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Affordable
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These days, finding an affordable place to live in the Hobart area can be challenging. Home prices in Hobart are now at a median cost of $965,055, higher than the Washington average of $621,115.
The average cost of rent is $2,477/mo in Hobart, primarily driven by the current value of real estate in the Hobart area. In Hobart, 6.83% of households rent, and 30.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hobart is $12,985 per month. Households that rent pay about 19.08% of their income on rent here. Hobart’s most expensive areas are in the northern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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