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 7,841, 3,432 total housing units (homes and apartments), and a median house value of $146,111, house prices in Humboldt are some of the most affordable in Tennessee as well as the nation.
Single-family detached homes are the single most common housing type in Humboldt, accounting for 72.66% of the city's housing units. Other types of housing that are prevalent in Humboldt include duplexes, homes converted to apartments or other small apartment buildings ( 9.77%), mobile homes or trailers ( 8.78%), and a few large apartment complexes or high rise apartments ( 8.45%).
The most prevalent building size and type in Humboldt are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.48% owning and 52.52% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Humboldt's housing was primarily built during this period, from the '40s through the '60s. A full 37.80% of the city's housing hails from this era. Other housing ages represented in Humboldt include homes built between 1970-1999 ( 35.87%) and housing constructed before 1939 ( 13.68%). There's also some housing in Humboldt built between 2000 and later ( 12.64%).
Vacant housing appears to be an issue in Humboldt. Fully 12.87% of the housing stock is classified as vacant. Left unchecked, vacant Humboldt homes and apartments can be a drag on the real estate market, holding Humboldt 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.
Appreciation rates for homes in Humboldt have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.71%, which ranks in the top 40% nationwide. This equates to an annual average Humboldt house appreciation rate of 6.95%.
Appreciation rates are so strong in Humboldt that despite a nationwide downturn in the housing market, Humboldt real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Humboldt appreciation rates continue to be some of the highest in America, at 12.48%, which is higher than appreciation rates in 94.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Humboldt. Humboldt appreciation rates in the latest quarter were at 2.01%, which equates to an annual appreciation rate of 8.27%.
Relative to Tennessee, our data show that Humboldt's latest annual appreciation rate is higher than 90% of the other cities and towns in Tennessee.
$146,111
for Tennessee
for nation
3,432
$1,407 / per month