Liberty, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Liberty, 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

Liberty Housing Market Information

With 2,038 people, 795 houses or apartments, and a median cost of homes of $109,480, house prices in Liberty are solidly below the national average.

Single-family detached homes are the single most common housing type in Liberty, accounting for 71.83% of the town's housing units. Other types of housing that are prevalent in Liberty include large apartment complexes or high rise apartments ( 12.46%), duplexes, homes converted to apartments or other small apartment buildings ( 11.90%), and a few mobile homes or trailers ( 3.48%).

The most prevalent building size and type in Liberty are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.28% owning and 39.72% renting.

The housing in Liberty was primarily built before 1939 ( 35.80%), making the housing stock in Liberty some of the oldest overall in America, although there is a range of ages of homes in Liberty. The next most important housing age is between 1970-1999 ( 33.45%), followed by between 1940-1969 ( 21.89%). There's also some housing in Liberty built between 2000 and later ( 8.87%).

Vacant housing appears to be an issue in Liberty. Fully 10.77% of the housing stock is classified as vacant. Left unchecked, vacant Liberty homes and apartments can be a drag on the real estate market, holding Liberty 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.

Liberty Home Appreciation Rates

Appreciation rates for homes in Liberty have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.25%, which ranks in the top 50% nationwide. This equates to an annual average Liberty house appreciation rate of 0.03%.

Over the last year, Liberty appreciation rates have trailed the rest of the nation. In the last twelve months, Liberty's appreciation rate has been 2.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Liberty were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Indiana, our data show that Liberty's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$109,480

Liberty, IN HOME PRICES

Value Range
> $1,082,000 0.3
$811,001 - $1,082,000 0.0
$541,001 - $811,000 0.0
$433,001 - $541,000 0.0
$325,001 - $433,000 3.8
$216,001 - $325,000 6.4
$108,001 - $216,000 34.4
$54,001 - $108,000 41.6
$0 - $54,000 13.4

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
71.7215516231103 66.0633484162896

Number Of Homes And Apartments:
795

Liberty 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
10.34% 0.57% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$854 / per month

Homeownership Rate

Homeownership
Owners 60.28
Renters 39.72
Vacant 10.77

Housing Market Details

 

Age of Homes

AGE OF Liberty HOMES
2000 or Newer 8.9
1970 - 1999 33.4
1940 - 1969 21.9
1939 or Older 35.8

Types of Homes

TYPE OF Liberty HOMES
Single-Family 71.8
Townhomes 0.3
Small Apt. Buildings 11.9
Apt. Complexes 12.5
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Liberty HOMES
No Bedroom 2.69
1 Bedroom 8.75
2 Bedrooms 28.51
3 Bedrooms 45.79
4 Bedrooms 12.35
5 or more bedrooms 1.91