Greensburg, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Greensburg, IN Real Estate Data


Greensburg Housing Market Information

With 11,819 people, 4,724 houses or apartments, and a median cost of homes of $132,236, house prices in Greensburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Greensburg, accounting for 71.13% of the city's housing units. Other types of housing that are prevalent in Greensburg include large apartment complexes or high rise apartments ( 15.09%), duplexes, homes converted to apartments or other small apartment buildings ( 8.73%), and a few mobile homes or trailers ( 2.95%).

The most prevalent building size and type in Greensburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.12% owning and 41.88% renting.

There is a lot of housing in Greensburg 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 Greensburg built before 1939 ( 24.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.23%). There's also some housing in Greensburg built between 2000 and later ( 15.78%).

Greensburg Home Appreciation Rates

Appreciation rates for homes in Greensburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.88%, which ranks in the top 40% nationwide. This equates to an annual average Greensburg house appreciation rate of 1.13%.

Appreciation rates are so strong in Greensburg that despite a nationwide downturn in the housing market, Greensburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Greensburg appreciation rates continue to be some of the highest in America, at 5.98%, which is higher than appreciation rates in 74.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Greensburg. Greensburg appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.71%.

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

Average Home Values

 

Median Home Value:
$132,236

Greensburg, IN HOME PRICES

Value Range
> $1,095,000 0.3
$821,001 - $1,095,000 0.0
$548,001 - $821,000 0.9
$438,001 - $548,000 0.2
$329,001 - $438,000 3.3
$219,001 - $329,000 9.2
$110,001 - $219,000 42.1
$55,001 - $110,000 34.4
$0 - $55,000 9.6

Average for IN
Average for Nation

Value Relative to Nation Value Relative to State
59.5889207706272 45.4751131221719

Number Of Homes And Apartments:
4,724

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 58.12
Renters 41.88
Vacant 9.55

Housing Market Details

 

Age of Homes

AGE OF Greensburg HOMES
2000 or Newer 15.8
1970 - 1999 37.9
1940 - 1969 22.2
1939 or Older 24.1

Types of Homes

TYPE OF Greensburg HOMES
Single-Family 71.1
Townhomes 2.1
Small Apt. Buildings 8.7
Apt. Complexes 15.1
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Greensburg HOMES
No Bedroom 1.86
1 Bedroom 9.50
2 Bedrooms 32.59
3 Bedrooms 45.72
4 Bedrooms 9.25
5 or more bedrooms 1.09

Greensburg 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
25.77% 1.36% 6 3
* 10 is highest

Zip Codes in Greensburg, IN