Zionsville appreciation rates and housing market information

Zionsville housing market information

With 8,479 people, 3,029 houses or apartments, and a median cost of homes of $349,417, Zionsville house prices are not only among the most expensive in Indiana, Zionsville real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Zionsville, accounting for 80.92% of the town's housing units. Other types of housing that are prevalent in Zionsville include duplexes, homes converted to apartments, or other small apartment buildings (7.82%), large apartment complexes or high rise apartments (5.94%), row houses and other attached homes (4.13%), and a few mobile homes or trailers (1.19%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Zionsville. Owner-occupied housing accounts for 78.71% of Zionsville's homes, and 68.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Zionsville 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 Zionsville built from 1940-1969 (17.46%). A lesser amount of the housing stock also hails from 1939 and earlier (9.88%), and some were built from 1995 and later (9.88%).

Zionsville home appreciation rates

Zionsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Zionsville during the period has been just 6.05%, which is lower than % of US communities.

Appreciation rates are so strong in Zionsville that despite a nationwide downturn in the housing market, Zionsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Zionsville appreciation rates continue to be some of the highest in America, at 2.96%, which is higher than appreciation rates in 74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Zionsville. Zionsville appreciation rates in the latest quarter were at 2.23%, which equates to an annual appreciation rate of 8.92%.

Importantly, this makes Zionsville 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 Zionsville's latest annual appreciation rate is higher than 56% of the other cities and towns in Indiana.