Noblesville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Noblesville Neighborhoods Since 2000






Noblesville, 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 Q4 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Noblesville Housing Market Information

With a population of 60,183, 21,796 total housing units (homes and apartments), and a median house value of $215,491, Noblesville real estate is some of the most expensive in Indiana, although Noblesville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Noblesville, accounting for 68.81% of the city's housing units. Other types of housing that are prevalent in Noblesville include large apartment complexes or high rise apartments ( 17.19%), duplexes, homes converted to apartments or other small apartment buildings ( 6.51%), and a few row houses and other attached homes ( 5.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Noblesville. Owner-occupied housing accounts for 68.23% of Noblesville's homes, and 63.34% have either three or four bedrooms, which is average sized relative to America.

Noblesville homes and real estate are some of the newest in America. 49.18% of Noblesville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Noblesville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.64%), and between 1940-1969 ( 7.06%). There's also some housing in Noblesville built before 1939 ( 6.12%).

Noblesville Home Appreciation Rates

In the last 10 years, Noblesville has experienced some of the highest home appreciation rates of any community in the nation. Noblesville real estate appreciated 19.59% over the last ten years, which is an average annual home appreciation rate of 1.81%, putting Noblesville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Noblesville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Noblesville that despite a nationwide downturn in the housing market, Noblesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Noblesville appreciation rates continue to be some of the highest in America, at 8.51%, which is higher than appreciation rates in 83.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Noblesville. Noblesville appreciation rates in the latest quarter were at 1.33%, which equates to an annual appreciation rate of 5.41%.

Relative to Indiana, our data show that Noblesville's latest annual appreciation rate is higher than 80% 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 Noblesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Noblesville - 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 Noblesville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$215,491

Noblesville, IN HOME PRICES

Value Range
> $1,200,000 0.4
$900,001 - $1,200,000 1.3
$600,001 - $900,000 3.9
$480,001 - $600,000 4.3
$360,001 - $480,000 9.4
$240,001 - $360,000 22.0
$120,001 - $240,000 47.3
$60,001 - $120,000 7.1
$0 - $60,000 4.2

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
30.7147456535737 6.56108597285068

Number Of Homes And Apartments:
21,796

Noblesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2017 Q3 - 2017 Q4
Last 12 Months:
2016 Q4 - 2017 Q4
Last 2 Years:
2015 Q4 - 2017 Q4
Last 5 Years:
2012 Q4 - 2017 Q4
Last 10 Years:
2007 Q4 - 2017 Q4
Since 2000:
2000 Q1 - 2017 Q4
39.56% 1.87%
9
4
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,252 / per month

Homeownership Rate

Homeownership
Owners 68.23
Renters 31.77
Vacant 4.67

Housing Market Details

 

Age of Homes

AGE OF Noblesville HOMES
2000 or Newer 49.2
1970 - 1999 37.6
1940 - 1969 7.1
1939 or Older 6.1

Types of Homes

TYPE OF Noblesville HOMES
Single-Family 68.8
Townhomes 5.2
Small Apt. Buildings 6.5
Apt. Complexes 17.2
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Noblesville HOMES
No Bedroom 0.62
1 Bedroom 7.68
2 Bedrooms 22.53
3 Bedrooms 37.29
4 Bedrooms 26.05
5 or more bedrooms 5.82