Paoli, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Paoli Neighborhoods Since 2000




Paoli, 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

Paoli Housing Market Information

With 3,629 people, 1,517 houses or apartments, and a median cost of homes of $80,355, house prices in Paoli are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Paoli, accounting for 68.44% of the town's housing units. Other types of housing that are prevalent in Paoli include mobile homes or trailers ( 18.50%), large apartment complexes or high rise apartments ( 6.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.82%).

People in Paoli primarily live in small (one, two or no bedroom) single-family detached homes. Paoli has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Paoli 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 Paoli built between 1940-1969 ( 30.04%). A lesser amount of the housing stock also hails from before 1939 ( 14.10%). There's also some housing in Paoli built between 2000 and later ( 6.90%).

Paoli Home Appreciation Rates

Appreciation rates for homes in Paoli have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.39%, which ranks in the top 40% nationwide. This equates to an annual average Paoli house appreciation rate of 0.81%.

NeighborhoodScout's data show that during the latest twelve months, Paoli's appreciation rate, at 3.91%, has been at or slightly above the national average. In the latest quarter, Paoli's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

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

Relative to Indiana, our data show that Paoli's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$80,355

Paoli, IN HOME PRICES

Value Range
> $1,086,000 0.0
$815,001 - $1,086,000 0.0
$543,001 - $815,000 0.2
$435,001 - $543,000 0.1
$326,001 - $435,000 0.3
$217,001 - $326,000 3.5
$109,001 - $217,000 23.6
$54,001 - $109,000 52.7
$0 - $54,000 19.8

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
90.278917145201 90.9502262443439

Number Of Homes And Apartments:
1,517

Paoli 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
32.16% 1.63% 9 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$684 / per month

Homeownership Rate

Homeownership
Owners 62.62
Renters 37.38
Vacant 7.39

Housing Market Details

 

Age of Homes

AGE OF Paoli HOMES
2000 or Newer 6.9
1970 - 1999 49.0
1940 - 1969 30.0
1939 or Older 14.1

Types of Homes

TYPE OF Paoli HOMES
Single-Family 68.4
Townhomes 1.3
Small Apt. Buildings 4.8
Apt. Complexes 7.0
Mobile Homes 18.5
Other 0.0

Home Size

SIZE OF Paoli HOMES
No Bedroom 0.00
1 Bedroom 6.72
2 Bedrooms 47.80
3 Bedrooms 37.97
4 Bedrooms 4.70
5 or more bedrooms 2.81