Whiting, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Whiting Neighborhoods Since 2000




Whiting, 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

Whiting Housing Market Information

With 4,872 people, 1,752 houses or apartments, and a median cost of homes of $111,830, house prices in Whiting are solidly below the national average.

Single-family detached homes are the single most common housing type in Whiting, accounting for 62.32% of the city's housing units. Other types of housing that are prevalent in Whiting include duplexes, homes converted to apartments or other small apartment buildings ( 26.87%), large apartment complexes or high rise apartments ( 9.50%), and a few mobile homes or trailers ( 1.04%).

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

The housing in Whiting was primarily built before 1939 ( 68.61%), making the housing stock in Whiting some of the oldest overall in America, although there is a range of ages of homes in Whiting. The next most important housing age is between 1940-1969 ( 19.54%), followed by between 1970-1999 ( 6.02%). There's also some housing in Whiting built between 2000 and later ( 5.83%).

Vacant housing appears to be an issue in Whiting. Fully 20.76% of the housing stock is classified as vacant. Left unchecked, vacant Whiting homes and apartments can be a drag on the real estate market, holding Whiting 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.

Whiting Home Appreciation Rates

Whiting's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Whiting during the period has been just -1.37%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Whiting's appreciation rate, at 4.91%, has been at or slightly above the national average. In the latest quarter, Whiting's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Indiana, our data show that Whiting's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$111,830

Whiting, IN HOME PRICES

Value Range
> $1,055,000 0.0
$792,001 - $1,055,000 0.0
$528,001 - $792,000 0.0
$422,001 - $528,000 0.0
$317,001 - $422,000 1.8
$211,001 - $317,000 3.9
$106,001 - $211,000 51.3
$53,001 - $106,000 33.7
$0 - $53,000 9.4

Low for IN
Low for Nation

Value Relative to Nation Value Relative to State
70.2449314426345 62.89592760181

Number Of Homes And Apartments:
1,752

Whiting 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
5.84% 0.33% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$910 / per month

Homeownership Rate

Homeownership
Owners 61.64
Renters 38.36
Vacant 20.76

Housing Market Details

 

Age of Homes

AGE OF Whiting HOMES
2000 or Newer 5.8
1970 - 1999 6.0
1940 - 1969 19.5
1939 or Older 68.6

Types of Homes

TYPE OF Whiting HOMES
Single-Family 62.3
Townhomes 0.3
Small Apt. Buildings 26.9
Apt. Complexes 9.5
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Whiting HOMES
No Bedroom 2.53
1 Bedroom 12.53
2 Bedrooms 34.83
3 Bedrooms 33.15
4 Bedrooms 11.13
5 or more bedrooms 5.83