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 5,986 people, 2,652 houses or apartments, and a median cost of homes of $85,115, house prices in Hartford City are some of the most affordable in Indiana as well as the nation.
Single-family detached homes are the single most common housing type in Hartford City, accounting for 74.80% of the city's housing units. Other types of housing that are prevalent in Hartford City include large apartment complexes or high rise apartments ( 10.84%), duplexes, homes converted to apartments or other small apartment buildings ( 5.82%), and a few row houses and other attached homes ( 4.69%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hartford City. Owner-occupied housing accounts for 71.42% of Hartford City's homes, and 58.82% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hartford City's housing was primarily built during this period, from the '40s through the '60s. A full 37.69% of the city's housing hails from this era. Other housing ages represented in Hartford City include homes built before 1939 ( 30.48%) and housing constructed between 1970-1999 ( 23.71%). There's also some housing in Hartford City built between 2000 and later ( 8.12%).
Vacant housing appears to be an issue in Hartford City. Fully 14.20% of the housing stock is classified as vacant. Left unchecked, vacant Hartford City homes and apartments can be a drag on the real estate market, holding Hartford City 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.
Hartford City's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hartford City during the period has been just 4.98%, which is lower than 80% of US communities.
Over the last year, Hartford City appreciation rates have trailed the rest of the nation. In the last twelve months, Hartford City's appreciation rate has been -8.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hartford City were at 1.91%, which equates to an annual appreciation rate of 7.88%.
Relative to Indiana, our data show that Hartford City's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.
$85,115
for Indiana
for nation
2,652
$964 / per month