Tell City, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Tell City, 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

Tell City Housing Market Information

With 7,255 people, 3,064 houses or apartments, and a median cost of homes of $110,000, house prices in Tell City are solidly below the national average.

Single-family detached homes are the single most common housing type in Tell City, accounting for 80.17% of the city's housing units. Other types of housing that are prevalent in Tell City include large apartment complexes or high rise apartments ( 10.94%), duplexes, homes converted to apartments or other small apartment buildings ( 4.82%), and a few mobile homes or trailers ( 2.32%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tell City. Owner-occupied housing accounts for 70.12% of Tell City's homes, and 57.52% have either three or four bedrooms, which is average sized relative to America.

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. Tell City's housing was primarily built during this period, from the '40s through the '60s. A full 43.83% of the city's housing hails from this era. Other housing ages represented in Tell City include homes built between 1970-1999 ( 34.76%) and housing constructed before 1939 ( 19.00%). There's also some housing in Tell City built between 2000 and later ( 2.41%).

Vacant housing appears to be an issue in Tell City. Fully 12.06% of the housing stock is classified as vacant. Left unchecked, vacant Tell City homes and apartments can be a drag on the real estate market, holding Tell City 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.

Tell City Home Appreciation Rates

Appreciation rates for homes in Tell City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.79%, which ranks in the top 30% nationwide. This equates to an annual average Tell City house appreciation rate of 0.94%.

NeighborhoodScout's data show that during the latest twelve months, Tell City's appreciation rate, at 3.56%, has been at or slightly above the national average. In the latest quarter, Tell City's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.

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

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

Average Home Values

 

Median Home Value:
$110,000

Tell City, IN HOME PRICES

Value Range
> $1,080,000 0.8
$810,001 - $1,080,000 0.0
$540,001 - $810,000 0.0
$432,001 - $540,000 1.4
$324,001 - $432,000 1.7
$216,001 - $324,000 7.4
$108,001 - $216,000 34.3
$54,001 - $108,000 42.4
$0 - $54,000 11.9

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
71.3641157857729 65.3846153846154

Number Of Homes And Apartments:
3,064

Tell City 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
19.06% 1.02% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$848 / per month

Homeownership Rate

Homeownership
Owners 70.12
Renters 29.88
Vacant 12.06

Housing Market Details

 

Age of Homes

AGE OF Tell City HOMES
2000 or Newer 2.4
1970 - 1999 34.8
1940 - 1969 43.8
1939 or Older 19.0

Types of Homes

TYPE OF Tell City HOMES
Single-Family 80.2
Townhomes 1.8
Small Apt. Buildings 4.8
Apt. Complexes 10.9
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Tell City HOMES
No Bedroom 0.00
1 Bedroom 9.47
2 Bedrooms 30.28
3 Bedrooms 46.53
4 Bedrooms 10.99
5 or more bedrooms 2.73

Popular Neighborhoods in Tell City

Zip Codes in Tell City, IN