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 419, 84 total housing units (homes and apartments), and a median house value of $445,502, Hoodsport real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Hoodsport, accounting for 95.67% of the town's housing units. Other types of housing that are prevalent in Hoodsport include mobile homes or trailers ( 4.33%).
Dwellings in Hoodsport tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.81% of the homes in Hoodsport have two or fewer bedrooms.
The housing in Hoodsport was primarily built before 1939 ( 54.81%), making the housing stock in Hoodsport some of the oldest overall in America, although there is a range of ages of homes in Hoodsport. The next most important housing age is between 2000 and later ( 32.69%), followed by between 1970-1999 ( 8.17%). There's also some housing in Hoodsport built between 1940-1969 ( 4.33%).
A decent proportion of the Hoodsport housing stock is seasonally occupied. That is, homes and condos in Hoodsport are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Hoodsport housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Hoodsport has experienced some of the highest home appreciation rates of any community in the nation. Hoodsport real estate appreciated 157.90% over the last ten years, which is an average annual home appreciation rate of 9.94%, putting Hoodsport in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hoodsport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Hoodsport that despite a nationwide downturn in the housing market, Hoodsport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hoodsport appreciation rates continue to be some of the highest in America, at 13.69%, which is higher than appreciation rates in 98.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hoodsport. Hoodsport appreciation rates in the latest quarter were at 0.28%, which equates to an annual appreciation rate of 1.13%.
Relative to Washington, our data show that Hoodsport's latest annual appreciation rate is higher than 90% of the other cities and towns in Washington.
$445,502
for Washington
for nation
84
$974 / per month