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 16,992 people, 6,929 houses or apartments, and a median cost of homes of $186,973, house prices in Huntington are solidly below the national average.
Single-family detached homes are the single most common housing type in Huntington, accounting for 76.15% of the city's housing units. Other types of housing that are prevalent in Huntington include large apartment complexes or high rise apartments ( 11.06%), duplexes, homes converted to apartments or other small apartment buildings ( 9.16%), and a few row houses and other attached homes ( 1.98%).
The most prevalent building size and type in Huntington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.43% owning and 42.57% renting.
The housing in Huntington was primarily built before 1939 ( 43.33%), making the housing stock in Huntington some of the oldest overall in America, although there is a range of ages of homes in Huntington. The next most important housing age is between 1970-1999 ( 23.38%), followed by between 1940-1969 ( 20.40%). There's also some housing in Huntington built between 2000 and later ( 12.89%).
Appreciation rates for homes in Huntington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.18%, which ranks in the top 50% nationwide. This equates to an annual average Huntington house appreciation rate of 6.75%.
Appreciation rates are so strong in Huntington that despite a nationwide downturn in the housing market, Huntington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Huntington appreciation rates continue to be some of the highest in America, at 5.71%, which is higher than appreciation rates in 78.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Huntington. Huntington appreciation rates in the latest quarter were at 2.25%, which equates to an annual appreciation rate of 9.32%.
Importantly, this makes Huntington one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Indiana, our data show that Huntington's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Huntington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Huntington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Huntington real estate investment or home purchase decisions.
$186,973
for Indiana
for nation
6,929
$1,201 / per month