Wheatfield, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wheatfield, IN Real Estate Data


Wheatfield Housing Market Information

With a population of 845, 330 total housing units (homes and apartments), and a median house value of $171,426, Wheatfield 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 Wheatfield, accounting for 81.40% of the town's housing units. Other types of housing that are prevalent in Wheatfield include duplexes, homes converted to apartments or other small apartment buildings ( 12.94%), mobile homes or trailers ( 4.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wheatfield. Owner-occupied housing accounts for 65.16% of Wheatfield's homes, and 62.80% 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. Wheatfield's housing was primarily built during this period, from the '40s through the '60s. A full 45.01% of the town's housing hails from this era. Other housing ages represented in Wheatfield include homes built before 1939 ( 25.07%) and housing constructed between 1970-1999 ( 15.90%). There's also some housing in Wheatfield built between 2000 and later ( 14.02%).

Vacant housing appears to be an issue in Wheatfield. Fully 11.05% of the housing stock is classified as vacant. Left unchecked, vacant Wheatfield homes and apartments can be a drag on the real estate market, holding Wheatfield 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.

Wheatfield Home Appreciation Rates

Appreciation rates for homes in Wheatfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.27%, which ranks in the top 40% nationwide. This equates to an annual average Wheatfield house appreciation rate of 1.07%.

NeighborhoodScout's data show that during the latest twelve months, Wheatfield's appreciation rate, at 5.07%, has been at or slightly above the national average. In the latest quarter, Wheatfield's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

Relative to Indiana, our data show that Wheatfield's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$171,426

Wheatfield, IN HOME PRICES

Value Range
> $1,140,000 0.8
$855,001 - $1,140,000 0.0
$570,001 - $855,000 1.3
$456,001 - $570,000 0.0
$342,001 - $456,000 8.5
$228,001 - $342,000 10.1
$114,001 - $228,000 57.6
$57,001 - $114,000 11.8
$0 - $57,000 10.0

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
42.1853955612813 16.289592760181

Number Of Homes And Apartments:
330

Rent & Ownership

 

Average Market Rent:
$842 / per month

Homeownership Rate

Homeownership
Owners 65.16
Renters 34.84
Vacant 11.05

Housing Market Details

 

Age of Homes

AGE OF Wheatfield HOMES
2000 or Newer 14.0
1970 - 1999 15.9
1940 - 1969 45.0
1939 or Older 25.1

Types of Homes

TYPE OF Wheatfield HOMES
Single-Family 81.4
Townhomes 0.5
Small Apt. Buildings 12.9
Apt. Complexes 0.5
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Wheatfield HOMES
No Bedroom 0.00
1 Bedroom 7.28
2 Bedrooms 29.65
3 Bedrooms 51.48
4 Bedrooms 11.32
5 or more bedrooms 0.27

Wheatfield 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
36.82% 1.86% 9 4
* 10 is highest

Popular Neighborhoods in Wheatfield

Zip Codes in Wheatfield, IN