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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 13,347 people, 5,541 houses or apartments, and a median cost of homes of $106,527, house prices in Bedford are solidly below the national average.
Single-family detached homes are the single most common housing type in Bedford, accounting for 76.81% of the city's housing units. Other types of housing that are prevalent in Bedford include duplexes, homes converted to apartments or other small apartment buildings ( 9.96%), large apartment complexes or high rise apartments ( 9.69%), and a few mobile homes or trailers ( 2.63%).
People in Bedford primarily live in small (one, two or no bedroom) single-family detached homes. Bedford has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Bedford 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 Bedford built between 1940-1969 ( 31.67%). A lesser amount of the housing stock also hails from before 1939 ( 30.80%). There's also some housing in Bedford built between 2000 and later ( 4.79%).
Vacant housing appears to be an issue in Bedford. Fully 12.16% of the housing stock is classified as vacant. Left unchecked, vacant Bedford homes and apartments can be a drag on the real estate market, holding Bedford 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.
Real estate appreciation rates in Bedford's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.11% during the period.
Over the last year, Bedford appreciation rates have trailed the rest of the nation. In the last twelve months, Bedford's appreciation rate has been -1.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bedford were at -1.14%, which equates to an annual appreciation rate of -4.49%.
Notably, Bedford's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Bedford's latest annual appreciation rate is lower than 90% 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 Bedford differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bedford - 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 Bedford real estate investment or home purchase decisions.
|$767,001 - $1,023,000||0.0|
|$511,001 - $767,000||0.4|
|$409,001 - $511,000||0.2|
|$307,001 - $409,000||3.0|
|$204,001 - $307,000||3.6|
|$102,001 - $204,000||32.4|
|$51,001 - $102,000||44.5|
|$0 - $51,000||15.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Bedford HOMES|
|2000 or Newer||4.8|
|1970 - 1999||32.7|
|1940 - 1969||31.7|
|1939 or Older||30.8|
|TYPE OF Bedford HOMES|
|Small Apt. Buildings||10.0|
|SIZE OF Bedford HOMES|
|5 or more bedrooms||2.22|