Bluffton, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bluffton Neighborhoods Since 2000




Bluffton, 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

Bluffton Housing Market Information

With 10,005 people, 3,997 houses or apartments, and a median cost of homes of $112,140, house prices in Bluffton are solidly below the national average.

Single-family detached homes are the single most common housing type in Bluffton, accounting for 70.89% of the city's housing units. Other types of housing that are prevalent in Bluffton include large apartment complexes or high rise apartments ( 13.07%), duplexes, homes converted to apartments or other small apartment buildings ( 6.93%), and a few mobile homes or trailers ( 6.84%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bluffton. Owner-occupied housing accounts for 65.98% of Bluffton's homes, and 55.87% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bluffton 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 Bluffton built before 1939 ( 29.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.36%). There's also some housing in Bluffton built between 2000 and later ( 8.71%).

Vacant housing appears to be an issue in Bluffton. Fully 11.18% of the housing stock is classified as vacant. Left unchecked, vacant Bluffton homes and apartments can be a drag on the real estate market, holding Bluffton 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.

Bluffton Home Appreciation Rates

Appreciation rates for homes in Bluffton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.44%, which ranks in the top 50% nationwide. This equates to an annual average Bluffton house appreciation rate of 0.04%.

Over the last year, Bluffton appreciation rates have trailed the rest of the nation. In the last twelve months, Bluffton's appreciation rate has been 3.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bluffton were at -1.88%, which equates to an annual appreciation rate of -7.30%.

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

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

Average Home Values

 

Median Home Value:
$112,140

Bluffton, IN HOME PRICES

Value Range
> $1,069,000 0.0
$802,001 - $1,069,000 0.4
$534,001 - $802,000 0.3
$428,001 - $534,000 0.4
$321,001 - $428,000 1.3
$214,001 - $321,000 5.2
$107,001 - $214,000 33.1
$53,001 - $107,000 46.1
$0 - $53,000 13.2

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
70.0281260986757 62.4434389140271

Number Of Homes And Apartments:
3,997

Bluffton 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
14.04% 0.76% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 65.98
Renters 34.02
Vacant 11.18

Housing Market Details

 

Age of Homes

AGE OF Bluffton HOMES
2000 or Newer 8.7
1970 - 1999 39.2
1940 - 1969 22.4
1939 or Older 29.7

Types of Homes

TYPE OF Bluffton HOMES
Single-Family 70.9
Townhomes 2.3
Small Apt. Buildings 6.9
Apt. Complexes 13.1
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Bluffton HOMES
No Bedroom 3.47
1 Bedroom 12.58
2 Bedrooms 26.16
3 Bedrooms 42.82
4 Bedrooms 13.04
5 or more bedrooms 1.93