Angola, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Angola Neighborhoods Since 2000




Angola, 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

Angola Housing Market Information

With 8,644 people, 2,997 houses or apartments, and a median cost of homes of $129,161, house prices in Angola are solidly below the national average.

Single-family detached homes are the single most common housing type in Angola, accounting for 53.74% of the city's housing units. Other types of housing that are prevalent in Angola include large apartment complexes or high rise apartments ( 20.73%), duplexes, homes converted to apartments or other small apartment buildings ( 15.64%), and a few mobile homes or trailers ( 5.67%).

The most prevalent building size and type in Angola are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.56% owning and 54.44% renting.

There is a lot of housing in Angola built from 1970 to 1999 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 Angola built before 1939 ( 20.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.87%). There's also some housing in Angola built between 2000 and later ( 16.57%).

Vacant housing appears to be an issue in Angola. Fully 13.36% of the housing stock is classified as vacant. Left unchecked, vacant Angola homes and apartments can be a drag on the real estate market, holding Angola 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.

Angola Home Appreciation Rates

Appreciation rates for homes in Angola have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.12%, which ranks in the top 50% nationwide. This equates to an annual average Angola house appreciation rate of 0.31%.

Over the last year, Angola appreciation rates have trailed the rest of the nation. In the last twelve months, Angola's appreciation rate has been 2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Angola were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Indiana, our data show that Angola's latest annual appreciation rate is lower than 50% 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 Angola differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Angola - 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 Angola real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$129,161

Angola, IN HOME PRICES

Value Range
> $1,094,000 0.0
$820,001 - $1,094,000 0.0
$547,001 - $820,000 1.0
$437,001 - $547,000 0.3
$328,001 - $437,000 1.5
$219,001 - $328,000 6.8
$109,001 - $219,000 50.4
$55,001 - $109,000 31.5
$0 - $55,000 8.5

Average for IN
Low for Nation

Value Relative to Nation Value Relative to State
60.3539200750029 45.2488687782805

Number Of Homes And Apartments:
2,997

Angola 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
20.53% 1.09% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$881 / per month

Homeownership Rate

Homeownership
Owners 45.56
Renters 54.44
Vacant 13.36

Housing Market Details

 

Age of Homes

AGE OF Angola HOMES
2000 or Newer 16.6
1970 - 1999 44.9
1940 - 1969 17.9
1939 or Older 20.6

Types of Homes

TYPE OF Angola HOMES
Single-Family 53.7
Townhomes 4.2
Small Apt. Buildings 15.6
Apt. Complexes 20.7
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Angola HOMES
No Bedroom 0.40
1 Bedroom 22.12
2 Bedrooms 25.09
3 Bedrooms 34.43
4 Bedrooms 13.27
5 or more bedrooms 4.68