Goshen, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Goshen, 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

Goshen Housing Market Information

With 32,983 people, 12,028 houses or apartments, and a median cost of homes of $137,811, 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 54.95% of the city's housing units. Other types of housing that are prevalent in Goshen include large apartment complexes or high rise apartments ( 15.15%), duplexes, homes converted to apartments or other small apartment buildings ( 14.97%), and a few mobile homes or trailers ( 10.55%).

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 53.45% owning and 46.55% 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 ( 23.86%). A lesser amount of the housing stock also hails from before 1939 ( 19.62%). There's also some housing in Goshen built between 2000 and later ( 18.18%).

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 3.96%, which ranks in the top 50% nationwide. This equates to an annual average Goshen house appreciation rate of 0.39%.

NeighborhoodScout's data show that during the latest twelve months, Goshen's appreciation rate, at 4.05%, has been at or slightly above the national average. In the latest quarter, Goshen's appreciation rate has been 1.08%, which annualizes to a rate of 4.38%.

Relative to Indiana, our data show that Goshen's latest annual appreciation rate is higher 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:
$137,811

Goshen, IN HOME PRICES

Value Range
> $1,164,000 0.2
$873,001 - $1,164,000 0.0
$582,001 - $873,000 0.5
$465,001 - $582,000 0.6
$349,001 - $465,000 1.6
$233,001 - $349,000 7.2
$116,001 - $233,000 51.7
$58,001 - $116,000 25.5
$0 - $58,000 12.6

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
55.8303058713231 37.5565610859729

Number Of Homes And Apartments:
12,028

Goshen 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
20.17% 1.07% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 53.45
Renters 46.55
Vacant 7.41

Housing Market Details

 

Age of Homes

AGE OF Goshen HOMES
2000 or Newer 18.2
1970 - 1999 38.3
1940 - 1969 23.9
1939 or Older 19.6

Types of Homes

TYPE OF Goshen HOMES
Single-Family 54.9
Townhomes 4.4
Small Apt. Buildings 15.0
Apt. Complexes 15.1
Mobile Homes 10.5
Other 0.0

Home Size

SIZE OF Goshen HOMES
No Bedroom 1.58
1 Bedroom 13.39
2 Bedrooms 31.24
3 Bedrooms 37.16
4 Bedrooms 14.23
5 or more bedrooms 2.41