Logansport, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Logansport, 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

Logansport Housing Market Information

With a population of 17,793, 6,405 total housing units (homes and apartments), and a median house value of $59,680, house prices in Logansport are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Logansport, accounting for 75.24% of the city's housing units. Other types of housing that are prevalent in Logansport include duplexes, homes converted to apartments or other small apartment buildings ( 13.05%), large apartment complexes or high rise apartments ( 8.79%), and a few row houses and other attached homes ( 2.27%).

The most prevalent building size and type in Logansport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.38% owning and 39.62% renting.

The housing in Logansport was primarily built before 1939 ( 53.34%), making the housing stock in Logansport some of the oldest overall in America, although there is a range of ages of homes in Logansport. The next most important housing age is between 1940-1969 ( 31.55%), followed by between 1970-1999 ( 13.02%). There's also some housing in Logansport built between 2000 and later ( 2.09%).

Vacant housing appears to be an issue in Logansport. Fully 13.47% of the housing stock is classified as vacant. Left unchecked, vacant Logansport homes and apartments can be a drag on the real estate market, holding Logansport 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.

Logansport Home Appreciation Rates

Logansport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Logansport during the period has been just -1.23%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Logansport's appreciation rate, at 3.29%, has been at or slightly above the national average. In the latest quarter, Logansport's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

Notably, Logansport's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Logansport's latest annual appreciation rate is lower than 50% 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 Logansport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Logansport - 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 Logansport real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$59,680

Logansport, IN HOME PRICES

Value Range
> $1,044,000 0.0
$783,001 - $1,044,000 0.0
$522,001 - $783,000 0.6
$417,001 - $522,000 0.1
$313,001 - $417,000 0.9
$209,001 - $313,000 1.7
$104,001 - $209,000 12.9
$52,001 - $104,000 51.7
$0 - $52,000 32.0

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
98.1132075471698 99.0950226244344

Number Of Homes And Apartments:
6,405

Logansport 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
-8.38% -0.51% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$806 / per month

Homeownership Rate

Homeownership
Owners 60.38
Renters 39.62
Vacant 13.47

Housing Market Details

 

Age of Homes

AGE OF Logansport HOMES
2000 or Newer 2.1
1970 - 1999 13.0
1940 - 1969 31.5
1939 or Older 53.3

Types of Homes

TYPE OF Logansport HOMES
Single-Family 75.2
Townhomes 2.3
Small Apt. Buildings 13.1
Apt. Complexes 8.8
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Logansport HOMES
No Bedroom 2.24
1 Bedroom 12.48
2 Bedrooms 30.86
3 Bedrooms 39.37
4 Bedrooms 11.96
5 or more bedrooms 3.09