Chesterton, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Chesterton Neighborhoods Since 2000




Chesterton, 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

Chesterton Housing Market Information

With 13,433 people, 5,191 houses or apartments, and a median cost of homes of $182,879, Chesterton real estate is some of the most expensive in Indiana, although Chesterton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Chesterton, accounting for 67.81% of the town's housing units. Other types of housing that are prevalent in Chesterton include large apartment complexes or high rise apartments ( 14.22%), row houses and other attached homes ( 10.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.57%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chesterton. Owner-occupied housing accounts for 71.64% of Chesterton's homes, and 62.49% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Chesterton 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 Chesterton built between 2000 and later ( 25.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.08%). There's also some housing in Chesterton built before 1939 ( 12.64%).

Chesterton Home Appreciation Rates

Real estate appreciation rates in Chesterton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.23% during the period.

Over the last year, Chesterton appreciation rates have trailed the rest of the nation. In the last twelve months, Chesterton's appreciation rate has been 2.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chesterton were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$182,879

Chesterton, IN HOME PRICES

Value Range
> $1,064,000 0.0
$798,001 - $1,064,000 0.4
$532,001 - $798,000 2.5
$426,001 - $532,000 2.5
$319,001 - $426,000 5.2
$213,001 - $319,000 21.5
$106,001 - $213,000 54.8
$53,001 - $106,000 7.6
$0 - $53,000 5.5

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
37.1703972811438 11.4253393665158

Number Of Homes And Apartments:
5,191

Chesterton 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
20.28% 1.08% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,049 / per month

Homeownership Rate

Homeownership
Owners 71.64
Renters 28.36
Vacant 5.76

Housing Market Details

 

Age of Homes

AGE OF Chesterton HOMES
2000 or Newer 25.8
1970 - 1999 38.5
1940 - 1969 23.1
1939 or Older 12.6

Types of Homes

TYPE OF Chesterton HOMES
Single-Family 67.8
Townhomes 10.1
Small Apt. Buildings 7.6
Apt. Complexes 14.2
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Chesterton HOMES
No Bedroom 1.38
1 Bedroom 6.06
2 Bedrooms 23.89
3 Bedrooms 47.10
4 Bedrooms 15.40
5 or more bedrooms 6.17