Granger, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Granger Neighborhoods Since 2000




Granger, 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

Granger Housing Market Information

With a population of 30,853, 10,637 total housing units (homes and apartments), and a median house value of $223,635, Granger real estate is some of the most expensive in Indiana, although Granger home values aren't among America's most expensive.

Granger is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Granger than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Granger. Owner-occupied housing accounts for 95.99% of Granger's homes, and 84.09% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Granger 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 Granger built between 1940-1969 ( 13.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.36%). There's also some housing in Granger built before 1939 ( 2.74%).

Granger Home Appreciation Rates

Appreciation rates for homes in Granger have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.39%, which ranks in the top 40% nationwide. This equates to an annual average Granger house appreciation rate of 0.72%.

NeighborhoodScout's data show that during the latest twelve months, Granger's appreciation rate, at 5.32%, has been at or slightly above the national average. In the latest quarter, Granger's appreciation rate has been 1.40%, which annualizes to a rate of 5.73%.

Relative to Indiana, our data show that Granger's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within Granger differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Granger - 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 Granger real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$223,635

Granger, IN HOME PRICES

Value Range
> $1,121,000 0.8
$840,001 - $1,121,000 1.2
$560,001 - $840,000 2.2
$448,001 - $560,000 4.1
$336,001 - $448,000 10.0
$224,001 - $336,000 27.3
$112,001 - $224,000 46.8
$56,001 - $112,000 5.4
$0 - $56,000 2.2

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
27.036212352045 4.29864253393665

Number Of Homes And Apartments:
10,637

Granger 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
26.36% 1.37% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,549 / per month

Homeownership Rate

Homeownership
Owners 95.99
Renters 4.01
Vacant 2.14

Housing Market Details

 

Age of Homes

AGE OF Granger HOMES
2000 or Newer 12.4
1970 - 1999 71.1
1940 - 1969 13.8
1939 or Older 2.7

Types of Homes

TYPE OF Granger HOMES
Single-Family 99.0
Townhomes 0.2
Small Apt. Buildings 0.1
Apt. Complexes 0.1
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Granger HOMES
No Bedroom 0.00
1 Bedroom 0.22
2 Bedrooms 5.32
3 Bedrooms 40.10
4 Bedrooms 43.99
5 or more bedrooms 10.37