Speedway, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Speedway Neighborhoods Since 2000




Speedway, 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

Speedway Housing Market Information

With a population of 12,127, 5,654 total housing units (homes and apartments), and a median house value of $128,748, house prices in Speedway are solidly below the national average.

Single-family detached homes are the single most common housing type in Speedway, accounting for 43.98% of the town's housing units. Other types of housing that are prevalent in Speedway include large apartment complexes or high rise apartments ( 35.42%), duplexes, homes converted to apartments or other small apartment buildings ( 13.97%), and a few row houses and other attached homes ( 4.86%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Speedway's housing was primarily built during this period, from the '40s through the '60s. A full 57.90% of the town's housing hails from this era. Other housing ages represented in Speedway include homes built between 1970-1999 ( 29.45%) and housing constructed before 1939 ( 8.98%). There's also some housing in Speedway built between 2000 and later ( 3.67%).

Vacant housing appears to be an issue in Speedway. Fully 13.23% of the housing stock is classified as vacant. Left unchecked, vacant Speedway homes and apartments can be a drag on the real estate market, holding Speedway 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.

Speedway Home Appreciation Rates

Real estate appreciation rates in Speedway's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.10% during the period.

Over the last year, Speedway appreciation rates have trailed the rest of the nation. In the last twelve months, Speedway's appreciation rate has been 2.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Speedway were at -0.60%, which equates to an annual appreciation rate of -2.40%.

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

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

Average Home Values

 

Median Home Value:
$128,748

Speedway, IN HOME PRICES

Value Range
> $1,121,000 0.0
$841,001 - $1,121,000 0.0
$561,001 - $841,000 0.0
$449,001 - $561,000 0.0
$336,001 - $449,000 0.2
$224,001 - $336,000 2.5
$112,001 - $224,000 66.0
$56,001 - $112,000 25.7
$0 - $56,000 5.6

Average for IN
Low for Nation

Value Relative to Nation Value Relative to State
60.5648658150709 46.3800904977376

Number Of Homes And Apartments:
5,654

Speedway 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
8.95% 0.50% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$864 / per month

Homeownership Rate

Homeownership
Owners 41.97
Renters 58.03
Vacant 13.23

Housing Market Details

 

Age of Homes

AGE OF Speedway HOMES
2000 or Newer 3.7
1970 - 1999 29.5
1940 - 1969 57.9
1939 or Older 9.0

Types of Homes

TYPE OF Speedway HOMES
Single-Family 44.0
Townhomes 4.9
Small Apt. Buildings 14.0
Apt. Complexes 35.4
Mobile Homes 1.7
Other 0.1

Home Size

SIZE OF Speedway HOMES
No Bedroom 3.74
1 Bedroom 19.52
2 Bedrooms 42.66
3 Bedrooms 27.00
4 Bedrooms 6.43
5 or more bedrooms 0.64