Middlebury, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middlebury, IN Real Estate Data


Middlebury Housing Market Information

With a population of 3,562, 1,215 total housing units (homes and apartments), and a median house value of $191,003, 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 76.63% of the town's housing units. Other types of housing that are prevalent in Middlebury include row houses and other attached homes ( 6.17%), mobile homes or trailers ( 5.76%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.76%).

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 78.09% of Middlebury's homes, and 62.55% 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 ( 24.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.45%). There's also some housing in Middlebury built before 1939 ( 10.37%).

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 8.85%, which ranks in the top 40% nationwide. This equates to an annual average Middlebury house appreciation rate of 0.85%.

NeighborhoodScout's data show that during the latest twelve months, Middlebury's appreciation rate, at 4.68%, has been at or slightly above the national average. In the latest quarter, Middlebury's appreciation rate has been 0.42%, which annualizes to a rate of 1.68%.

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

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:
$191,003

Middlebury, IN HOME PRICES

Value Range
> $1,176,000 0.0
$881,001 - $1,176,000 0.0
$588,001 - $881,000 1.9
$471,001 - $588,000 2.5
$353,001 - $471,000 10.0
$235,001 - $353,000 19.4
$118,001 - $235,000 43.4
$59,001 - $118,000 14.9
$0 - $59,000 7.9

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
35.4043450254729 9.04977375565611

Number Of Homes And Apartments:
1,215

Rent & Ownership

 

Average Market Rent:
$919 / per month

Homeownership Rate

Homeownership
Owners 78.09
Renters 21.91
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Middlebury HOMES
2000 or Newer 24.9
1970 - 1999 47.2
1940 - 1969 17.4
1939 or Older 10.4

Types of Homes

TYPE OF Middlebury HOMES
Single-Family 76.6
Townhomes 6.2
Small Apt. Buildings 5.8
Apt. Complexes 5.7
Mobile Homes 5.8
Other 0.0

Home Size

SIZE OF Middlebury HOMES
No Bedroom 0.00
1 Bedroom 8.97
2 Bedrooms 26.01
3 Bedrooms 44.03
4 Bedrooms 18.52
5 or more bedrooms 2.47

Middlebury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
27.78% 1.45% 7 3
* 10 is highest

Popular Neighborhoods in Middlebury

Zip Codes in Middlebury, IN