Wolcottville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wolcottville, IN Real Estate Data


Wolcottville Housing Market Information

With a population of 1,015, 369 total housing units (homes and apartments), and a median house value of $142,359, Wolcottville 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 Wolcottville, accounting for 65.65% of the town's housing units. Other types of housing that are prevalent in Wolcottville include mobile homes or trailers ( 19.91%), large apartment complexes or high rise apartments ( 7.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.78%).

The most prevalent building size and type in Wolcottville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.35% owning and 40.65% renting.

The housing in Wolcottville was primarily built before 1939 ( 41.36%), making the housing stock in Wolcottville some of the oldest overall in America, although there is a range of ages of homes in Wolcottville. The next most important housing age is between 1970-1999 ( 33.70%), followed by between 1940-1969 ( 16.19%). There's also some housing in Wolcottville built between 2000 and later ( 8.75%).

Vacant housing appears to be an issue in Wolcottville. Fully 19.26% of the housing stock is classified as vacant. Left unchecked, vacant Wolcottville homes and apartments can be a drag on the real estate market, holding Wolcottville 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.

Wolcottville Home Appreciation Rates

Appreciation rates for homes in Wolcottville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.63%, which ranks in the top 40% nationwide. This equates to an annual average Wolcottville house appreciation rate of 0.83%.

NeighborhoodScout's data show that during the latest twelve months, Wolcottville's appreciation rate, at 3.78%, has been at or slightly above the national average. In the latest quarter, Wolcottville's appreciation rate has been 1.20%, which annualizes to a rate of 4.87%.

Relative to Indiana, our data show that Wolcottville's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$142,359

Wolcottville, IN HOME PRICES

Value Range
> $1,129,000 0.0
$847,001 - $1,129,000 0.2
$564,001 - $847,000 4.0
$452,001 - $564,000 3.1
$339,001 - $452,000 8.1
$226,001 - $339,000 15.7
$113,001 - $226,000 32.8
$56,001 - $113,000 24.8
$0 - $56,000 10.1

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
53.3311848119067 33.8235294117647

Number Of Homes And Apartments:
369

Rent & Ownership

 

Average Market Rent:
$854 / per month

Homeownership Rate

Homeownership
Owners 59.35
Renters 40.65
Vacant 19.26

Housing Market Details

 

Age of Homes

AGE OF Wolcottville HOMES
2000 or Newer 8.8
1970 - 1999 33.7
1940 - 1969 16.2
1939 or Older 41.4

Types of Homes

TYPE OF Wolcottville HOMES
Single-Family 65.6
Townhomes 0.2
Small Apt. Buildings 6.8
Apt. Complexes 7.4
Mobile Homes 19.9
Other 0.0

Home Size

SIZE OF Wolcottville HOMES
No Bedroom 0.00
1 Bedroom 14.66
2 Bedrooms 23.85
3 Bedrooms 43.98
4 Bedrooms 15.54
5 or more bedrooms 1.97

Wolcottville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
43.21% 2.10% 10 5
* 10 is highest

Popular Neighborhoods in Wolcottville

Zip Codes in Wolcottville, IN