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 7,642, 2,642 total housing units (homes and apartments), and a median house value of $297,647, Hitchcock real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Hitchcock, accounting for 80.84% of the city's housing units. Other types of housing that are prevalent in Hitchcock include large apartment complexes or high rise apartments ( 8.60%), mobile homes or trailers ( 6.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.01%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hitchcock. Owner-occupied housing accounts for 72.29% of Hitchcock's homes, and 66.76% have either three or four bedrooms, which is average sized relative to America.
Hitchcock homes and real estate are some of the newest in America. 36.66% of Hitchcock's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Hitchcock real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.10%), and between 1940-1969 ( 29.67%). There's also some housing in Hitchcock built before 1939 ( 2.58%).
Vacant housing appears to be an issue in Hitchcock. Fully 11.64% of the housing stock is classified as vacant. Left unchecked, vacant Hitchcock homes and apartments can be a drag on the real estate market, holding Hitchcock 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 Hitchcock have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.88%, which ranks in the top 30% nationwide. This equates to an annual average Hitchcock house appreciation rate of 7.49%.
Over the last year, Hitchcock appreciation rates have trailed the rest of the nation. In the last twelve months, Hitchcock's appreciation rate has been 3.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hitchcock were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Relative to Texas, our data show that Hitchcock's latest annual appreciation rate is lower than 60% of the other cities and towns in Texas.
$297,647
for Texas
for nation
2,642
$1,598 / per month