Anderson, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Anderson, IN Real Estate Data


Anderson Housing Market Information

With a population of 55,305, 23,132 total housing units (homes and apartments), and a median house value of $78,894, 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 68.61% 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 ( 11.92%), large apartment complexes or high rise apartments ( 11.80%), and a few mobile homes or trailers ( 4.71%).

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 43.24% of the city's housing hails from this era. Other housing ages represented in Anderson include homes built between 1970-1999 ( 26.37%) and housing constructed before 1939 ( 22.86%). There's also some housing in Anderson built between 2000 and later ( 7.52%).

Vacant housing appears to be an issue in Anderson. Fully 16.86% 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 -0.46% during the period.

NeighborhoodScout's data show that during the latest twelve months, Anderson's appreciation rate, at 4.98%, has been at or slightly above the national average. In the latest quarter, Anderson's appreciation rate has been 1.66%, which annualizes to a rate of 6.79%.

Relative to Indiana, our data show that Anderson's latest annual appreciation rate is lower than 60% 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:
$78,894

Anderson, IN HOME PRICES

Value Range
> $1,103,000 0.1
$827,001 - $1,103,000 0.0
$551,001 - $827,000 0.4
$441,001 - $551,000 0.2
$331,001 - $441,000 0.3
$221,001 - $331,000 1.9
$110,001 - $221,000 20.2
$55,001 - $110,000 47.0
$0 - $55,000 30.0

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
91.8545411957604 96.3800904977376

Number Of Homes And Apartments:
23,132

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 54.45
Renters 45.55
Vacant 16.86

Housing Market Details

 

Age of Homes

AGE OF Anderson HOMES
2000 or Newer 7.5
1970 - 1999 26.4
1940 - 1969 43.2
1939 or Older 22.9

Types of Homes

TYPE OF Anderson HOMES
Single-Family 68.6
Townhomes 3.0
Small Apt. Buildings 11.9
Apt. Complexes 11.8
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Anderson HOMES
No Bedroom 1.89
1 Bedroom 12.93
2 Bedrooms 36.97
3 Bedrooms 39.04
4 Bedrooms 7.88
5 or more bedrooms 1.29

Anderson Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-4.45% -0.27% 1 1
* 10 is highest