Middlebury, 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 Q4 2020. 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

Middlebury, IN Housing Market Trends

With 3,613 people, 1,227 houses or apartments, and a median cost of homes of $276,257, Middlebury real estate is some of the most expensive in Indiana, although Middlebury home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Middlebury, accounting for 81.70% of the town's housing units. Other types of housing that are prevalent in Middlebury include row houses and other attached homes ( 7.32%), duplexes, homes converted to apartments or other small apartment buildings ( 6.92%), and a few large apartment complexes or high rise apartments ( 2.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Middlebury. Owner-occupied housing accounts for 78.85% of Middlebury's homes, and 76.77% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Middlebury 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 Middlebury built between 2000 and later ( 19.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.04%). There's also some housing in Middlebury built before 1939 ( 11.54%).

Middlebury Home Appreciation Rates

Appreciation rates for homes in Middlebury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.06%, which ranks in the top 30% nationwide. This equates to an annual average Middlebury house appreciation rate of 4.14%.

NeighborhoodScout's data show that during the latest twelve months, Middlebury's appreciation rate, at 5.93%, has been at or slightly above the national average. In the latest quarter, Middlebury's appreciation rate has been 3.28%, which annualizes to a rate of 13.78%.

Importantly, this makes Middlebury one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$276,257

Middlebury, IN HOME PRICES

> $1,218,000
0.4%
0.4%
$913,001 - $1,218,000
0.5%
0.5%
$609,001 - $913,000
2.8%
2.8%
$487,001 - $609,000
4.3%
4.3%
$365,001 - $487,000
16.9%
16.9%
$244,001 - $365,000
33.5%
33.5%
$122,001 - $244,000
34.2%
34.2%
$61,001 - $122,000
4.9%
4.9%
$0 - $61,000
2.6%
2.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
1,227

Middlebury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
67.39% 2.48%
9
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,090 / per month

Homeownership Rate

Owners
78.8%
78.8%
Renters
21.2%
21.2%
Vacant
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.0%
20.0%
1970 - 1999
53.5%
53.5%
1940 - 1969
15.0%
15.0%
1939 or Older
11.5%
11.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.7%
81.7%
Townhomes
7.3%
7.3%
Small Apt. Buildings
6.9%
6.9%
Apt. Complexes
2.5%
2.5%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
3.6%
3.6%
2 Bedrooms
11.5%
11.5%
3 Bedrooms
47.4%
47.4%
4 Bedrooms
29.4%
29.4%
5 or more bedrooms
8.1%
8.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Middlebury

Zip Codes in Middlebury, IN