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 a population of 5,826, 2,568 total housing units (homes and apartments), and a median house value of $434,735, Hudson real estate prices are well above average cost compared to national prices.
Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Hudson, accounting for 41.93% of the city's housing units. Other types of housing that are prevalent in Hudson include single-family detached homes ( 27.38%), large apartment complexes or high rise apartments ( 19.28%), and a few row houses and other attached homes ( 11.41%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Hudson primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Hudson has a mixture of owner-occupied and renter-occupied housing.
The housing in Hudson was primarily built before 1939 ( 56.19%), making the housing stock in Hudson some of the oldest overall in America, although there is a range of ages of homes in Hudson. The next most important housing age is between 1940-1969 ( 21.19%), followed by between 1970-1999 ( 16.02%). There's also some housing in Hudson built between 2000 and later ( 6.60%).
Vacant housing appears to be an issue in Hudson. Fully 24.65% of the housing stock is classified as vacant. Left unchecked, vacant Hudson homes and apartments can be a drag on the real estate market, holding Hudson 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.
In the last 10 years, Hudson has experienced some of the highest home appreciation rates of any community in the nation. Hudson real estate appreciated 136.16% over the last ten years, which is an average annual home appreciation rate of 8.97%, putting Hudson in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hudson 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, Hudson appreciation rates have trailed the rest of the nation. In the last twelve months, Hudson's appreciation rate has been 3.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hudson were at -2.87%, which equates to an annual appreciation rate of -11.00%.
Notably, Hudson's appreciation rate in the latest quarter is one of the lowest in America.
Relative to New York, our data show that Hudson's latest annual appreciation rate is lower than 80% of the other cities and towns in New York.
$434,735
for New york
for nation
2,568
$1,772 / per month