Goshen, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Goshen, IN Real Estate Data


Goshen Housing Market Information

With 32,983 people, 11,946 houses or apartments, and a median cost of homes of $134,083, house prices in Goshen are solidly below the national average.

Single-family detached homes are the single most common housing type in Goshen, accounting for 55.91% of the city's housing units. Other types of housing that are prevalent in Goshen include large apartment complexes or high rise apartments ( 16.11%), duplexes, homes converted to apartments or other small apartment buildings ( 14.56%), and a few mobile homes or trailers ( 8.97%).

The most prevalent building size and type in Goshen are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.40% owning and 45.60% renting.

There is a lot of housing in Goshen 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 Goshen built between 1940-1969 ( 24.68%). A lesser amount of the housing stock also hails from before 1939 ( 19.49%). There's also some housing in Goshen built between 2000 and later ( 16.95%).

Goshen Home Appreciation Rates

Appreciation rates for homes in Goshen have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.75%, which ranks in the top 50% nationwide. This equates to an annual average Goshen house appreciation rate of 0.37%.

NeighborhoodScout's data show that during the latest twelve months, Goshen's appreciation rate, at 4.95%, has been at or slightly above the national average. In the latest quarter, Goshen's appreciation rate has been 0.42%, which annualizes to a rate of 1.68%.

Notably, Goshen's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Goshen'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 Goshen differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Goshen - 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 Goshen real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$134,083

Goshen, IN HOME PRICES

Value Range
> $1,193,000 0.1
$895,001 - $1,193,000 0.0
$597,001 - $895,000 0.3
$477,001 - $597,000 0.6
$358,001 - $477,000 1.3
$239,001 - $358,000 8.2
$119,001 - $239,000 50.0
$60,001 - $119,000 27.1
$0 - $60,000 12.5

Average for IN
Average for Nation

Value Relative to Nation Value Relative to State
58.6285647361949 43.2126696832579

Number Of Homes And Apartments:
11,946

Rent & Ownership

 

Average Market Rent:
$970 / per month

Homeownership Rate

Homeownership
Owners 54.40
Renters 45.60
Vacant 7.77

Housing Market Details

 

Age of Homes

AGE OF Goshen HOMES
2000 or Newer 17.0
1970 - 1999 38.9
1940 - 1969 24.7
1939 or Older 19.5

Types of Homes

TYPE OF Goshen HOMES
Single-Family 55.9
Townhomes 4.4
Small Apt. Buildings 14.6
Apt. Complexes 16.1
Mobile Homes 9.0
Other 0.0

Home Size

SIZE OF Goshen HOMES
No Bedroom 1.47
1 Bedroom 12.78
2 Bedrooms 28.92
3 Bedrooms 41.00
4 Bedrooms 13.55
5 or more bedrooms 2.29

Goshen 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
18.23% 0.99% 4 2
* 10 is highest