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 2,142 people, 986 houses or apartments, and a median cost of homes of $117,144, house prices in Hinton are solidly below the national average.
Single-family detached homes are the single most common housing type in Hinton, accounting for 82.96% of the city's housing units. Other types of housing that are prevalent in Hinton include duplexes, homes converted to apartments or other small apartment buildings ( 8.31%), large apartment complexes or high rise apartments ( 4.68%), and a few mobile homes or trailers ( 2.65%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hinton. Owner-occupied housing accounts for 66.98% of Hinton's homes, and 71.72% have either three or four bedrooms, which is average sized relative to America.
The housing in Hinton was primarily built before 1939 ( 43.78%), making the housing stock in Hinton some of the oldest overall in America, although there is a range of ages of homes in Hinton. The next most important housing age is between 1940-1969 ( 32.47%), followed by between 1970-1999 ( 20.25%). There's also some housing in Hinton built between 2000 and later ( 3.49%).
Vacant housing appears to be an issue in Hinton. Fully 31.15% of the housing stock is classified as vacant. Left unchecked, vacant Hinton homes and apartments can be a drag on the real estate market, holding Hinton 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.
Hinton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hinton during the period has been just 5.16%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Hinton's appreciation rate, at 4.28%, has been at or slightly above the national average. In the latest quarter, Hinton's appreciation rate has been 0.61%, which annualizes to a rate of 2.45%.
Relative to West Virginia, our data show that Hinton's latest annual appreciation rate is higher than 60% of the other cities and towns in West Virginia.
$117,144
for West virginia
for nation
986
$1,445 / per month