Edinburgh appreciation rates and housing market information

Edinburgh housing market information

With 4,637 people, 1,910 houses or apartments, and a median cost of homes of $121,721, house prices in Edinburgh are solidly below the national average.

single-family detached homes are the single most common housing type in Edinburgh, accounting for 66.49% of the town's housing units. Other types of housing that are prevalent in Edinburgh include large apartment complexes or high rise apartments (11.15%), duplexes, homes converted to apartments, or other small apartment buildings (11.10%), mobile homes or trailers (10.10%), and a few row houses and other attached homes (1.15%).

The most prevalent building size and type in Edinburgh are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 60.58% owning, and 34.61% renting.

There is a lot of housing in Edinburgh built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Edinburgh built from 1940-1969 (33.72%). A lesser amount of the housing stock also hails from 1939 and earlier (23.67%), and some were built from 1995 and later (23.67%).

Edinburgh home appreciation rates

In the last 10 years, Edinburgh has experienced some of the highest home appreciation rates of any community in the nation. Edinburgh real estate appreciated 120.32% over the last ten years, which is an average annual home appreciation rate of 12.03%, putting Edinburgh in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Edinburgh definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Edinburgh that despite a nationwide downturn in the housing market, Edinburgh real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edinburgh appreciation rates continue to be some of the highest in America, at 8.94%, which is higher than appreciation rates in 98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edinburgh. Edinburgh appreciation rates in the latest quarter were at 3.72%, which equates to an annual appreciation rate of 14.88%.

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

Relative to Indiana, our data show that Edinburgh's latest annual appreciation rate is higher than 99% of the other cities and towns in Indiana.