Monroeville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Monroeville, 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

Monroeville Housing Market Information

With 1,324 people, 474 houses or apartments, and a median cost of homes of $109,680, house prices in Monroeville are solidly below the national average.

Single-family detached homes are the single most common housing type in Monroeville, accounting for 85.42% of the town's housing units. Other types of housing that are prevalent in Monroeville include mobile homes or trailers ( 7.75%), duplexes, homes converted to apartments or other small apartment buildings ( 3.51%), and a few large apartment complexes or high rise apartments ( 2.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Monroeville. Owner-occupied housing accounts for 79.65% of Monroeville's homes, and 57.01% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Monroeville's housing was primarily built during this period, from the '40s through the '60s. A full 40.96% of the town's housing hails from this era. Other housing ages represented in Monroeville include homes built before 1939 ( 28.04%) and housing constructed between 1970-1999 ( 25.83%). There's also some housing in Monroeville built between 2000 and later ( 5.17%).

Vacant housing appears to be an issue in Monroeville. Fully 12.55% of the housing stock is classified as vacant. Left unchecked, vacant Monroeville homes and apartments can be a drag on the real estate market, holding Monroeville 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.

Monroeville Home Appreciation Rates

Appreciation rates for homes in Monroeville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.60%, which ranks in the top 50% nationwide. This equates to an annual average Monroeville house appreciation rate of 0.35%.

NeighborhoodScout's data show that during the latest twelve months, Monroeville's appreciation rate, at 3.55%, has been at or slightly above the national average. In the latest quarter, Monroeville's appreciation rate has been -1.88%, which annualizes to a rate of -7.30%.

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

Relative to Indiana, our data show that Monroeville's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$109,680

Monroeville, IN HOME PRICES

Value Range
> $1,100,000 1.1
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.0
$440,001 - $550,000 0.6
$330,001 - $440,000 0.6
$220,001 - $330,000 8.7
$110,001 - $220,000 32.7
$55,001 - $110,000 41.5
$0 - $55,000 14.8

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
71.6102191491855 65.6108597285068

Number Of Homes And Apartments:
474

Monroeville 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
13.56% 0.74% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$655 / per month

Homeownership Rate

Homeownership
Owners 79.65
Renters 20.35
Vacant 12.55

Housing Market Details

 

Age of Homes

AGE OF Monroeville HOMES
2000 or Newer 5.2
1970 - 1999 25.8
1940 - 1969 41.0
1939 or Older 28.0

Types of Homes

TYPE OF Monroeville HOMES
Single-Family 85.4
Townhomes 0.6
Small Apt. Buildings 3.5
Apt. Complexes 2.8
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Monroeville HOMES
No Bedroom 0.00
1 Bedroom 4.80
2 Bedrooms 35.61
3 Bedrooms 40.77
4 Bedrooms 16.24
5 or more bedrooms 2.58

Popular Neighborhoods in Monroeville

Zip Codes in Monroeville, IN