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 about Scout's Real Estate Data
With a population of 11,562, 4,414 total housing units (homes and apartments), and a median house value of $210,721, house prices in Yorktown are solidly below the national average.
Single-family detached homes are the single most common housing type in Yorktown, accounting for 90.28% of the town's housing units. Other types of housing that are prevalent in Yorktown include large apartment complexes or high rise apartments ( 4.07%), mobile homes or trailers ( 2.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.70%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Yorktown. Owner-occupied housing accounts for 91.32% of Yorktown's homes, and 80.86% 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. Yorktown's housing was primarily built during this period, from the '40s through the '60s. A full 39.07% of the town's housing hails from this era. Other housing ages represented in Yorktown include homes built between 1970-1999 ( 33.46%) and housing constructed between 2000 and later ( 15.82%). There's also some housing in Yorktown built before 1939 ( 11.65%).
Appreciation rates for homes in Yorktown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 73.98%, which ranks in the top 50% nationwide. This equates to an annual average Yorktown house appreciation rate of 5.69%.
Appreciation rates are so strong in Yorktown that despite a nationwide downturn in the housing market, Yorktown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Yorktown appreciation rates continue to be some of the highest in America, at 13.73%, which is higher than appreciation rates in 93.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Yorktown. Yorktown appreciation rates in the latest quarter were at 3.41%, which equates to an annual appreciation rate of 14.35%.
Importantly, this makes Yorktown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Indiana, our data show that Yorktown's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.
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