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 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.
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.
|$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|
|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 Bicknell HOMES|
|2000 or Newer||3.3|
|1970 - 1999||18.1|
|1940 - 1969||15.2|
|1939 or Older||63.4|
|TYPE OF Bicknell HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF Bicknell HOMES|
|5 or more bedrooms||2.42|