Zionsville, IN Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Zionsville, IN Housing Market Trends

With 28,357 people, 9,865 houses or apartments, and a median cost of homes of $490,506, Zionsville house prices are not only among the most expensive in Indiana, Zionsville real estate also is some of the most expensive in all of America.

Zionsville is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Zionsville than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Zionsville. Owner-occupied housing accounts for 82.94% of Zionsville's homes, and 60.78% have either three or four bedrooms, which is average sized relative to America.

Zionsville homes and real estate are some of the newest in America. 45.02% of Zionsville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Zionsville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 39.98%), and between 1940-1969 ( 8.74%). There's also some housing in Zionsville built before 1939 ( 6.26%).

Zionsville Home Appreciation Rates

Appreciation rates for homes in Zionsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.67%, which ranks in the top 30% nationwide. This equates to an annual average Zionsville house appreciation rate of 3.90%.

Appreciation rates are so strong in Zionsville that despite a nationwide downturn in the housing market, Zionsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Zionsville appreciation rates continue to be some of the highest in America, at 6.56%, which is higher than appreciation rates in 77.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Zionsville. Zionsville appreciation rates in the latest quarter were at 2.43%, which equates to an annual appreciation rate of 10.08%.

Relative to Indiana, our data show that Zionsville's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$490,506

Zionsville, IN HOME PRICES

> $1,200,000
4.7%
4.7%
$900,001 - $1,200,000
3.4%
3.4%
$600,001 - $900,000
18.0%
18.0%
$480,001 - $600,000
16.3%
16.3%
$360,001 - $480,000
23.2%
23.2%
$240,001 - $360,000
21.1%
21.1%
$120,001 - $240,000
12.2%
12.2%
$60,001 - $120,000
0.5%
0.5%
$0 - $60,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
9,865

Zionsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
77.58% 2.77%
10
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,587 / per month

Homeownership Rate

Owners
82.9%
82.9%
Renters
17.1%
17.1%
Vacant
5.9%
5.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
45.0%
45.0%
1970 - 1999
40.0%
40.0%
1940 - 1969
8.7%
8.7%
1939 or Older
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
80.4%
80.4%
Townhomes
7.0%
7.0%
Small Apt. Buildings
2.6%
2.6%
Apt. Complexes
8.6%
8.6%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
6.2%
6.2%
2 Bedrooms
12.5%
12.5%
3 Bedrooms
22.8%
22.8%
4 Bedrooms
37.9%
37.9%
5 or more bedrooms
20.3%
20.3%
0.0% 100.0%
% OF HOMES