Vincennes, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Vincennes Neighborhoods Since 2000




Vincennes, IN Real Estate Data


Vincennes Housing Market Information

With 18,012 people, 7,101 houses or apartments, and a median cost of homes of $86,956, house prices in Vincennes are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Vincennes, accounting for 69.22% of the city's housing units. Other types of housing that are prevalent in Vincennes include large apartment complexes or high rise apartments ( 14.22%), duplexes, homes converted to apartments or other small apartment buildings ( 10.54%), and a few mobile homes or trailers ( 4.40%).

People in Vincennes primarily live in small (one, two or no bedroom) single-family detached homes. Vincennes 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. Vincennes's housing was primarily built during this period, from the '40s through the '60s. A full 36.59% of the city's housing hails from this era. Other housing ages represented in Vincennes include homes built before 1939 ( 34.90%) and housing constructed between 1970-1999 ( 23.39%). There's also some housing in Vincennes built between 2000 and later ( 5.12%).

Vacant housing appears to be an issue in Vincennes. Fully 12.89% of the housing stock is classified as vacant. Left unchecked, vacant Vincennes homes and apartments can be a drag on the real estate market, holding Vincennes 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.

Vincennes Home Appreciation Rates

Appreciation rates for homes in Vincennes have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 16.83%, which ranks in the top 30% nationwide. This equates to an annual average Vincennes house appreciation rate of 1.57%.

Appreciation rates are so strong in Vincennes that despite a nationwide downturn in the housing market, Vincennes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vincennes appreciation rates continue to be some of the highest in America, at 6.69%, which is higher than appreciation rates in 81.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vincennes. Vincennes 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 Vincennes's latest annual appreciation rate is higher than 70% 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 Vincennes differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vincennes - 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 Vincennes real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$86,956

Vincennes, IN HOME PRICES

Value Range
> $1,136,000 0.2
$852,001 - $1,136,000 0.0
$568,001 - $852,000 0.3
$454,001 - $568,000 0.9
$341,001 - $454,000 2.4
$227,001 - $341,000 3.4
$114,001 - $227,000 19.4
$57,001 - $114,000 43.0
$0 - $57,000 30.5

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
87.1933009310769 91.6289592760181

Number Of Homes And Apartments:
7,101

Rent & Ownership

 

Average Market Rent:
$756 / per month

Homeownership Rate

Homeownership
Owners 47.65
Renters 52.35
Vacant 12.89

Housing Market Details

 

Age of Homes

AGE OF Vincennes HOMES
2000 or Newer 5.1
1970 - 1999 23.4
1940 - 1969 36.6
1939 or Older 34.9

Types of Homes

TYPE OF Vincennes HOMES
Single-Family 69.2
Townhomes 1.6
Small Apt. Buildings 10.5
Apt. Complexes 14.2
Mobile Homes 4.4
Other 0.0

Home Size

SIZE OF Vincennes HOMES
No Bedroom 1.83
1 Bedroom 14.33
2 Bedrooms 39.16
3 Bedrooms 35.92
4 Bedrooms 8.08
5 or more bedrooms 0.69

Vincennes 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
28.26% 1.47% 7 3
* 10 is highest