Anderson, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Anderson, IN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Anderson Housing Market Information

With a population of 55,305, 23,224 total housing units (homes and apartments), and a median house value of $79,390, 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 69.02% of the city's housing units. Other types of housing that are prevalent in Anderson include duplexes, homes converted to apartments or other small apartment buildings ( 12.28%), large apartment complexes or high rise apartments ( 11.44%), and a few mobile homes or trailers ( 4.25%).

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 44.73% of the city's housing hails from this era. Other housing ages represented in Anderson include homes built between 1970-1999 ( 26.18%) and housing constructed before 1939 ( 21.78%). There's also some housing in Anderson built between 2000 and later ( 7.31%).

Vacant housing appears to be an issue in Anderson. Fully 16.25% of the housing stock is classified as vacant. Left unchecked, vacant Anderson homes and apartments can be a drag on the real estate market, holding Anderson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Anderson Home Appreciation Rates

Real estate appreciation rates in Anderson's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.68% during the period.

Over the last year, Anderson appreciation rates have trailed the rest of the nation. In the last twelve months, Anderson's appreciation rate has been 0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Anderson were at -0.60%, which equates to an annual appreciation rate of -2.40%.

Notably, Anderson's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Anderson's latest annual appreciation rate is lower than 80% 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 2000, to assist you in making the best Anderson real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$79,390

Anderson, IN HOME PRICES

Value Range
> $1,060,000 0.2
$795,001 - $1,060,000 0.0
$530,001 - $795,000 0.5
$424,001 - $530,000 0.2
$318,001 - $424,000 0.5
$212,001 - $318,000 1.7
$106,001 - $212,000 19.4
$53,001 - $106,000 45.0
$0 - $53,000 32.4

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
90.8648775342787 91.8552036199095

Number Of Homes And Apartments:
23,224

Anderson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-6.59% -0.39% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$807 / per month

Homeownership Rate

Homeownership
Owners 53.41
Renters 46.59
Vacant 16.25

Housing Market Details

 

Age of Homes

AGE OF Anderson HOMES
2000 or Newer 7.3
1970 - 1999 26.2
1940 - 1969 44.7
1939 or Older 21.8

Types of Homes

TYPE OF Anderson HOMES
Single-Family 69.0
Townhomes 2.9
Small Apt. Buildings 12.3
Apt. Complexes 11.4
Mobile Homes 4.2
Other 0.1

Home Size

SIZE OF Anderson HOMES
No Bedroom 2.44
1 Bedroom 13.14
2 Bedrooms 37.42
3 Bedrooms 38.37
4 Bedrooms 7.17
5 or more bedrooms 1.46