Lowell, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Lowell Neighborhoods Since 2000




Lowell, 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

Lowell Housing Market Information

With a population of 9,450, 3,171 total housing units (homes and apartments), and a median house value of $166,069, Lowell 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 Lowell, accounting for 81.54% of the town's housing units. Other types of housing that are prevalent in Lowell include row houses and other attached homes ( 8.50%), large apartment complexes or high rise apartments ( 5.14%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lowell. Owner-occupied housing accounts for 77.59% of Lowell's homes, and 65.97% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lowell 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 Lowell built between 1940-1969 ( 23.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.28%). There's also some housing in Lowell built before 1939 ( 9.00%).

Lowell Home Appreciation Rates

Appreciation rates for homes in Lowell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.26%, which ranks in the top 50% nationwide. This equates to an annual average Lowell house appreciation rate of 0.22%.

Over the last year, Lowell appreciation rates have trailed the rest of the nation. In the last twelve months, Lowell's appreciation rate has been 1.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lowell were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Indiana, our data show that Lowell's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$166,069

Lowell, IN HOME PRICES

Value Range
> $1,080,000 0.3
$810,001 - $1,080,000 0.2
$540,001 - $810,000 2.0
$432,001 - $540,000 1.0
$324,001 - $432,000 5.8
$216,001 - $324,000 20.2
$108,001 - $216,000 56.4
$54,001 - $108,000 11.7
$0 - $54,000 2.3

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
43.2028594866987 18.0995475113122

Number Of Homes And Apartments:
3,171

Lowell 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
27.31% 1.41% 8 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,023 / per month

Homeownership Rate

Homeownership
Owners 77.59
Renters 22.41
Vacant 7.36

Housing Market Details

 

Age of Homes

AGE OF Lowell HOMES
2000 or Newer 19.3
1970 - 1999 48.3
1940 - 1969 23.4
1939 or Older 9.0

Types of Homes

TYPE OF Lowell HOMES
Single-Family 81.5
Townhomes 8.5
Small Apt. Buildings 3.9
Apt. Complexes 5.1
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Lowell HOMES
No Bedroom 0.58
1 Bedroom 2.83
2 Bedrooms 28.25
3 Bedrooms 48.79
4 Bedrooms 17.18
5 or more bedrooms 2.37