Bremen, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lowest

Highest Appreciating Bremen Neighborhoods Since 2000




Bremen, 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

Bremen Housing Market Information

With a population of 4,565, 1,699 total housing units (homes and apartments), and a median house value of $131,109, house prices in Bremen are solidly below the national average.

Single-family detached homes are the single most common housing type in Bremen, accounting for 61.82% of the town's housing units. Other types of housing that are prevalent in Bremen include large apartment complexes or high rise apartments ( 15.79%), duplexes, homes converted to apartments or other small apartment buildings ( 11.17%), and a few row houses and other attached homes ( 10.43%).

The most prevalent building size and type in Bremen are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.23% owning and 42.77% renting.

There is a lot of housing in Bremen 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 Bremen built before 1939 ( 37.39%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.15%). There's also some housing in Bremen built between 2000 and later ( 3.95%).

Bremen Home Appreciation Rates

Appreciation rates for homes in Bremen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.67%, which ranks in the top 50% nationwide. This equates to an annual average Bremen house appreciation rate of 0.36%.

Over the last year, Bremen appreciation rates have trailed the rest of the nation. In the last twelve months, Bremen's appreciation rate has been 1.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bremen were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$131,109

Bremen, IN HOME PRICES

Value Range
> $1,090,000 0.0
$818,001 - $1,090,000 0.0
$545,001 - $818,000 0.0
$436,001 - $545,000 0.0
$327,001 - $436,000 0.8
$218,001 - $327,000 6.3
$109,001 - $218,000 57.2
$55,001 - $109,000 30.6
$0 - $55,000 5.1

Average for IN
Average for Nation

Value Relative to Nation Value Relative to State
59.2816125629907 43.6651583710407

Number Of Homes And Apartments:
1,699

Bremen 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
27.49% 1.42% 8 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$755 / per month

Homeownership Rate

Homeownership
Owners 57.23
Renters 42.77
Vacant 4.17

Housing Market Details

 

Age of Homes

AGE OF Bremen HOMES
2000 or Newer 3.9
1970 - 1999 41.5
1940 - 1969 17.1
1939 or Older 37.4

Types of Homes

TYPE OF Bremen HOMES
Single-Family 61.8
Townhomes 10.4
Small Apt. Buildings 11.2
Apt. Complexes 15.8
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Bremen HOMES
No Bedroom 1.97
1 Bedroom 11.73
2 Bedrooms 23.41
3 Bedrooms 44.67
4 Bedrooms 15.45
5 or more bedrooms 2.76