Bicknell, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bicknell, 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

Bicknell Housing Market Information

With 2,892 people, 1,184 houses or apartments, and a median cost of homes of $56,117, house prices in Bicknell 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 Bicknell, accounting for 82.81% of the city's housing units. Other types of housing that are prevalent in Bicknell include duplexes, homes converted to apartments or other small apartment buildings ( 8.17%), mobile homes or trailers ( 4.84%), and a few large apartment complexes or high rise apartments ( 3.46%).

People in Bicknell primarily live in small (one, two or no bedroom) single-family detached homes. Bicknell has a mixture of owner-occupied and renter-occupied housing.

The housing in Bicknell was primarily built before 1939 ( 63.40%), making the housing stock in Bicknell some of the oldest overall in America, although there is a range of ages of homes in Bicknell. The next most important housing age is between 1970-1999 ( 18.10%), followed by between 1940-1969 ( 15.23%). There's also some housing in Bicknell built between 2000 and later ( 3.27%).

Vacant housing appears to be an issue in Bicknell. Fully 22.61% of the housing stock is classified as vacant. Left unchecked, vacant Bicknell homes and apartments can be a drag on the real estate market, holding Bicknell 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.

Bicknell Home Appreciation Rates

Appreciation rates for homes in Bicknell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.35%, which ranks in the top 40% nationwide. This equates to an annual average Bicknell house appreciation rate of 0.81%.

Appreciation rates are so strong in Bicknell that despite a nationwide downturn in the housing market, Bicknell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bicknell appreciation rates continue to be some of the highest in America, at 5.71%, which is higher than appreciation rates in 71.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bicknell. Bicknell appreciation rates in the latest quarter were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Indiana, our data show that Bicknell's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$56,117

Bicknell, IN HOME PRICES

Value Range
> $1,076,000 0.0
$807,001 - $1,076,000 0.0
$538,001 - $807,000 0.0
$431,001 - $538,000 0.0
$323,001 - $431,000 0.0
$215,001 - $323,000 0.2
$107,001 - $215,000 7.6
$54,001 - $107,000 46.6
$0 - $54,000 45.6

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
98.6815891245752 99.5475113122172

Number Of Homes And Apartments:
1,184

Bicknell 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
26.45% 1.37% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$651 / per month

Homeownership Rate

Homeownership
Owners 60.87
Renters 39.13
Vacant 22.61

Housing Market Details

 

Age of Homes

AGE OF Bicknell HOMES
2000 or Newer 3.3
1970 - 1999 18.1
1940 - 1969 15.2
1939 or Older 63.4

Types of Homes

TYPE OF Bicknell HOMES
Single-Family 82.8
Townhomes 0.7
Small Apt. Buildings 8.2
Apt. Complexes 3.5
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Bicknell HOMES
No Bedroom 0.00
1 Bedroom 10.13
2 Bedrooms 53.92
3 Bedrooms 26.14
4 Bedrooms 7.39
5 or more bedrooms 2.42

Popular Neighborhoods in Bicknell

Zip Codes in Bicknell, IN