Seymour, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Seymour Neighborhoods Since 2000




Seymour, 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

Seymour Housing Market Information

With 19,478 people, 7,482 houses or apartments, and a median cost of homes of $102,678, 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 69.31% of the city's housing units. Other types of housing that are prevalent in Seymour include large apartment complexes or high rise apartments ( 11.42%), mobile homes or trailers ( 10.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.72%).

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 62.37% owning and 37.63% 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 ( 28.07%). A lesser amount of the housing stock also hails from before 1939 ( 17.89%). There's also some housing in Seymour built between 2000 and later ( 11.50%).

Vacant housing appears to be an issue in Seymour. Fully 10.81% 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 6.22%, which ranks in the top 40% nationwide. This equates to an annual average Seymour house appreciation rate of 0.61%.

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 5.93%, which is higher than appreciation rates in 73.38% 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 -1.14%, which equates to an annual appreciation rate of -4.49%.

Notably, Seymour's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Seymour's latest annual appreciation rate is higher than 80% 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:
$102,678

Seymour, IN HOME PRICES

Value Range
> $1,101,000 0.9
$825,001 - $1,101,000 0.3
$550,001 - $825,000 0.5
$440,001 - $550,000 0.4
$330,001 - $440,000 1.1
$220,001 - $330,000 5.4
$110,001 - $220,000 37.9
$55,001 - $110,000 36.9
$0 - $55,000 16.7

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
75.8349935544357 73.7556561085973

Number Of Homes And Apartments:
7,482

Seymour 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
20.26% 1.08% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$963 / per month

Homeownership Rate

Homeownership
Owners 62.37
Renters 37.63
Vacant 10.81

Housing Market Details

 

Age of Homes

AGE OF Seymour HOMES
2000 or Newer 11.5
1970 - 1999 42.5
1940 - 1969 28.1
1939 or Older 17.9

Types of Homes

TYPE OF Seymour HOMES
Single-Family 69.3
Townhomes 3.2
Small Apt. Buildings 5.7
Apt. Complexes 11.4
Mobile Homes 10.3
Other 0.0

Home Size

SIZE OF Seymour HOMES
No Bedroom 1.74
1 Bedroom 8.55
2 Bedrooms 27.99
3 Bedrooms 51.65
4 Bedrooms 8.61
5 or more bedrooms 1.47