Greensburg, IN Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Greensburg, IN Housing Market Trends

With a population of 11,891, 4,740 total housing units (homes and apartments), and a median house value of $151,258, 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 64.10% of the city's housing units. Other types of housing that are prevalent in Greensburg include large apartment complexes or high rise apartments ( 16.50%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), and a few mobile homes or trailers ( 4.98%).

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 55.86% owning and 44.14% 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 between 1940-1969 ( 24.44%). A lesser amount of the housing stock also hails from before 1939 ( 21.82%). There's also some housing in Greensburg built between 2000 and later ( 17.58%).

Greensburg Home Appreciation Rates

Real estate appreciation rates in Greensburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.54% during the period.

NeighborhoodScout's data show that during the latest twelve months, Greensburg's appreciation rate, at 9.43%, has been at or slightly above the national average. In the latest quarter, Greensburg's appreciation rate has been 2.77%, which annualizes to a rate of 11.56%.

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:
$151,258

Greensburg, IN HOME PRICES

> $1,243,000
0.9%
0.9%
$932,001 - $1,243,000
0.1%
0.1%
$621,001 - $932,000
1.8%
1.8%
$497,001 - $621,000
0.8%
0.8%
$373,001 - $497,000
3.9%
3.9%
$249,001 - $373,000
12.6%
12.6%
$124,001 - $249,000
44.9%
44.9%
$62,001 - $124,000
29.6%
29.6%
$0 - $62,000
5.4%
5.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for IN

Value Relative To Nation

Number Of Homes And Apartments:
4,740

Greensburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
57.75% 2.14%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,089 / per month

Homeownership Rate

Owners
55.9%
55.9%
Renters
44.1%
44.1%
Vacant
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
17.6%
17.6%
1970 - 1999
36.2%
36.2%
1940 - 1969
24.4%
24.4%
1939 or Older
21.8%
21.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
64.1%
64.1%
Townhomes
4.5%
4.5%
Small Apt. Buildings
9.9%
9.9%
Apt. Complexes
16.5%
16.5%
Mobile Homes
5.0%
5.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.0%
2.0%
1 Bedroom
10.7%
10.7%
2 Bedrooms
27.5%
27.5%
3 Bedrooms
50.9%
50.9%
4 Bedrooms
7.2%
7.2%
5 or more bedrooms
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Zip Codes in Greensburg, IN