Boonville, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Boonville Housing Market Information

With a population of 6,227, 2,610 total housing units (homes and apartments), and a median house value of $103,648, house prices in Boonville 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 Boonville, accounting for 77.10% of the city's housing units. Other types of housing that are prevalent in Boonville include large apartment complexes or high rise apartments ( 10.56%), duplexes, homes converted to apartments or other small apartment buildings ( 8.03%), and a few mobile homes or trailers ( 3.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Boonville. Owner-occupied housing accounts for 72.07% of Boonville's homes, and 56.30% have either three or four bedrooms, which is average sized relative to America.

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. Boonville's housing was primarily built during this period, from the '40s through the '60s. A full 35.32% of the city's housing hails from this era. Other housing ages represented in Boonville include homes built between 1970-1999 ( 32.32%) and housing constructed before 1939 ( 29.04%). There's also some housing in Boonville built between 2000 and later ( 3.32%).

Boonville Home Appreciation Rates

Real estate appreciation rates in Boonville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.82% during the period.

Over the last year, Boonville appreciation rates have trailed the rest of the nation. In the last twelve months, Boonville's appreciation rate has been 2.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boonville were at 1.97%, which equates to an annual appreciation rate of 8.10%.

Importantly, this makes Boonville one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Indiana, our data show that Boonville's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.

Average Home Values

 
info

Median Home Value:
$103,648

Boonville, IN HOME PRICES

> $1,142,000
0.1%
0.1%
$856,001 - $1,142,000
0.5%
0.5%
$571,001 - $856,000
0.3%
0.3%
$457,001 - $571,000
0.3%
0.3%
$343,001 - $457,000
3.0%
3.0%
$228,001 - $343,000
9.2%
9.2%
$115,001 - $228,000
34.2%
34.2%
$57,001 - $115,000
45.9%
45.9%
$0 - $57,000
6.7%
6.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for IN

Value Relative To Nation

Number Of Homes And Apartments:
2,610

Boonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
37.14% 1.53%
3
2
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$827 / per month

Homeownership Rate

Owners
72.1%
72.1%
Renters
27.9%
27.9%
Vacant
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
3.3%
3.3%
1970 - 1999
32.3%
32.3%
1940 - 1969
35.3%
35.3%
1939 or Older
29.0%
29.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
77.1%
77.1%
Townhomes
1.3%
1.3%
Small Apt. Buildings
8.0%
8.0%
Apt. Complexes
10.6%
10.6%
Mobile Homes
3.0%
3.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
8.4%
8.4%
2 Bedrooms
30.6%
30.6%
3 Bedrooms
47.6%
47.6%
4 Bedrooms
8.7%
8.7%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Boonville

Zip Codes in Boonville, IN