Bunker Hill, IN Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Bunker Hill, IN Housing Market Trends

With a population of 851, 216 total housing units (homes and apartments), and a median house value of $140,919, 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 65.60% of the town's housing units. Other types of housing that are prevalent in Bunker Hill include mobile homes or trailers ( 15.60%), large apartment complexes or high rise apartments ( 11.35%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.67%).

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 71.30% of Bunker Hill's homes, and 65.25% have either three or four bedrooms, which is average sized relative to America.

The housing in Bunker Hill was primarily built before 1939 ( 40.43%), 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 ( 33.69%), followed by between 1940-1969 ( 21.99%). There's also some housing in Bunker Hill built between 2000 and later ( 3.90%).

Vacant housing appears to be an issue in Bunker Hill. Fully 23.40% 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.

Bunker Hill Home Appreciation Rates

Appreciation rates for homes in Bunker Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 40.68%, which ranks in the top 40% nationwide. This equates to an annual average Bunker Hill house appreciation rate of 3.47%.

NeighborhoodScout's data show that during the latest twelve months, Bunker Hill's appreciation rate, at 6.14%, has been at or slightly above the national average. In the latest quarter, Bunker Hill's appreciation rate has been 2.28%, which annualizes to a rate of 9.42%.

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.

Average Home Values

 

Median Home Value:
$140,919

Bunker Hill, IN HOME PRICES

> $1,202,000
1.9%
1.9%
$901,001 - $1,202,000
0.8%
0.8%
$601,001 - $901,000
0.0%
0.0%
$481,001 - $601,000
0.6%
0.6%
$361,001 - $481,000
3.3%
3.3%
$240,001 - $361,000
11.4%
11.4%
$120,001 - $240,000
39.6%
39.6%
$60,001 - $120,000
26.9%
26.9%
$0 - $60,000
15.5%
15.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for IN

Value Relative To Nation

Number Of Homes And Apartments:
216

Bunker Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
42.13% 1.69%
4
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$828 / per month

Homeownership Rate

Owners
71.3%
71.3%
Renters
28.7%
28.7%
Vacant
23.4%
23.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.9%
3.9%
1970 - 1999
33.7%
33.7%
1940 - 1969
22.0%
22.0%
1939 or Older
40.4%
40.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
65.6%
65.6%
Townhomes
1.8%
1.8%
Small Apt. Buildings
5.7%
5.7%
Apt. Complexes
11.3%
11.3%
Mobile Homes
15.6%
15.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
6.7%
6.7%
2 Bedrooms
27.3%
27.3%
3 Bedrooms
51.1%
51.1%
4 Bedrooms
14.2%
14.2%
5 or more bedrooms
0.7%
0.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Bunker Hill

Zip Codes in Bunker Hill, IN