Hurley, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hurley, WI 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

Hurley Housing Market Information

With 1,493 people, 787 houses or apartments, and a median cost of homes of $72,725, house prices in Hurley are some of the most affordable in Wisconsin as well as the nation.

Single-family detached homes are the single most common housing type in Hurley, accounting for 59.95% of the city's housing units. Other types of housing that are prevalent in Hurley include duplexes, homes converted to apartments or other small apartment buildings ( 20.16%), large apartment complexes or high rise apartments ( 16.92%), and a few row houses and other attached homes ( 2.97%).

The most prevalent building size and type in Hurley are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.80% owning and 39.20% renting.

The housing in Hurley was primarily built before 1939 ( 41.04%), making the housing stock in Hurley some of the oldest overall in America, although there is a range of ages of homes in Hurley. The next most important housing age is between 1940-1969 ( 29.34%), followed by between 1970-1999 ( 26.91%). There's also some housing in Hurley built between 2000 and later ( 2.70%).

Vacant housing appears to be an issue in Hurley. Fully 29.16% of the housing stock is classified as vacant. Left unchecked, vacant Hurley homes and apartments can be a drag on the real estate market, holding Hurley 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.

Hurley Home Appreciation Rates

Real estate appreciation rates in Hurley's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.26% during the period.

NeighborhoodScout's data show that during the latest twelve months, Hurley's appreciation rate, at 3.33%, has been at or slightly above the national average. In the latest quarter, Hurley's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

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

Average Home Values

 

Median Home Value:
$72,725

Hurley, WI HOME PRICES

Value Range
> $1,081,000 0.0
$811,001 - $1,081,000 0.0
$540,001 - $811,000 0.0
$432,001 - $540,000 0.0
$324,001 - $432,000 0.5
$216,001 - $324,000 3.2
$108,001 - $216,000 21.0
$54,001 - $108,000 44.4
$0 - $54,000 30.9

Very Low for WI
Very Low for Nation

Value Relative to Nation Value Relative to State
94.1052384858783 100.0

Number Of Homes And Apartments:
787

Hurley Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
48.09% 2.30% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$568 / per month

Homeownership Rate

Homeownership
Owners 60.80
Renters 39.20
Vacant 29.16

Housing Market Details

 

Age of Homes

AGE OF Hurley HOMES
2000 or Newer 2.7
1970 - 1999 26.9
1940 - 1969 29.3
1939 or Older 41.0

Types of Homes

TYPE OF Hurley HOMES
Single-Family 59.9
Townhomes 3.0
Small Apt. Buildings 20.2
Apt. Complexes 16.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Hurley HOMES
No Bedroom 1.44
1 Bedroom 18.00
2 Bedrooms 28.62
3 Bedrooms 37.53
4 Bedrooms 13.41
5 or more bedrooms 0.99

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Zip Codes in Hurley, WI