Demotte, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Demotte, 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

Demotte Housing Market Information

With 7,421 people, 1,737 houses or apartments, and a median cost of homes of $174,667, Demotte real estate is some of the most expensive in Indiana, although Demotte home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Demotte, accounting for 88.73% of the town's housing units. Other types of housing that are prevalent in Demotte include mobile homes or trailers ( 7.10%), large apartment complexes or high rise apartments ( 1.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Demotte. Owner-occupied housing accounts for 85.59% of Demotte's homes, and 83.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Demotte 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 Demotte built between 2000 and later ( 29.19%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.76%). There's also some housing in Demotte built before 1939 ( 6.17%).

Demotte Home Appreciation Rates

Real estate appreciation rates in Demotte's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.27% during the period.

Over the last year, Demotte appreciation rates have trailed the rest of the nation. In the last twelve months, Demotte's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Demotte were at 0.43%, which equates to an annual appreciation rate of 1.74%.

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

Average Home Values

 

Median Home Value:
$174,667

Demotte, IN HOME PRICES

Value Range
> $1,095,000 0.0
$821,001 - $1,095,000 0.4
$548,001 - $821,000 0.7
$438,001 - $548,000 0.7
$329,001 - $438,000 8.2
$219,001 - $329,000 17.2
$110,001 - $219,000 51.6
$55,001 - $110,000 12.9
$0 - $55,000 8.3

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
39.9976561584437 14.027149321267

Number Of Homes And Apartments:
1,737

Demotte 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
18.73% 1.00% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,339 / per month

Homeownership Rate

Homeownership
Owners 85.59
Renters 14.41
Vacant 9.91

Housing Market Details

 

Age of Homes

AGE OF Demotte HOMES
2000 or Newer 29.2
1970 - 1999 47.9
1940 - 1969 16.8
1939 or Older 6.2

Types of Homes

TYPE OF Demotte HOMES
Single-Family 88.7
Townhomes 0.6
Small Apt. Buildings 1.8
Apt. Complexes 1.8
Mobile Homes 7.1
Other 0.0

Home Size

SIZE OF Demotte HOMES
No Bedroom 0.00
1 Bedroom 2.40
2 Bedrooms 9.99
3 Bedrooms 63.35
4 Bedrooms 19.85
5 or more bedrooms 4.41

Popular Neighborhoods in Demotte

Zip Codes in Demotte, IN