Hobart, IN is a great city for those who are looking to buy a house. The median value of homes in Hobart is $218,000, which is significantly lower than the national median of $338,100. Not only is the price more attractive but the appreciation on these houses is also higher in Hobart compared to the countrywide rate. Over the last year alone, homes have appreciated by 9.68%, over one percent higher than the US average of 8.27%. This makes Hobart an excellent place to invest in real estate as it can provide homeowners with long-term financial stability.
The median home cost in Hobart is $218,000. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Hobart is up 14.2%.
Average Age of Homes
- The median age of Hobart real estate is 51 years old
The Rental Market in Hobart
- Renters make up 26.6% of the Hobart population
- 1.1% of houses and apartments in Hobart, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.