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 10,142, 4,504 total housing units (homes and apartments), and a median house value of $793,549, real estate costs in Hull are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Hull, accounting for 73.83% of the town's housing units. Other types of housing that are prevalent in Hull include large apartment complexes or high rise apartments ( 15.42%), duplexes, homes converted to apartments or other small apartment buildings ( 8.16%), and a few row houses and other attached homes ( 2.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hull. Owner-occupied housing accounts for 81.39% of Hull's homes, and 55.07% have either three or four bedrooms, which is average sized relative to America.
The housing in Hull was primarily built before 1939 ( 47.59%), making the housing stock in Hull some of the oldest overall in America, although there is a range of ages of homes in Hull. The next most important housing age is between 1940-1969 ( 26.15%), followed by between 1970-1999 ( 18.86%). There's also some housing in Hull built between 2000 and later ( 7.39%).
Vacant housing appears to be an issue in Hull. Fully 22.76% of the housing stock is classified as vacant. Left unchecked, vacant Hull homes and apartments can be a drag on the real estate market, holding Hull 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.
Appreciation rates for homes in Hull have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.43%, which ranks in the top 40% nationwide. This equates to an annual average Hull house appreciation rate of 7.36%.
Appreciation rates are so strong in Hull that despite a nationwide downturn in the housing market, Hull real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hull appreciation rates continue to be some of the highest in America, at 11.14%, which is higher than appreciation rates in 91.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hull. Hull appreciation rates in the latest quarter were at 2.38%, which equates to an annual appreciation rate of 9.87%.
Relative to Massachusetts, our data show that Hull's latest annual appreciation rate is higher than 90% of the other cities and towns in Massachusetts.
$793,549
for Massachusetts
for nation
4,504
$3,296 / per month