Corydon, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Corydon Neighborhoods Since 2000




Corydon, 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

Corydon Housing Market Information

With 3,144 people, 1,491 houses or apartments, and a median cost of homes of $132,477, house prices in Corydon are solidly below the national average.

Single-family detached homes are the single most common housing type in Corydon, accounting for 64.18% of the town's housing units. Other types of housing that are prevalent in Corydon include duplexes, homes converted to apartments or other small apartment buildings ( 16.58%), large apartment complexes or high rise apartments ( 13.80%), and a few mobile homes or trailers ( 4.38%).

People in Corydon primarily live in small (one, two or no bedroom) single-family detached homes. Corydon has a mixture of owner-occupied and renter-occupied housing.

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. Corydon's housing was primarily built during this period, from the '40s through the '60s. A full 30.61% of the town's housing hails from this era. Other housing ages represented in Corydon include homes built before 1939 ( 27.83%) and housing constructed between 1970-1999 ( 25.22%). There's also some housing in Corydon built between 2000 and later ( 16.34%).

Vacant housing appears to be an issue in Corydon. Fully 11.72% of the housing stock is classified as vacant. Left unchecked, vacant Corydon homes and apartments can be a drag on the real estate market, holding Corydon 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.

Corydon Home Appreciation Rates

Real estate appreciation rates in Corydon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

NeighborhoodScout's data show that during the latest twelve months, Corydon's appreciation rate, at 4.75%, has been at or slightly above the national average. In the latest quarter, Corydon's appreciation rate has been 1.69%, which annualizes to a rate of 6.95%.

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

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

Average Home Values

 

Median Home Value:
$132,477

Corydon, IN HOME PRICES

Value Range
> $1,089,000 0.0
$817,001 - $1,089,000 0.0
$544,001 - $817,000 0.0
$436,001 - $544,000 1.3
$327,001 - $436,000 8.2
$217,001 - $327,000 9.0
$109,001 - $217,000 46.4
$55,001 - $109,000 25.8
$0 - $55,000 9.3

Average for IN
Average for Nation

Value Relative to Nation Value Relative to State
58.514004453299 42.5339366515837

Number Of Homes And Apartments:
1,491

Corydon 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
22.30% 1.17% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$851 / per month

Homeownership Rate

Homeownership
Owners 55.94
Renters 44.06
Vacant 11.72

Housing Market Details

 

Age of Homes

AGE OF Corydon HOMES
2000 or Newer 16.3
1970 - 1999 25.2
1940 - 1969 30.6
1939 or Older 27.8

Types of Homes

TYPE OF Corydon HOMES
Single-Family 64.2
Townhomes 1.1
Small Apt. Buildings 16.6
Apt. Complexes 13.8
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Corydon HOMES
No Bedroom 3.67
1 Bedroom 17.47
2 Bedrooms 34.28
3 Bedrooms 36.18
4 Bedrooms 5.74
5 or more bedrooms 2.66