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 8,798 people, 3,747 houses or apartments, and a median cost of homes of $251,822, 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 74.90% of the city's housing units. Other types of housing that are prevalent in Hoquiam include large apartment complexes or high rise apartments ( 11.79%), duplexes, homes converted to apartments or other small apartment buildings ( 6.70%), and a few mobile homes or trailers ( 4.26%).
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 56.49% owning and 43.51% renting.
The housing in Hoquiam was primarily built before 1939 ( 49.85%), 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 ( 28.16%), followed by between 1970-1999 ( 19.03%). There's also some housing in Hoquiam built between 2000 and later ( 2.96%).
In the last 10 years, Hoquiam has experienced some of the highest home appreciation rates of any community in the nation. Hoquiam real estate appreciated 169.99% over the last ten years, which is an average annual home appreciation rate of 10.44%, putting Hoquiam in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hoquiam definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Hoquiam appreciation rates have trailed the rest of the nation. In the last twelve months, Hoquiam's appreciation rate has been 2.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hoquiam were at 0.16%, which equates to an annual appreciation rate of 0.63%.
Notably, Hoquiam's appreciation rate in the latest quarter is one of the lowest in America.
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.
$251,822
for Washington
for nation
3,747
$1,639 / per month