Rensselaer, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rensselaer Neighborhoods Since 2000




Rensselaer, 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

Rensselaer Housing Market Information

With 5,927 people, 2,267 houses or apartments, and a median cost of homes of $124,303, house prices in Rensselaer are solidly below the national average.

Single-family detached homes are the single most common housing type in Rensselaer, accounting for 68.13% of the city's housing units. Other types of housing that are prevalent in Rensselaer include large apartment complexes or high rise apartments ( 14.97%), duplexes, homes converted to apartments or other small apartment buildings ( 12.53%), and a few row houses and other attached homes ( 3.81%).

The most prevalent building size and type in Rensselaer are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.53% owning and 43.47% renting.

There is a lot of housing in Rensselaer 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 Rensselaer built between 1940-1969 ( 34.08%). A lesser amount of the housing stock also hails from before 1939 ( 21.60%). There's also some housing in Rensselaer built between 2000 and later ( 10.00%).

Rensselaer Home Appreciation Rates

Real estate appreciation rates in Rensselaer's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.54% during the period.

Over the last year, Rensselaer appreciation rates have trailed the rest of the nation. In the last twelve months, Rensselaer's appreciation rate has been 1.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rensselaer were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Indiana, our data show that Rensselaer's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$124,303

Rensselaer, IN HOME PRICES

Value Range
> $1,046,000 0.0
$784,001 - $1,046,000 0.0
$523,001 - $784,000 0.5
$418,001 - $523,000 1.0
$314,001 - $418,000 5.0
$209,001 - $314,000 11.7
$105,001 - $209,000 46.2
$52,001 - $105,000 31.0
$0 - $52,000 4.7

Average for IN
Low for Nation

Value Relative to Nation Value Relative to State
62.9848822219618 49.3212669683258

Number Of Homes And Apartments:
2,267

Rensselaer 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
14.19% 0.77% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 56.53
Renters 43.47
Vacant 8.99

Housing Market Details

 

Age of Homes

AGE OF Rensselaer HOMES
2000 or Newer 10.0
1970 - 1999 34.3
1940 - 1969 34.1
1939 or Older 21.6

Types of Homes

TYPE OF Rensselaer HOMES
Single-Family 68.1
Townhomes 3.8
Small Apt. Buildings 12.5
Apt. Complexes 15.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Rensselaer HOMES
No Bedroom 0.80
1 Bedroom 9.96
2 Bedrooms 33.16
3 Bedrooms 45.48
4 Bedrooms 8.23
5 or more bedrooms 2.37

Popular Neighborhoods in Rensselaer

Zip Codes in Rensselaer, IN