Beech Grove, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Beech Grove Neighborhoods Since 2000




Beech Grove, 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

Beech Grove Housing Market Information

With 14,548 people, 5,425 houses or apartments, and a median cost of homes of $94,675, house prices in Beech Grove are solidly below the national average.

Single-family detached homes are the single most common housing type in Beech Grove, accounting for 63.10% of the city's housing units. Other types of housing that are prevalent in Beech Grove include large apartment complexes or high rise apartments ( 22.78%), duplexes, homes converted to apartments or other small apartment buildings ( 7.82%), and a few row houses and other attached homes ( 6.30%).

People in Beech Grove primarily live in small (one, two or no bedroom) single-family detached homes. Beech Grove 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. Beech Grove's housing was primarily built during this period, from the '40s through the '60s. A full 53.19% of the city's housing hails from this era. Other housing ages represented in Beech Grove include homes built between 1970-1999 ( 33.84%) and housing constructed before 1939 ( 9.04%). There's also some housing in Beech Grove built between 2000 and later ( 3.93%).

Beech Grove Home Appreciation Rates

Real estate appreciation rates in Beech Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.69% during the period.

Over the last year, Beech Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Beech Grove's appreciation rate has been 3.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beech Grove were at -0.60%, which equates to an annual appreciation rate of -2.40%.

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

Relative to Indiana, our data show that Beech Grove's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$94,675

Beech Grove, IN HOME PRICES

Value Range
> $1,081,000 0.0
$811,001 - $1,081,000 0.0
$540,001 - $811,000 0.4
$432,001 - $540,000 0.0
$324,001 - $432,000 0.3
$216,001 - $324,000 1.1
$108,001 - $216,000 41.9
$54,001 - $108,000 50.8
$0 - $54,000 5.6

Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
81.003164186101 79.185520361991

Number Of Homes And Apartments:
5,425

Beech Grove 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
-2.76% -0.16% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$920 / per month

Homeownership Rate

Homeownership
Owners 53.12
Renters 46.88
Vacant 6.80

Housing Market Details

 

Age of Homes

AGE OF Beech Grove HOMES
2000 or Newer 3.9
1970 - 1999 33.8
1940 - 1969 53.2
1939 or Older 9.0

Types of Homes

TYPE OF Beech Grove HOMES
Single-Family 63.1
Townhomes 6.3
Small Apt. Buildings 7.8
Apt. Complexes 22.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Beech Grove HOMES
No Bedroom 0.52
1 Bedroom 14.67
2 Bedrooms 35.29
3 Bedrooms 38.12
4 Bedrooms 10.87
5 or more bedrooms 0.53