Valparaiso, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Valparaiso, 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

Valparaiso Housing Market Information

With 32,626 people, 12,289 houses or apartments, and a median cost of homes of $195,099, Valparaiso real estate is some of the most expensive in Indiana, although Valparaiso home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Valparaiso, accounting for 55.51% of the city's housing units. Other types of housing that are prevalent in Valparaiso include large apartment complexes or high rise apartments ( 25.50%), duplexes, homes converted to apartments or other small apartment buildings ( 12.67%), and a few row houses and other attached homes ( 6.07%).

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

There is a lot of housing in Valparaiso 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 Valparaiso built between 1940-1969 ( 25.72%). A lesser amount of the housing stock also hails from before 1939 ( 15.77%). There's also some housing in Valparaiso built between 2000 and later ( 12.51%).

Valparaiso Home Appreciation Rates

Appreciation rates for homes in Valparaiso have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.27%, which ranks in the top 50% nationwide. This equates to an annual average Valparaiso house appreciation rate of 0.32%.

NeighborhoodScout's data show that during the latest twelve months, Valparaiso's appreciation rate, at 4.21%, has been at or slightly above the national average. In the latest quarter, Valparaiso's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Indiana, our data show that Valparaiso's latest annual appreciation rate is higher than 60% 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 Valparaiso differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Valparaiso - 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 Valparaiso real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$195,099

Valparaiso, IN HOME PRICES

Value Range
> $1,102,000 0.3
$826,001 - $1,102,000 0.4
$551,001 - $826,000 1.3
$441,001 - $551,000 3.0
$331,001 - $441,000 6.0
$220,001 - $331,000 21.6
$110,001 - $220,000 54.8
$55,001 - $110,000 9.2
$0 - $55,000 3.5

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
33.446619008555 7.46606334841629

Number Of Homes And Apartments:
12,289

Valparaiso 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
26.58% 1.38% 8 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,092 / per month

Homeownership Rate

Homeownership
Owners 51.84
Renters 48.16
Vacant 7.73

Housing Market Details

 

Age of Homes

AGE OF Valparaiso HOMES
2000 or Newer 12.5
1970 - 1999 46.0
1940 - 1969 25.7
1939 or Older 15.8

Types of Homes

TYPE OF Valparaiso HOMES
Single-Family 55.5
Townhomes 6.1
Small Apt. Buildings 12.7
Apt. Complexes 25.5
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Valparaiso HOMES
No Bedroom 2.82
1 Bedroom 14.17
2 Bedrooms 33.29
3 Bedrooms 31.66
4 Bedrooms 14.70
5 or more bedrooms 3.36