Austin, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Austin, IN Real Estate Data


Austin Housing Market Information

With 4,158 people, 1,635 houses or apartments, and a median cost of homes of $99,634, house prices in Austin are solidly below the national average.

Single-family detached homes are the single most common housing type in Austin, accounting for 71.74% of the city's housing units. Other types of housing that are prevalent in Austin include mobile homes or trailers ( 12.10%), large apartment complexes or high rise apartments ( 8.24%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.79%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Austin. Owner-occupied housing accounts for 65.69% of Austin's homes, and 63.56% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Austin 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 Austin built between 1940-1969 ( 40.35%). A lesser amount of the housing stock also hails from before 1939 ( 9.33%). There's also some housing in Austin built between 2000 and later ( 6.26%).

Vacant housing appears to be an issue in Austin. Fully 14.75% of the housing stock is classified as vacant. Left unchecked, vacant Austin homes and apartments can be a drag on the real estate market, holding Austin 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.

Austin Home Appreciation Rates

Appreciation rates for homes in Austin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.66%, which ranks in the top 30% nationwide. This equates to an annual average Austin house appreciation rate of 1.11%.

Appreciation rates are so strong in Austin that despite a nationwide downturn in the housing market, Austin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Austin appreciation rates continue to be some of the highest in America, at 16.59%, which is higher than appreciation rates in 99.26% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Austin. Austin appreciation rates in the latest quarter were at 2.84%, which equates to an annual appreciation rate of 11.85%.

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

Relative to Indiana, our data show that Austin's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$99,634

Austin, IN HOME PRICES

Value Range
> $1,228,000 0.0
$921,001 - $1,228,000 0.0
$614,001 - $921,000 0.6
$491,001 - $614,000 0.0
$369,001 - $491,000 0.7
$246,001 - $369,000 4.9
$123,001 - $246,000 30.1
$61,001 - $123,000 45.4
$0 - $61,000 18.3

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
77.6690495722489 76.0180995475113

Number Of Homes And Apartments:
1,635

Rent & Ownership

 

Average Market Rent:
$764 / per month

Homeownership Rate

Homeownership
Owners 65.69
Renters 34.31
Vacant 14.75

Housing Market Details

 

Age of Homes

AGE OF Austin HOMES
2000 or Newer 6.3
1970 - 1999 44.1
1940 - 1969 40.4
1939 or Older 9.3

Types of Homes

TYPE OF Austin HOMES
Single-Family 71.7
Townhomes 2.1
Small Apt. Buildings 5.8
Apt. Complexes 8.2
Mobile Homes 12.1
Other 0.0

Home Size

SIZE OF Austin HOMES
No Bedroom 1.67
1 Bedroom 9.44
2 Bedrooms 24.56
3 Bedrooms 53.02
4 Bedrooms 10.53
5 or more bedrooms 0.78

Austin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
26.92% 1.39% 7 3
* 10 is highest

Popular Neighborhoods in Austin

Zip Codes in Austin, IN