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


Cedar Lake Housing Market Information

With 12,000 people, 4,013 houses or apartments, and a median cost of homes of $183,155, 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 83.29% of the town's housing units. Other types of housing that are prevalent in Cedar Lake include row houses and other attached homes ( 6.06%), duplexes, homes converted to apartments or other small apartment buildings ( 5.54%), and a few large apartment complexes or high rise apartments ( 3.45%).

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 80.47% of Cedar Lake's homes, and 65.18% 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 ( 27.47%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.35%). There's also some housing in Cedar Lake built before 1939 ( 17.94%).

Vacant housing appears to be an issue in Cedar Lake. Fully 13.48% 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 3.14%, which ranks in the top 50% nationwide. This equates to an annual average Cedar Lake house appreciation rate of 0.31%.

NeighborhoodScout's data show that during the latest twelve months, Cedar Lake's appreciation rate, at 4.74%, has been at or slightly above the national average. In the latest quarter, Cedar Lake's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

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

Average Home Values

 

Median Home Value:
$183,155

Cedar Lake, IN HOME PRICES

Value Range
> $1,113,000 0.2
$835,001 - $1,113,000 0.4
$556,001 - $835,000 1.5
$445,001 - $556,000 1.5
$334,001 - $445,000 5.0
$223,001 - $334,000 24.2
$111,001 - $223,000 47.4
$56,001 - $111,000 15.6
$0 - $56,000 4.3

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
38.2385664929437 12.4434389140271

Number Of Homes And Apartments:
4,013

Rent & Ownership

 

Average Market Rent:
$924 / per month

Homeownership Rate

Homeownership
Owners 80.47
Renters 19.53
Vacant 13.48

Housing Market Details

 

Age of Homes

AGE OF Cedar Lake HOMES
2000 or Newer 20.4
1970 - 1999 34.2
1940 - 1969 27.5
1939 or Older 17.9

Types of Homes

TYPE OF Cedar Lake HOMES
Single-Family 83.3
Townhomes 6.1
Small Apt. Buildings 5.5
Apt. Complexes 3.4
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Cedar Lake HOMES
No Bedroom 0.34
1 Bedroom 5.58
2 Bedrooms 26.43
3 Bedrooms 47.22
4 Bedrooms 17.96
5 or more bedrooms 2.46

Cedar Lake Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
28.32% 1.48% 7 3
* 10 is highest