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 419 people, 77 houses or apartments, and a median cost of homes of $326,711, Hoodsport real estate values are some of the lowest in Washington, although compared to real estate around the nation, Hoodsport homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Hoodsport, accounting for 100.00% of the town's housing units.
Dwellings in Hoodsport tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 68.35% of the homes in Hoodsport have two or fewer bedrooms.
The housing in Hoodsport was primarily built before 1939 ( 68.35%), 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 ( 25.95%), followed by between 1940-1969 ( 5.70%).
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 158.30% over the last ten years, which is an average annual home appreciation rate of 9.95%, 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.
Over the last year, Hoodsport appreciation rates have trailed the rest of the nation. In the last twelve months, Hoodsport's appreciation rate has been 3.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hoodsport were at 0.16%, which equates to an annual appreciation rate of 0.63%.
Notably, Hoodsport's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Washington, our data show that Hoodsport's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.
$326,711
for Washington
for nation
77
$1,921 / per month