Pendleton, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pendleton Neighborhoods Since 2000




Pendleton, IN Real Estate Data


Pendleton Housing Market Information

With 4,219 people, 1,701 houses or apartments, and a median cost of homes of $159,013, Pendleton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Pendleton, accounting for 70.47% of the town's housing units. Other types of housing that are prevalent in Pendleton include duplexes, homes converted to apartments or other small apartment buildings ( 11.36%), large apartment complexes or high rise apartments ( 9.19%), and a few mobile homes or trailers ( 5.24%).

The most prevalent building size and type in Pendleton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.95% owning and 40.05% renting.

There is a lot of housing in Pendleton 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 Pendleton built before 1939 ( 27.47%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.35%). There's also some housing in Pendleton built between 2000 and later ( 17.94%).

Pendleton Home Appreciation Rates

Appreciation rates for homes in Pendleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.30%, which ranks in the top 40% nationwide. This equates to an annual average Pendleton house appreciation rate of 0.80%.

NeighborhoodScout's data show that during the latest twelve months, Pendleton's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Pendleton's appreciation rate has been 1.66%, which annualizes to a rate of 6.79%.

Relative to Indiana, our data show that Pendleton's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$159,013

Pendleton, IN HOME PRICES

Value Range
> $1,149,000 0.0
$862,001 - $1,149,000 0.0
$574,001 - $862,000 1.1
$460,001 - $574,000 1.1
$345,001 - $460,000 2.3
$230,001 - $345,000 12.3
$115,001 - $230,000 59.2
$58,001 - $115,000 19.5
$0 - $58,000 4.6

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
47.0925806640511 25.3393665158371

Number Of Homes And Apartments:
1,701

Rent & Ownership

 

Average Market Rent:
$1,022 / per month

Homeownership Rate

Homeownership
Owners 59.95
Renters 40.05
Vacant 5.24

Housing Market Details

 

Age of Homes

AGE OF Pendleton HOMES
2000 or Newer 17.9
1970 - 1999 30.3
1940 - 1969 24.3
1939 or Older 27.5

Types of Homes

TYPE OF Pendleton HOMES
Single-Family 70.5
Townhomes 3.7
Small Apt. Buildings 11.4
Apt. Complexes 9.2
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Pendleton HOMES
No Bedroom 3.73
1 Bedroom 8.69
2 Bedrooms 27.97
3 Bedrooms 41.34
4 Bedrooms 16.71
5 or more bedrooms 1.56

Pendleton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
15.59% 0.86% 3 2
* 10 is highest