Noblesville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 Q2 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

Noblesville Housing Market Information

With 59,093 people, 21,262 houses or apartments, and a median cost of homes of $206,093, 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 70.21% of the city's housing units. Other types of housing that are prevalent in Noblesville include large apartment complexes or high rise apartments ( 17.36%), duplexes, homes converted to apartments or other small apartment buildings ( 5.17%), and a few row houses and other attached homes ( 4.98%).

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 69.63% of Noblesville's homes, and 64.38% 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. 47.92% 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 ( 38.29%), and between 1940-1969 ( 7.20%). There's also some housing in Noblesville built before 1939 ( 6.58%).

Noblesville Home Appreciation Rates

Appreciation rates for homes in Noblesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.90%, which ranks in the top 30% nationwide. This equates to an annual average Noblesville house appreciation rate of 1.40%.

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 6.28%, which is higher than appreciation rates in 70.31% 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 4.94%, which equates to an annual appreciation rate of 21.27%.

Importantly, NeighborhoodScout’s exclusive research found that Noblesville's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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:
$206,093

Noblesville, IN HOME PRICES

Value Range
> $1,187,000 0.3
$890,001 - $1,187,000 1.1
$593,001 - $890,000 3.8
$475,001 - $593,000 3.9
$356,001 - $475,000 8.6
$237,001 - $356,000 20.8
$119,001 - $237,000 50.0
$59,001 - $119,000 7.8
$0 - $59,000 3.7

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
31.939809122314 7.01357466063348

Number Of Homes And Apartments:
21,262

Noblesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
33.85% 1.68% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,217 / per month

Homeownership Rate

Homeownership
Owners 69.63
Renters 30.37
Vacant 5.67

Housing Market Details

 

Age of Homes

AGE OF Noblesville HOMES
2000 or Newer 47.9
1970 - 1999 38.3
1940 - 1969 7.2
1939 or Older 6.6

Types of Homes

TYPE OF Noblesville HOMES
Single-Family 70.2
Townhomes 5.0
Small Apt. Buildings 5.2
Apt. Complexes 17.4
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Noblesville HOMES
No Bedroom 0.30
1 Bedroom 8.30
2 Bedrooms 22.07
3 Bedrooms 38.45
4 Bedrooms 25.93
5 or more bedrooms 4.95