Tell City, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Tell City Neighborhoods Since 2000




Tell City, IN Real Estate Data


Tell City Housing Market Information

With a population of 7,255, 3,109 total housing units (homes and apartments), and a median house value of $113,399, 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 81.17% of the city's housing units. Other types of housing that are prevalent in Tell City include large apartment complexes or high rise apartments ( 9.93%), mobile homes or trailers ( 3.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.43%).

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 71.06% of Tell City's homes, and 55.33% 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 43.76% of the city's housing hails from this era. Other housing ages represented in Tell City include homes built between 1970-1999 ( 34.71%) and housing constructed before 1939 ( 19.80%). There's also some housing in Tell City built between 2000 and later ( 1.73%).

Vacant housing appears to be an issue in Tell City. Fully 11.83% 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

In the last 10 years, Tell City has experienced some of the highest home appreciation rates of any community in the nation. Tell City real estate appreciated 18.79% over the last ten years, which is an average annual home appreciation rate of 1.74%, putting Tell City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tell City definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Tell City that despite a nationwide downturn in the housing market, Tell City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tell City appreciation rates continue to be some of the highest in America, at 6.87%, which is higher than appreciation rates in 83.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tell City. Tell City 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 Tell City's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$113,399

Tell City, IN HOME PRICES

Value Range
> $1,162,000 0.8
$871,001 - $1,162,000 0.0
$581,001 - $871,000 0.0
$465,001 - $581,000 1.6
$348,001 - $465,000 1.3
$232,001 - $348,000 7.2
$116,001 - $232,000 33.1
$58,001 - $116,000 44.4
$0 - $58,000 11.7

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
70.2113954441647 64.9321266968326

Number Of Homes And Apartments:
3,109

Rent & Ownership

 

Average Market Rent:
$851 / per month

Homeownership Rate

Homeownership
Owners 71.06
Renters 28.94
Vacant 11.83

Housing Market Details

 

Age of Homes

AGE OF Tell City HOMES
2000 or Newer 1.7
1970 - 1999 34.7
1940 - 1969 43.8
1939 or Older 19.8

Types of Homes

TYPE OF Tell City HOMES
Single-Family 81.2
Townhomes 1.5
Small Apt. Buildings 3.4
Apt. Complexes 9.9
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Tell City HOMES
No Bedroom 0.00
1 Bedroom 9.93
2 Bedrooms 31.62
3 Bedrooms 44.19
4 Bedrooms 11.15
5 or more bedrooms 3.12

Tell City 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
28.46% 1.48% 7 3
* 10 is highest

Popular Neighborhoods in Tell City

Zip Codes in Tell City, IN