Schererville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Schererville Neighborhoods Since 2000




Schererville, 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

Schererville Housing Market Information

With 28,791 people, 11,511 houses or apartments, and a median cost of homes of $236,841, Schererville real estate is some of the most expensive in Indiana, although Schererville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Schererville, accounting for 54.70% of the town's housing units. Other types of housing that are prevalent in Schererville include row houses and other attached homes ( 20.98%), large apartment complexes or high rise apartments ( 16.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Schererville. Owner-occupied housing accounts for 74.96% of Schererville's homes, and 52.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Schererville 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 Schererville built between 2000 and later ( 23.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.46%). There's also some housing in Schererville built before 1939 ( 2.30%).

Schererville Home Appreciation Rates

Appreciation rates for homes in Schererville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.49%, which ranks in the top 50% nationwide. This equates to an annual average Schererville house appreciation rate of 0.05%.

NeighborhoodScout's data show that during the latest twelve months, Schererville's appreciation rate, at 3.63%, has been at or slightly above the national average. In the latest quarter, Schererville's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Indiana, our data show that Schererville's latest annual appreciation rate is higher than 50% 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 town. Individual neighborhoods within Schererville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Schererville - 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 Schererville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$236,841

Schererville, IN HOME PRICES

Value Range
> $1,079,000 0.2
$809,001 - $1,079,000 0.4
$540,001 - $809,000 2.0
$431,001 - $540,000 2.0
$324,001 - $431,000 11.1
$216,001 - $324,000 38.2
$108,001 - $216,000 38.3
$54,001 - $108,000 4.8
$0 - $54,000 3.0

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
24.645493964608 3.39366515837104

Number Of Homes And Apartments:
11,511

Schererville 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
24.98% 1.30% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,163 / per month

Homeownership Rate

Homeownership
Owners 74.96
Renters 25.04
Vacant 5.67

Housing Market Details

 

Age of Homes

AGE OF Schererville HOMES
2000 or Newer 23.2
1970 - 1999 61.1
1940 - 1969 13.5
1939 or Older 2.3

Types of Homes

TYPE OF Schererville HOMES
Single-Family 54.7
Townhomes 21.0
Small Apt. Buildings 7.1
Apt. Complexes 16.1
Mobile Homes 1.0
Other 0.1

Home Size

SIZE OF Schererville HOMES
No Bedroom 0.11
1 Bedroom 7.75
2 Bedrooms 35.47
3 Bedrooms 33.98
4 Bedrooms 18.57
5 or more bedrooms 4.11