Charlestown, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Charlestown Neighborhoods Since 2000




Charlestown, 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

Charlestown Housing Market Information

With 8,088 people, 2,956 houses or apartments, and a median cost of homes of $185,250, Charlestown real estate is some of the most expensive in Indiana, although Charlestown home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Charlestown, accounting for 73.92% of the city's housing units. Other types of housing that are prevalent in Charlestown include duplexes, homes converted to apartments or other small apartment buildings ( 11.46%), large apartment complexes or high rise apartments ( 7.90%), and a few row houses and other attached homes ( 6.13%).

The most prevalent building size and type in Charlestown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.96% owning and 41.04% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Charlestown's housing was primarily built during this period, from the '40s through the '60s. A full 43.16% of the city's housing hails from this era. Other housing ages represented in Charlestown include homes built between 1970-1999 ( 33.88%) and housing constructed between 2000 and later ( 15.59%). There's also some housing in Charlestown built before 1939 ( 7.37%).

Vacant housing appears to be an issue in Charlestown. Fully 12.91% of the housing stock is classified as vacant. Left unchecked, vacant Charlestown homes and apartments can be a drag on the real estate market, holding Charlestown 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.

Charlestown Home Appreciation Rates

Appreciation rates for homes in Charlestown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.53%, which ranks in the top 30% nationwide. This equates to an annual average Charlestown house appreciation rate of 1.19%.

Appreciation rates are so strong in Charlestown that despite a nationwide downturn in the housing market, Charlestown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Charlestown appreciation rates continue to be some of the highest in America, at 6.18%, which is higher than appreciation rates in 75.57% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Charlestown. Charlestown appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.95%.

Importantly, this makes Charlestown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$185,250

Charlestown, IN HOME PRICES

Value Range
> $1,157,000 0.0
$868,001 - $1,157,000 0.0
$579,001 - $868,000 2.2
$462,001 - $579,000 1.0
$347,001 - $462,000 7.1
$231,001 - $347,000 23.0
$115,001 - $231,000 35.6
$58,001 - $115,000 22.6
$0 - $58,000 8.5

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
36.3412633305988 10.6334841628959

Number Of Homes And Apartments:
2,956

Charlestown 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
26.72% 1.38% 8 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,007 / per month

Homeownership Rate

Homeownership
Owners 58.96
Renters 41.04
Vacant 12.91

Housing Market Details

 

Age of Homes

AGE OF Charlestown HOMES
2000 or Newer 15.6
1970 - 1999 33.9
1940 - 1969 43.2
1939 or Older 7.4

Types of Homes

TYPE OF Charlestown HOMES
Single-Family 73.9
Townhomes 6.1
Small Apt. Buildings 11.5
Apt. Complexes 7.9
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Charlestown HOMES
No Bedroom 1.65
1 Bedroom 9.78
2 Bedrooms 25.69
3 Bedrooms 49.15
4 Bedrooms 10.22
5 or more bedrooms 3.51