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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 48,261 people, 20,515 houses or apartments, and a median cost of homes of $105,530, house prices in Mishawaka are solidly below the national average.
Single-family detached homes are the single most common housing type in Mishawaka, accounting for 50.51% of the city's housing units. Other types of housing that are prevalent in Mishawaka include large apartment complexes or high rise apartments ( 31.79%), duplexes, homes converted to apartments or other small apartment buildings ( 9.04%), and a few row houses and other attached homes ( 4.81%).
People in Mishawaka primarily live in small (one, two or no bedroom) single-family detached homes. Mishawaka has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Mishawaka 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 Mishawaka built between 1940-1969 ( 28.40%). A lesser amount of the housing stock also hails from before 1939 ( 18.31%). There's also some housing in Mishawaka built between 2000 and later ( 12.70%).
Vacant housing appears to be an issue in Mishawaka. Fully 12.36% of the housing stock is classified as vacant. Left unchecked, vacant Mishawaka homes and apartments can be a drag on the real estate market, holding Mishawaka 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.
Real estate appreciation rates in Mishawaka's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.12% during the period.
Over the last year, Mishawaka appreciation rates have trailed the rest of the nation. In the last twelve months, Mishawaka's appreciation rate has been 2.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mishawaka were at 1.40%, which equates to an annual appreciation rate of 5.73%.
Relative to Indiana, our data show that Mishawaka's latest annual appreciation rate is lower than 60% 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 Mishawaka differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mishawaka - 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 Mishawaka real estate investment or home purchase decisions.
|$824,001 - $1,099,000||0.0|
|$549,001 - $824,000||0.6|
|$440,001 - $549,000||0.8|
|$330,001 - $440,000||1.3|
|$220,001 - $330,000||6.6|
|$110,001 - $220,000||36.9|
|$55,001 - $110,000||42.1|
|$0 - $55,000||11.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mishawaka HOMES|
|2000 or Newer||12.7|
|1970 - 1999||40.6|
|1940 - 1969||28.4|
|1939 or Older||18.3|
|TYPE OF Mishawaka HOMES|
|Small Apt. Buildings||9.0|
|SIZE OF Mishawaka HOMES|
|5 or more bedrooms||1.48|