Scottsburg, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Scottsburg, 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

Scottsburg Housing Market Information

With a population of 6,674, 2,662 total housing units (homes and apartments), and a median house value of $114,677, house prices in Scottsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Scottsburg, accounting for 64.87% of the city's housing units. Other types of housing that are prevalent in Scottsburg include large apartment complexes or high rise apartments ( 13.28%), mobile homes or trailers ( 11.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.89%).

The most prevalent building size and type in Scottsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.04% owning and 47.96% renting.

There is a lot of housing in Scottsburg 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 Scottsburg built between 1940-1969 ( 36.19%). A lesser amount of the housing stock also hails from before 1939 ( 13.22%). There's also some housing in Scottsburg built between 2000 and later ( 11.79%).

Vacant housing appears to be an issue in Scottsburg. Fully 19.11% of the housing stock is classified as vacant. Left unchecked, vacant Scottsburg homes and apartments can be a drag on the real estate market, holding Scottsburg 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.

Scottsburg Home Appreciation Rates

Appreciation rates for homes in Scottsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.67%, which ranks in the top 40% nationwide. This equates to an annual average Scottsburg house appreciation rate of 0.65%.

NeighborhoodScout's data show that during the latest twelve months, Scottsburg's appreciation rate, at 3.17%, has been at or slightly above the national average. In the latest quarter, Scottsburg's appreciation rate has been 1.69%, which annualizes to a rate of 6.95%.

Importantly, this makes Scottsburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$114,677

Scottsburg, IN HOME PRICES

Value Range
> $1,108,000 0.6
$831,001 - $1,108,000 0.0
$554,001 - $831,000 0.0
$443,001 - $554,000 0.0
$333,001 - $443,000 1.0
$221,001 - $333,000 4.6
$111,001 - $221,000 45.3
$55,001 - $111,000 37.2
$0 - $55,000 11.3

Average for IN
Low for Nation

Value Relative to Nation Value Relative to State
68.4694714637291 58.8235294117647

Number Of Homes And Apartments:
2,662

Scottsburg 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
22.39% 1.18% 6 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$914 / per month

Homeownership Rate

Homeownership
Owners 52.04
Renters 47.96
Vacant 19.11

Housing Market Details

 

Age of Homes

AGE OF Scottsburg HOMES
2000 or Newer 11.8
1970 - 1999 38.8
1940 - 1969 36.2
1939 or Older 13.2

Types of Homes

TYPE OF Scottsburg HOMES
Single-Family 64.9
Townhomes 4.1
Small Apt. Buildings 5.9
Apt. Complexes 13.3
Mobile Homes 11.9
Other 0.0

Home Size

SIZE OF Scottsburg HOMES
No Bedroom 0.00
1 Bedroom 10.67
2 Bedrooms 29.66
3 Bedrooms 47.25
4 Bedrooms 10.97
5 or more bedrooms 1.46

Popular Neighborhoods in Scottsburg

Zip Codes in Scottsburg, IN