Plymouth, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Plymouth Neighborhoods Since 2000




Plymouth, 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

Plymouth Housing Market Information

With 10,035 people, 3,729 houses or apartments, and a median cost of homes of $102,805, house prices in Plymouth are solidly below the national average.

Single-family detached homes are the single most common housing type in Plymouth, accounting for 60.14% of the city's housing units. Other types of housing that are prevalent in Plymouth include large apartment complexes or high rise apartments ( 14.19%), mobile homes or trailers ( 11.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 11.48%).

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

There is a lot of housing in Plymouth 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 Plymouth built between 1940-1969 ( 26.58%). A lesser amount of the housing stock also hails from before 1939 ( 20.66%). There's also some housing in Plymouth built between 2000 and later ( 12.20%).

Vacant housing appears to be an issue in Plymouth. Fully 12.83% of the housing stock is classified as vacant. Left unchecked, vacant Plymouth homes and apartments can be a drag on the real estate market, holding Plymouth 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.

Plymouth Home Appreciation Rates

Real estate appreciation rates in Plymouth's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

Over the last year, Plymouth appreciation rates have trailed the rest of the nation. In the last twelve months, Plymouth's appreciation rate has been 1.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plymouth were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Indiana, our data show that Plymouth's latest annual appreciation rate is lower than 70% 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 Plymouth differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plymouth - 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 Plymouth real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$102,805

Plymouth, IN HOME PRICES

Value Range
> $1,037,000 0.4
$778,001 - $1,037,000 0.0
$519,001 - $778,000 0.3
$415,001 - $519,000 1.0
$311,001 - $415,000 1.4
$208,001 - $311,000 7.3
$104,001 - $208,000 35.3
$52,001 - $104,000 38.1
$0 - $52,000 16.3

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
75.7763975155279 73.5294117647059

Number Of Homes And Apartments:
3,729

Plymouth 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
16.88% 0.91% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$760 / per month

Homeownership Rate

Homeownership
Owners 59.29
Renters 40.71
Vacant 12.83

Housing Market Details

 

Age of Homes

AGE OF Plymouth HOMES
2000 or Newer 12.2
1970 - 1999 40.6
1940 - 1969 26.6
1939 or Older 20.7

Types of Homes

TYPE OF Plymouth HOMES
Single-Family 60.1
Townhomes 2.3
Small Apt. Buildings 11.5
Apt. Complexes 14.2
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Plymouth HOMES
No Bedroom 4.23
1 Bedroom 11.17
2 Bedrooms 37.21
3 Bedrooms 37.66
4 Bedrooms 8.02
5 or more bedrooms 1.71