Vincennes, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Vincennes, 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

Vincennes Housing Market Information

With a population of 18,012, 7,174 total housing units (homes and apartments), and a median house value of $74,131, 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 67.33% of the city's housing units. Other types of housing that are prevalent in Vincennes include large apartment complexes or high rise apartments ( 14.01%), duplexes, homes converted to apartments or other small apartment buildings ( 13.36%), and a few mobile homes or trailers ( 4.08%).

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.

The housing in Vincennes was primarily built before 1939 ( 36.23%), making the housing stock in Vincennes some of the oldest overall in America, although there is a range of ages of homes in Vincennes. The next most important housing age is between 1940-1969 ( 34.99%), followed by between 1970-1999 ( 23.86%). There's also some housing in Vincennes built between 2000 and later ( 4.92%).

Vacant housing appears to be an issue in Vincennes. Fully 12.45% 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 6.66%, which ranks in the top 40% nationwide. This equates to an annual average Vincennes house appreciation rate of 0.65%.

Over the last year, Vincennes appreciation rates have trailed the rest of the nation. In the last twelve months, Vincennes's appreciation rate has been 0.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vincennes were at -1.14%, which equates to an annual appreciation rate of -4.49%.

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

Relative to Indiana, our data show that Vincennes's latest annual appreciation rate is lower than 80% 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:
$74,131

Vincennes, IN HOME PRICES

Value Range
> $1,040,000 0.3
$780,001 - $1,040,000 0.0
$520,001 - $780,000 0.3
$416,001 - $520,000 0.5
$312,001 - $416,000 2.1
$208,001 - $312,000 3.6
$104,001 - $208,000 21.2
$52,001 - $104,000 42.8
$0 - $52,000 29.0

Very Low for IN
Very Low for Nation

Value Relative to Nation Value Relative to State
93.5309973045822 95.4751131221719

Number Of Homes And Apartments:
7,174

Vincennes 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
18.51% 0.99% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$787 / per month

Homeownership Rate

Homeownership
Owners 47.01
Renters 52.99
Vacant 12.45

Housing Market Details

 

Age of Homes

AGE OF Vincennes HOMES
2000 or Newer 4.9
1970 - 1999 23.9
1940 - 1969 35.0
1939 or Older 36.2

Types of Homes

TYPE OF Vincennes HOMES
Single-Family 67.3
Townhomes 1.2
Small Apt. Buildings 13.4
Apt. Complexes 14.0
Mobile Homes 4.1
Other 0.0

Home Size

SIZE OF Vincennes HOMES
No Bedroom 2.11
1 Bedroom 14.50
2 Bedrooms 39.30
3 Bedrooms 35.20
4 Bedrooms 7.98
5 or more bedrooms 0.92