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 a population of 6,180, 2,430 total housing units (homes and apartments), and a median house value of $90,066, 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.
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 -0.14% 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 0.87%, 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 -0.70%, which equates to an annual appreciation rate of -2.75%.
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 80% of the other cities and towns in Indiana.
|$782,001 - $1,044,000||0.1|
|$522,001 - $782,000||0.3|
|$417,001 - $522,000||0.2|
|$313,001 - $417,000||2.6|
|$209,001 - $313,000||5.3|
|$104,001 - $209,000||31.1|
|$52,001 - $104,000||44.7|
|$0 - $52,000||15.6|
|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 Boonville HOMES|
|2000 or Newer||4.3|
|1970 - 1999||33.0|
|1940 - 1969||29.1|
|1939 or Older||33.6|
|TYPE OF Boonville HOMES|
|Small Apt. Buildings||12.0|
|SIZE OF Boonville HOMES|
|5 or more bedrooms||1.79|