Crown Point, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Crown Point, IN Real Estate Data


Crown Point Housing Market Information

With 28,879 people, 10,773 houses or apartments, and a median cost of homes of $205,709, 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 64.67% of the city's housing units. Other types of housing that are prevalent in Crown Point include row houses and other attached homes ( 14.98%), large apartment complexes or high rise apartments ( 14.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.42%).

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 73.03% of Crown Point's homes, and 60.85% 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 ( 28.22%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.92%). There's also some housing in Crown Point built before 1939 ( 8.58%).

Crown Point Home Appreciation Rates

Appreciation rates for homes in Crown Point have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.12%, which ranks in the top 50% nationwide. This equates to an annual average Crown Point house appreciation rate of 0.40%.

NeighborhoodScout's data show that during the latest twelve months, Crown Point's appreciation rate, at 5.15%, has been at or slightly above the national average. In the latest quarter, Crown Point's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Indiana, our data show that Crown Point's latest annual appreciation rate is lower than 60% 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:
$205,709

Crown Point, IN HOME PRICES

Value Range
> $1,124,000 0.4
$843,001 - $1,124,000 0.4
$562,001 - $843,000 2.5
$450,001 - $562,000 2.7
$337,001 - $450,000 8.0
$225,001 - $337,000 21.5
$112,001 - $225,000 55.7
$56,001 - $112,000 4.8
$0 - $56,000 3.9

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
31.6976049657434 6.56108597285068

Number Of Homes And Apartments:
10,773

Rent & Ownership

 

Average Market Rent:
$1,257 / per month

Homeownership Rate

Homeownership
Owners 73.03
Renters 26.97
Vacant 6.73

Housing Market Details

 

Age of Homes

AGE OF Crown Point HOMES
2000 or Newer 28.2
1970 - 1999 39.3
1940 - 1969 23.9
1939 or Older 8.6

Types of Homes

TYPE OF Crown Point HOMES
Single-Family 64.7
Townhomes 15.0
Small Apt. Buildings 4.4
Apt. Complexes 14.6
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Crown Point HOMES
No Bedroom 1.09
1 Bedroom 4.84
2 Bedrooms 29.14
3 Bedrooms 41.67
4 Bedrooms 19.18
5 or more bedrooms 4.08

Crown Point 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
29.53% 1.53% 7 3
* 10 is highest