Sunman, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sunman Neighborhoods Since 2000




Sunman, 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

Sunman Housing Market Information

With a population of 1,039, 366 total housing units (homes and apartments), and a median house value of $171,101, Sunman real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Sunman, accounting for 52.29% of the town's housing units. Other types of housing that are prevalent in Sunman include mobile homes or trailers ( 22.17%), duplexes, homes converted to apartments or other small apartment buildings ( 13.73%), and a few large apartment complexes or high rise apartments ( 10.60%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sunman. Owner-occupied housing accounts for 66.39% of Sunman's homes, and 53.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sunman 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 Sunman built before 1939 ( 24.82%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.45%). There's also some housing in Sunman built between 2000 and later ( 18.07%).

Vacant housing appears to be an issue in Sunman. Fully 11.81% of the housing stock is classified as vacant. Left unchecked, vacant Sunman homes and apartments can be a drag on the real estate market, holding Sunman 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.

Sunman Home Appreciation Rates

Real estate appreciation rates in Sunman's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.11% during the period.

NeighborhoodScout's data show that during the latest twelve months, Sunman's appreciation rate, at 4.43%, has been at or slightly above the national average. In the latest quarter, Sunman's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

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

Relative to Indiana, our data show that Sunman's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$171,101

Sunman, IN HOME PRICES

Value Range
> $1,078,000 0.0
$808,001 - $1,078,000 0.6
$539,001 - $808,000 0.8
$431,001 - $539,000 3.4
$323,001 - $431,000 9.2
$216,001 - $323,000 23.2
$108,001 - $216,000 35.8
$54,001 - $108,000 16.6
$0 - $54,000 10.3

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
41.2457517871792 15.3846153846154

Number Of Homes And Apartments:
366

Sunman 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
19.99% 1.06% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$827 / per month

Homeownership Rate

Homeownership
Owners 66.39
Renters 33.61
Vacant 11.81

Housing Market Details

 

Age of Homes

AGE OF Sunman HOMES
2000 or Newer 18.1
1970 - 1999 35.7
1940 - 1969 21.4
1939 or Older 24.8

Types of Homes

TYPE OF Sunman HOMES
Single-Family 52.3
Townhomes 1.2
Small Apt. Buildings 13.7
Apt. Complexes 10.6
Mobile Homes 22.2
Other 0.0

Home Size

SIZE OF Sunman HOMES
No Bedroom 2.17
1 Bedroom 13.73
2 Bedrooms 28.67
3 Bedrooms 41.20
4 Bedrooms 12.05
5 or more bedrooms 2.17