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 2,185 people, 968 houses or apartments, and a median cost of homes of $126,007, house prices in Hinton are solidly below the national average.
Single-family detached homes are the single most common housing type in Hinton, accounting for 81.38% of the city's housing units. Other types of housing that are prevalent in Hinton include duplexes, homes converted to apartments or other small apartment buildings ( 7.83%), large apartment complexes or high rise apartments ( 5.58%), and a few mobile homes or trailers ( 3.84%).
The most prevalent building size and type in Hinton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.19% owning and 42.81% renting.
The housing in Hinton was primarily built before 1939 ( 40.58%), making the housing stock in Hinton some of the oldest overall in America, although there is a range of ages of homes in Hinton. The next most important housing age is between 1940-1969 ( 31.38%), followed by between 1970-1999 ( 21.81%). There's also some housing in Hinton built between 2000 and later ( 6.23%).
Vacant housing appears to be an issue in Hinton. Fully 29.86% of the housing stock is classified as vacant. Left unchecked, vacant Hinton homes and apartments can be a drag on the real estate market, holding Hinton 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.
Real estate appreciation rates in Hinton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.81% during the period.
Appreciation rates are so strong in Hinton that despite a nationwide downturn in the housing market, Hinton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hinton appreciation rates continue to be some of the highest in America, at 19.08%, which is higher than appreciation rates in 99.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hinton. Hinton appreciation rates in the latest quarter were at 1.56%, which equates to an annual appreciation rate of 6.39%.
Relative to West Virginia, our data show that Hinton's latest annual appreciation rate is higher than 80% of the other cities and towns in West Virginia.
$126,007
for West virginia
for nation
968
$1,359 / per month