Anderson appreciation rates and housing market information

Anderson housing market information

With a population of 59,636, 27,598 total housing units (homes and apartments), and a median house value of $89,290, house prices in Anderson are some of the most affordable in Indiana as well as the nation.

single-family detached homes are the single most common housing type in Anderson, accounting for 69.45% of the city's housing units. Other types of housing that are prevalent in Anderson include large apartment complexes or high rise apartments (11.09%), duplexes, homes converted to apartments, or other small apartment buildings (10.86%), mobile homes or trailers (5.15%), and a few row houses and other attached homes (3.42%).

People in Anderson primarily live in small (one, two, or no bedroom) single-family detached homes. Anderson has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Anderson's housing was primarily built during this period, from the '40s through the '60s. A full 49.75% of the city's housing hails from this era. Other housing ages represented in Anderson include homes built between 1939 and earlier (24.13%), and housing constructed from 1970-1994 (20.87%). There's also some housing in Anderson built between 1995 and later (5.25%).

Anderson home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Anderson, where house values have increased just 41.08%, which is an average annual increase of 4.10%. NeighborhoodScout's data show that in the latest quarter, Anderson house values appreciated 3.51%, which is an annualized rate of 14.04%. This rate is lower than the appreciation rate found in 10% of the cities and towns in America.

Appreciation rates are so strong in Anderson that despite a nationwide downturn in the housing market, Anderson real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Anderson appreciation rates continue to be some of the highest in America, at 5.12%, which is higher than appreciation rates in 90% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Anderson. Anderson appreciation rates in the latest quarter were at 3.51%, which equates to an annual appreciation rate of 14.04%.

Importantly, this makes Anderson one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Indiana, our data show that Anderson's latest annual appreciation rate is higher than 86% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Anderson differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Anderson - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Anderson real estate investment or home purchase decisions.