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 858, 250 total housing units (homes and apartments), and a median house value of $104,204, house prices in Bunker Hill are solidly below the national average.
Single-family detached homes are the single most common housing type in Bunker Hill, accounting for 63.03% of the town's housing units. Other types of housing that are prevalent in Bunker Hill include mobile homes or trailers ( 18.79%), large apartment complexes or high rise apartments ( 13.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.33%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bunker Hill. Owner-occupied housing accounts for 70.00% of Bunker Hill's homes, and 61.52% have either three or four bedrooms, which is average sized relative to America.
The housing in Bunker Hill was primarily built before 1939 ( 38.48%), making the housing stock in Bunker Hill some of the oldest overall in America, although there is a range of ages of homes in Bunker Hill. The next most important housing age is between 1970-1999 ( 31.82%), followed by between 1940-1969 ( 27.58%). There's also some housing in Bunker Hill built between 2000 and later ( 2.12%).
Vacant housing appears to be an issue in Bunker Hill. Fully 24.24% of the housing stock is classified as vacant. Left unchecked, vacant Bunker Hill homes and apartments can be a drag on the real estate market, holding Bunker Hill 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 Bunker Hill's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.24% during the period.
Over the last year, Bunker Hill appreciation rates have trailed the rest of the nation. In the last twelve months, Bunker Hill's appreciation rate has been 2.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bunker Hill were at -1.14%, which equates to an annual appreciation rate of -4.49%.
Notably, Bunker Hill's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Bunker Hill's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.
|$806,001 - $1,075,000||0.0|
|$538,001 - $806,000||0.5|
|$430,001 - $538,000||0.7|
|$322,001 - $430,000||0.8|
|$215,001 - $322,000||8.5|
|$108,001 - $215,000||33.6|
|$54,001 - $108,000||34.4|
|$0 - $54,000||20.8|
|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 Bunker Hill HOMES|
|2000 or Newer||2.1|
|1970 - 1999||31.8|
|1940 - 1969||27.6|
|1939 or Older||38.5|
|TYPE OF Bunker Hill HOMES|
|Small Apt. Buildings||3.3|
|SIZE OF Bunker Hill HOMES|
|5 or more bedrooms||0.00|