Greenfield, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Greenfield, IN Real Estate Data


Greenfield Housing Market Information

With 21,497 people, 8,156 houses or apartments, and a median cost of homes of $151,807, Greenfield real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Greenfield, accounting for 69.19% of the city's housing units. Other types of housing that are prevalent in Greenfield include large apartment complexes or high rise apartments ( 13.87%), duplexes, homes converted to apartments or other small apartment buildings ( 10.10%), and a few row houses and other attached homes ( 5.49%).

The most prevalent building size and type in Greenfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.12% owning and 40.88% renting.

Greenfield homes and real estate are some of the newest in America. 33.66% of Greenfield's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Greenfield real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.98%), and between 1940-1969 ( 19.72%). There's also some housing in Greenfield built before 1939 ( 13.63%).

Vacant housing appears to be an issue in Greenfield. Fully 10.63% of the housing stock is classified as vacant. Left unchecked, vacant Greenfield homes and apartments can be a drag on the real estate market, holding Greenfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Greenfield Home Appreciation Rates

Real estate appreciation rates in Greenfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.14% during the period.

NeighborhoodScout's data show that during the latest twelve months, Greenfield's appreciation rate, at 4.38%, has been at or slightly above the national average. In the latest quarter, Greenfield's appreciation rate has been 0.21%, which annualizes to a rate of 0.84%.

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

Average Home Values

 

Median Home Value:
$151,807

Greenfield, IN HOME PRICES

Value Range
> $1,103,000 0.0
$828,001 - $1,103,000 0.0
$552,001 - $828,000 0.4
$442,001 - $552,000 0.8
$331,001 - $442,000 1.9
$220,001 - $331,000 8.4
$110,001 - $220,000 55.0
$55,001 - $110,000 25.7
$0 - $55,000 7.7

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
49.0097269424587 27.6018099547511

Number Of Homes And Apartments:
8,156

Rent & Ownership

 

Average Market Rent:
$979 / per month

Homeownership Rate

Homeownership
Owners 59.12
Renters 40.88
Vacant 10.63

Housing Market Details

 

Age of Homes

AGE OF Greenfield HOMES
2000 or Newer 33.7
1970 - 1999 33.0
1940 - 1969 19.7
1939 or Older 13.6

Types of Homes

TYPE OF Greenfield HOMES
Single-Family 69.2
Townhomes 5.5
Small Apt. Buildings 10.1
Apt. Complexes 13.9
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Greenfield HOMES
No Bedroom 1.60
1 Bedroom 8.77
2 Bedrooms 30.69
3 Bedrooms 45.93
4 Bedrooms 11.92
5 or more bedrooms 1.08

Greenfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
9.37% 0.52% 2 1
* 10 is highest