Cedar Lake, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cedar Lake Neighborhoods Since 2000




Cedar Lake, 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

Cedar Lake Housing Market Information

With 12,000 people, 4,148 houses or apartments, and a median cost of homes of $191,841, Cedar Lake real estate is some of the most expensive in Indiana, although Cedar Lake home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Cedar Lake, accounting for 81.00% of the town's housing units. Other types of housing that are prevalent in Cedar Lake include row houses and other attached homes ( 7.17%), large apartment complexes or high rise apartments ( 5.21%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cedar Lake. Owner-occupied housing accounts for 78.96% of Cedar Lake's homes, and 64.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cedar Lake 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 Cedar Lake built between 1940-1969 ( 26.72%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.91%). There's also some housing in Cedar Lake built before 1939 ( 18.59%).

Vacant housing appears to be an issue in Cedar Lake. Fully 11.76% of the housing stock is classified as vacant. Left unchecked, vacant Cedar Lake homes and apartments can be a drag on the real estate market, holding Cedar Lake 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.

Cedar Lake Home Appreciation Rates

Appreciation rates for homes in Cedar Lake have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.25%, which ranks in the top 50% nationwide. This equates to an annual average Cedar Lake house appreciation rate of 0.42%.

Appreciation rates are so strong in Cedar Lake that despite a nationwide downturn in the housing market, Cedar Lake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cedar Lake appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 77.04% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cedar Lake. Cedar Lake appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Indiana, our data show that Cedar Lake's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$191,841

Cedar Lake, IN HOME PRICES

Value Range
> $1,115,000 0.4
$836,001 - $1,115,000 0.6
$557,001 - $836,000 0.8
$446,001 - $557,000 1.5
$334,001 - $446,000 5.1
$223,001 - $334,000 25.7
$111,001 - $223,000 47.1
$56,001 - $111,000 15.0
$0 - $56,000 3.7

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
34.3548576116255 8.3710407239819

Number Of Homes And Apartments:
4,148

Cedar Lake 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
32.94% 1.66% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,093 / per month

Homeownership Rate

Homeownership
Owners 78.96
Renters 21.04
Vacant 11.76

Housing Market Details

 

Age of Homes

AGE OF Cedar Lake HOMES
2000 or Newer 20.9
1970 - 1999 33.8
1940 - 1969 26.7
1939 or Older 18.6

Types of Homes

TYPE OF Cedar Lake HOMES
Single-Family 81.0
Townhomes 7.2
Small Apt. Buildings 4.9
Apt. Complexes 5.2
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Cedar Lake HOMES
No Bedroom 0.43
1 Bedroom 7.42
2 Bedrooms 25.08
3 Bedrooms 47.05
4 Bedrooms 17.66
5 or more bedrooms 2.36