounts for 66.55% of Hobart's homes, and 56.85% have either three or four bedrooms, which is average sized relative to America.
Hobart homes and real estate are some of the newest in America. 47.04% of Hobart's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hobart real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.45%), and between 1940-1969 ( 8.58%). There's also some housing in Hobart built before 1939 ( 4.93%).
Appreciation rates for homes in Hobart have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 82.24%, which ranks in the top 40% nationwide. This equates to an annual average Hobart house appreciation rate of 6.19%.
Appreciation rates are so strong in Hobart that despite a nationwide downturn in the housing market, Hobart real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hobart appreciation rates continue to be some of the highest in America, at 16.09%, which is higher than appreciation rates in 97.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hobart. Hobart appreciation rates in the latest quarter were at 2.89%, which equates to an annual appreciation rate of 12.06%.
Importantly, this makes Hobart one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.
Relative to Wisconsin, our data show that Hobart's latest annual appreciation rate is higher than 90% of the other cities and towns in Wisconsin.
$1,336 / per month