Bunker Hill, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bunker Hill, 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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bunker Hill Housing Market Information

With 859 people, 226 houses or apartments, and a median cost of homes of $114,929, 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 59.87% of the town's housing units. Other types of housing that are prevalent in Bunker Hill include mobile homes or trailers ( 19.40%), large apartment complexes or high rise apartments ( 13.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.02%).

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 73.01% of Bunker Hill's homes, and 58.86% have either three or four bedrooms, which is average sized relative to America.

The housing in Bunker Hill was primarily built before 1939 ( 38.13%), 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 ( 31.44%), followed by between 1940-1969 ( 28.09%). There's also some housing in Bunker Hill built between 2000 and later ( 2.34%).

Vacant housing appears to be an issue in Bunker Hill. Fully 24.41% 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 5.93%, which ranks in the top 50% nationwide. This equates to an annual average Bunker Hill house appreciation rate of 0.58%.

NeighborhoodScout's data show that during the latest twelve months, Bunker Hill's appreciation rate, at 5.83%, has been at or slightly above the national average. In the latest quarter, Bunker Hill's appreciation rate has been 0.82%, which annualizes to a rate of 3.30%.

Relative to Indiana, our data show that Bunker Hill's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$114,929

Bunker Hill, IN HOME PRICES

Value Range
> $1,129,408 0.0
$847,033 - $1,129,408 0.0
$564,679 - $847,032 0.4
$451,968 - $564,678 0.6
$338,916 - $451,967 0.8
$225,816 - $338,915 10.1
$112,909 - $225,815 33.3
$56,562 - $112,908 33.7
$0 - $56,561 21.2

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
71.8686131386861 64.9321266968326

Number Of Homes And Apartments:
226

Bunker Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
15.07% 0.77%
3
1
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$844 / per month

Homeownership Rate

Homeownership
Owners 73.01
Renters 26.99
Vacant 24.41

Housing Market Details

 

Age of Homes

AGE OF Bunker Hill HOMES
2000 or Newer 2.3
1970 - 1999 31.4
1940 - 1969 28.1
1939 or Older 38.1

Types of Homes

TYPE OF Bunker Hill HOMES
Single-Family 59.9
Townhomes 2.0
Small Apt. Buildings 5.0
Apt. Complexes 13.7
Mobile Homes 19.4
Other 0.0

Home Size

SIZE OF Bunker Hill HOMES
No Bedroom 0.00
1 Bedroom 6.02
2 Bedrooms 35.12
3 Bedrooms 50.50
4 Bedrooms 8.36
5 or more bedrooms 0.00


Popular Neighborhoods in Bunker Hill

Zip Codes in Bunker Hill, IN