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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 1,015, 369 total housing units (homes and apartments), and a median house value of $140,695, 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.
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 6.64%, which ranks in the top 40% nationwide. This equates to an annual average Wolcottville house appreciation rate of 0.65%.
NeighborhoodScout's data show that during the latest twelve months, Wolcottville's appreciation rate, at 3.52%, has been at or slightly above the national average. In the latest quarter, Wolcottville's appreciation rate has been -1.14%, which annualizes to a rate of -4.49%.
Notably, Wolcottville's appreciation rate in the latest quarter is one of the lowest in America.
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.
|$837,001 - $1,116,000||0.2|
|$558,001 - $837,000||4.0|
|$446,001 - $558,000||3.1|
|$334,001 - $446,000||8.1|
|$223,001 - $334,000||15.7|
|$111,001 - $223,000||32.8|
|$56,001 - $111,000||24.8|
|$0 - $56,000||10.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Wolcottville HOMES|
|2000 or Newer||8.8|
|1970 - 1999||33.7|
|1940 - 1969||16.2|
|1939 or Older||41.4|
|TYPE OF Wolcottville HOMES|
|Small Apt. Buildings||6.8|
|SIZE OF Wolcottville HOMES|
|5 or more bedrooms||1.97|