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 2,133, 1,108 total housing units (homes and apartments), and a median house value of $274,339, Hughesville 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 Hughesville, accounting for 59.81% of the borough's housing units. Other types of housing that are prevalent in Hughesville include duplexes, homes converted to apartments or other small apartment buildings ( 21.19%), large apartment complexes or high rise apartments ( 14.71%), and a few row houses and other attached homes ( 4.29%).
The most prevalent building size and type in Hughesville are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 51.81% owning and 48.19% renting.
The housing in Hughesville was primarily built before 1939 ( 50.26%), making the housing stock in Hughesville some of the oldest overall in America, although there is a range of ages of homes in Hughesville. The next most important housing age is between 1940-1969 ( 28.90%), followed by between 1970-1999 ( 15.85%). There's also some housing in Hughesville built between 2000 and later ( 4.99%).
Hughesville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hughesville during the period has been just 4.96%, which is lower than 80% of US communities.
Appreciation rates are so strong in Hughesville that despite a nationwide downturn in the housing market, Hughesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hughesville appreciation rates continue to be some of the highest in America, at 10.36%, which is higher than appreciation rates in 88.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hughesville. Hughesville appreciation rates in the latest quarter were at 4.02%, which equates to an annual appreciation rate of 17.09%.
Importantly, this makes Hughesville one of the highest appreciating communities in the nation for the latest quarter, and may signal the borough's near-future real estate investment strength.
Relative to Pennsylvania, our data show that Hughesville's latest annual appreciation rate is higher than 80% of the other cities and towns in Pennsylvania.
$274,339
for Pennsylvania
for nation
1,108
$1,299 / per month