Boonville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Boonville, IN Real Estate Data


Boonville Housing Market Information

With a population of 6,180, 2,430 total housing units (homes and apartments), and a median house value of $90,400, 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 73.76% of the city's housing units. Other types of housing that are prevalent in Boonville include duplexes, homes converted to apartments or other small apartment buildings ( 12.00%), large apartment complexes or high rise apartments ( 7.46%), and a few mobile homes or trailers ( 5.02%).

Dwellings in Boonville tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.72% of the homes in Boonville have two or fewer bedrooms.

The housing in Boonville was primarily built before 1939 ( 33.63%), making the housing stock in Boonville some of the oldest overall in America, although there is a range of ages of homes in Boonville. The next most important housing age is between 1970-1999 ( 32.98%), followed by between 1940-1969 ( 29.06%). There's also some housing in Boonville built between 2000 and later ( 4.33%).

Vacant housing appears to be an issue in Boonville. Fully 16.44% of the housing stock is classified as vacant. Left unchecked, vacant Boonville homes and apartments can be a drag on the real estate market, holding Boonville 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.

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 -0.16% 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 1.20%, 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 -1.36%, which equates to an annual appreciation rate of -5.35%.

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

Relative to Indiana, our data show that Boonville's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$90,400

Boonville, IN HOME PRICES

Value Range
> $1,047,000 0.0
$785,001 - $1,047,000 0.1
$524,001 - $785,000 0.3
$419,001 - $524,000 0.2
$314,001 - $419,000 2.6
$209,001 - $314,000 5.3
$105,001 - $209,000 31.1
$52,001 - $105,000 44.7
$0 - $52,000 15.6

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
83.5579514824798 83.9366515837104

Number Of Homes And Apartments:
2,430

Rent & Ownership

 

Average Market Rent:
$774 / per month

Homeownership Rate

Homeownership
Owners 66.70
Renters 33.30
Vacant 16.44

Housing Market Details

 

Age of Homes

AGE OF Boonville HOMES
2000 or Newer 4.3
1970 - 1999 33.0
1940 - 1969 29.1
1939 or Older 33.6

Types of Homes

TYPE OF Boonville HOMES
Single-Family 73.8
Townhomes 1.8
Small Apt. Buildings 12.0
Apt. Complexes 7.5
Mobile Homes 5.0
Other 0.0

Home Size

SIZE OF Boonville HOMES
No Bedroom 0.58
1 Bedroom 13.69
2 Bedrooms 37.45
3 Bedrooms 36.80
4 Bedrooms 9.70
5 or more bedrooms 1.79

Boonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
15.68% 0.85% 4 2
* 10 is highest

Popular Neighborhoods in Boonville

Zip Codes in Boonville, IN