Crown Point, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Crown Point, 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

Crown Point Housing Market Information

With a population of 28,879, 11,172 total housing units (homes and apartments), and a median house value of $180,704, Crown Point real estate is some of the most expensive in Indiana, although Crown Point home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Crown Point, accounting for 63.09% of the city's housing units. Other types of housing that are prevalent in Crown Point include row houses and other attached homes ( 16.63%), large apartment complexes or high rise apartments ( 13.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crown Point. Owner-occupied housing accounts for 73.60% of Crown Point's homes, and 61.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Crown Point 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 Crown Point built between 2000 and later ( 30.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.97%). There's also some housing in Crown Point built before 1939 ( 8.45%).

Crown Point Home Appreciation Rates

Real estate appreciation rates in Crown Point's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.06% during the period.

Over the last year, Crown Point appreciation rates have trailed the rest of the nation. In the last twelve months, Crown Point's appreciation rate has been 2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Crown Point were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Indiana, our data show that Crown Point's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Crown Point differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crown Point - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Crown Point real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$180,704

Crown Point, IN HOME PRICES

Value Range
> $1,084,000 0.5
$813,001 - $1,084,000 0.4
$542,001 - $813,000 2.8
$433,001 - $542,000 2.3
$325,001 - $433,000 7.6
$217,001 - $325,000 22.6
$109,001 - $217,000 55.0
$54,001 - $109,000 5.0
$0 - $54,000 3.8

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
37.8589007383101 11.9909502262443

Number Of Homes And Apartments:
11,172

Crown Point 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
25.37% 1.32% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,167 / per month

Homeownership Rate

Homeownership
Owners 73.60
Renters 26.40
Vacant 6.02

Housing Market Details

 

Age of Homes

AGE OF Crown Point HOMES
2000 or Newer 30.9
1970 - 1999 39.6
1940 - 1969 21.0
1939 or Older 8.5

Types of Homes

TYPE OF Crown Point HOMES
Single-Family 63.1
Townhomes 16.6
Small Apt. Buildings 5.2
Apt. Complexes 13.7
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Crown Point HOMES
No Bedroom 1.10
1 Bedroom 4.88
2 Bedrooms 27.99
3 Bedrooms 41.23
4 Bedrooms 20.37
5 or more bedrooms 4.42