Wanatah, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wanatah, 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

Wanatah Housing Market Information

With 1,024 people, 463 houses or apartments, and a median cost of homes of $149,630, Wanatah real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Wanatah, accounting for 91.20% of the town's housing units. Other types of housing that are prevalent in Wanatah include duplexes, homes converted to apartments or other small apartment buildings ( 4.59%), row houses and other attached homes ( 2.10%), and a few mobile homes or trailers ( 1.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wanatah. Owner-occupied housing accounts for 83.59% of Wanatah's homes, and 64.05% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wanatah 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 Wanatah built between 1940-1969 ( 28.68%). A lesser amount of the housing stock also hails from before 1939 ( 24.28%). There's also some housing in Wanatah built between 2000 and later ( 6.69%).

Vacant housing appears to be an issue in Wanatah. Fully 11.47% of the housing stock is classified as vacant. Left unchecked, vacant Wanatah homes and apartments can be a drag on the real estate market, holding Wanatah 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.

Wanatah Home Appreciation Rates

Appreciation rates for homes in Wanatah have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.10%, which ranks in the top 50% nationwide. This equates to an annual average Wanatah house appreciation rate of 0.11%.

Over the last year, Wanatah appreciation rates have trailed the rest of the nation. In the last twelve months, Wanatah's appreciation rate has been -3.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wanatah were at -3.78%, which equates to an annual appreciation rate of -14.27%.

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

Relative to Indiana, our data show that Wanatah's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$149,630

Wanatah, IN HOME PRICES

Value Range
> $1,053,000 0.1
$790,001 - $1,053,000 0.2
$527,001 - $790,000 1.0
$422,001 - $527,000 1.2
$316,001 - $422,000 4.7
$211,001 - $316,000 13.7
$105,001 - $211,000 54.5
$53,001 - $105,000 21.3
$0 - $53,000 3.2

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
50.1875073245049 29.4117647058824

Number Of Homes And Apartments:
463

Wanatah 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
26.98% 1.39% 8 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,018 / per month

Homeownership Rate

Homeownership
Owners 83.59
Renters 16.41
Vacant 11.47

Housing Market Details

 

Age of Homes

AGE OF Wanatah HOMES
2000 or Newer 6.7
1970 - 1999 40.3
1940 - 1969 28.7
1939 or Older 24.3

Types of Homes

TYPE OF Wanatah HOMES
Single-Family 91.2
Townhomes 2.1
Small Apt. Buildings 4.6
Apt. Complexes 1.0
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Wanatah HOMES
No Bedroom 0.00
1 Bedroom 2.87
2 Bedrooms 29.25
3 Bedrooms 51.63
4 Bedrooms 12.43
5 or more bedrooms 3.82

Popular Neighborhoods in Wanatah

Zip Codes in Wanatah, IN