Rising Sun, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Rising Sun, IN Real Estate Data


Rising Sun Housing Market Information

With a population of 2,205, 992 total housing units (homes and apartments), and a median house value of $119,020, house prices in Rising Sun are solidly below the national average.

Single-family detached homes are the single most common housing type in Rising Sun, accounting for 62.71% of the city's housing units. Other types of housing that are prevalent in Rising Sun include large apartment complexes or high rise apartments ( 15.36%), duplexes, homes converted to apartments or other small apartment buildings ( 12.76%), and a few mobile homes or trailers ( 7.28%).

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

The housing in Rising Sun was primarily built before 1939 ( 37.47%), making the housing stock in Rising Sun some of the oldest overall in America, although there is a range of ages of homes in Rising Sun. The next most important housing age is between 1970-1999 ( 32.17%), followed by between 1940-1969 ( 24.80%). There's also some housing in Rising Sun built between 2000 and later ( 5.57%).

Vacant housing appears to be an issue in Rising Sun. Fully 10.87% of the housing stock is classified as vacant. Left unchecked, vacant Rising Sun homes and apartments can be a drag on the real estate market, holding Rising Sun 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.

Rising Sun Home Appreciation Rates

Real estate appreciation rates in Rising Sun's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.72% during the period.

NeighborhoodScout's data show that during the latest twelve months, Rising Sun's appreciation rate, at 3.63%, has been at or slightly above the national average. In the latest quarter, Rising Sun's appreciation rate has been 0.26%, which annualizes to a rate of 1.03%.

Relative to Indiana, our data show that Rising Sun's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$119,020

Rising Sun, IN HOME PRICES

Value Range
> $1,019,000 0.0
$765,001 - $1,019,000 0.0
$510,001 - $765,000 0.1
$408,001 - $510,000 0.5
$306,001 - $408,000 6.9
$204,001 - $306,000 9.4
$102,001 - $204,000 42.6
$51,001 - $102,000 30.7
$0 - $51,000 9.7

Average for IN
Low for Nation

Value Relative to Nation Value Relative to State
65.9293331770772 56.7873303167421

Number Of Homes And Apartments:
992

Rent & Ownership

 

Average Market Rent:
$757 / per month

Homeownership Rate

Homeownership
Owners 59.99
Renters 40.01
Vacant 10.87

Housing Market Details

 

Age of Homes

AGE OF Rising Sun HOMES
2000 or Newer 5.6
1970 - 1999 32.2
1940 - 1969 24.8
1939 or Older 37.5

Types of Homes

TYPE OF Rising Sun HOMES
Single-Family 62.7
Townhomes 1.9
Small Apt. Buildings 12.8
Apt. Complexes 15.4
Mobile Homes 7.3
Other 0.0

Home Size

SIZE OF Rising Sun HOMES
No Bedroom 4.67
1 Bedroom 11.14
2 Bedrooms 33.69
3 Bedrooms 35.40
4 Bedrooms 13.93
5 or more bedrooms 1.17

Rising Sun Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
5.89% 0.33% 2 1
* 10 is highest

Popular Neighborhoods in Rising Sun

Zip Codes in Rising Sun, IN