Seymour, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Seymour, IN Real Estate Data


Seymour Housing Market Information

With a population of 19,478, 7,274 total housing units (homes and apartments), and a median house value of $109,078, house prices in Seymour are solidly below the national average.

Single-family detached homes are the single most common housing type in Seymour, accounting for 68.67% of the city's housing units. Other types of housing that are prevalent in Seymour include large apartment complexes or high rise apartments ( 12.05%), mobile homes or trailers ( 11.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.68%).

The most prevalent building size and type in Seymour are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.72% owning and 38.28% renting.

There is a lot of housing in Seymour 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 Seymour built between 1940-1969 ( 27.61%). A lesser amount of the housing stock also hails from before 1939 ( 19.56%). There's also some housing in Seymour built between 2000 and later ( 10.45%).

Vacant housing appears to be an issue in Seymour. Fully 10.11% of the housing stock is classified as vacant. Left unchecked, vacant Seymour homes and apartments can be a drag on the real estate market, holding Seymour 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.

Seymour Home Appreciation Rates

Appreciation rates for homes in Seymour have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.38%, which ranks in the top 50% nationwide. This equates to an annual average Seymour house appreciation rate of 0.53%.

Appreciation rates are so strong in Seymour that despite a nationwide downturn in the housing market, Seymour real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Seymour appreciation rates continue to be some of the highest in America, at 7.40%, which is higher than appreciation rates in 87.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Seymour. Seymour appreciation rates in the latest quarter were at 2.34%, which equates to an annual appreciation rate of 9.71%.

Relative to Indiana, our data show that Seymour's latest annual appreciation rate is higher than 90% 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 Seymour differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Seymour - 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 Seymour real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$109,078

Seymour, IN HOME PRICES

Value Range
> $1,102,000 0.2
$827,001 - $1,102,000 0.3
$551,001 - $827,000 0.2
$441,001 - $551,000 0.3
$330,001 - $441,000 1.3
$220,001 - $330,000 5.1
$110,001 - $220,000 36.9
$55,001 - $110,000 36.3
$0 - $55,000 19.3

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
73.033905252679 69.683257918552

Number Of Homes And Apartments:
7,274

Rent & Ownership

 

Average Market Rent:
$870 / per month

Homeownership Rate

Homeownership
Owners 61.72
Renters 38.28
Vacant 10.11

Housing Market Details

 

Age of Homes

AGE OF Seymour HOMES
2000 or Newer 10.5
1970 - 1999 42.4
1940 - 1969 27.6
1939 or Older 19.6

Types of Homes

TYPE OF Seymour HOMES
Single-Family 68.7
Townhomes 2.4
Small Apt. Buildings 5.7
Apt. Complexes 12.0
Mobile Homes 11.2
Other 0.0

Home Size

SIZE OF Seymour HOMES
No Bedroom 2.03
1 Bedroom 9.17
2 Bedrooms 27.29
3 Bedrooms 50.79
4 Bedrooms 8.87
5 or more bedrooms 1.85

Seymour Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
18.83% 1.02% 4 2
* 10 is highest