Median price for residential apartments in Hobart, IN as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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153 Hobart, IN, USA apartments for sale
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Hobart
According to statistics, the population in Hobart, IN amounts to 28,573, which shows decline 0% compared to the previous year. The median age of the city’s residents is 39. The average household income is $58,366, shifting decline -2% from the past year, and the average property value in Hobart, IN decline -1% to $134,300 throughout the year.
| Population | 28,573 |
| Median Age | 39.1 |
| Poverty Rate | 11% |
| Household Income | $58,366 |
| Number Of Employees | 13,667 |
| Median Property Value | $134,300 |
Household Income
The average household income in Hobart, IN declined from $59,424 to $58,366 in the past year. This data is an estimate based upon 11,198 households in Hobart, IN . The chart below presents how household income is distributed in Hobart, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Hobart, IN shifted from $136,200 to $134,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Hobart, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Hobart, IN properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Hobart, IN compared to median property taxes around the country. The prevalent amount of property taxes in Hobart, IN equals $2500, which is less than the national average.
Housing Trends
How much does an apartment cost in Hobart, IN, USA
Average apartment sale in Hobart: $251,984 (+4%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| Studio apartments | $140,417 | -2.4% |
| 2-bed apartments | $185,968 | -0.6% |
| 3-bed apartments | $240,632 | -1.7% |
| 4+ bed apartments | $307,692 | +6.6% |
During Dec 2022, the average price for an apartment in/near Hobart, IN increased by 4% to $251,984.
Knowing the current property prices is key if you plan to buy a studio in Hobart, IN. The average price for a studio has decreased since the last month, currently being $140,417. Asking price for 2-bed apartment also decreased by 0.6% and a place of this size will now cost you $185,968. A 3-bed apartment goes for $240,632, it decreased by 1.7% lately. We discerned the rise of 4- and more bed apartment price. It increased by 6.6% and made it up to $307,692.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Condos for sale | $175,900 | -21.6% |
| Houses for sale | $262,052 | +3% |
| Lofts for sale | $159,900 | +0% |
| Land for sale | $65,000 | -53.2% |
| Other for sale | $155,500 | +0% |
Price reports demonstrate that house price increased by 3% this month making it up to $262,052. Condos faced an upward trend these days. The median price for a condo decreased by 21.6%, it’s now available for $175,900. The price statistics of lofts have not significantly changed, it now still goes for $159,900. The average price of the land for sale in Hobart, IN has decreased by 53.2%, and now equals $65,000. Other types of properties for sale would cost $155,500 on average. Our data shows that this amount has stayed roughly the same compared to Nov.
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