Zionsville, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Zionsville, 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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Zionsville Housing Market Information

With a population of 26,784, 9,036 total housing units (homes and apartments), and a median house value of $428,552, 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 80.63% of Zionsville's homes, and 64.94% 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. 44.21% 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 ( 40.04%), and between 1940-1969 ( 9.62%). There's also some housing in Zionsville built before 1939 ( 6.13%).

Zionsville Home Appreciation Rates

In the last 10 years, Zionsville has experienced some of the highest home appreciation rates of any community in the nation. Zionsville real estate appreciated 31.94% over the last ten years, which is an average annual home appreciation rate of 2.81%, putting Zionsville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Zionsville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 9.86%, which is higher than appreciation rates in 92.44% 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 4.80%, which equates to an annual appreciation rate of 20.64%.

Importantly, this makes Zionsville 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 Zionsville's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$428,552

Zionsville, IN HOME PRICES

Value Range
> $1,282,000 2.7
$961,001 - $1,282,000 4.0
$641,001 - $961,000 13.0
$513,001 - $641,000 12.4
$385,001 - $513,000 25.1
$257,001 - $385,000 22.8
$128,001 - $257,000 16.8
$64,001 - $128,000 1.3
$0 - $64,000 2.0

Very High for IN
Very High for Nation

Value Relative to Nation Value Relative to State
9.90948905109489 0.452488687782805

Number Of Homes And Apartments:
9,036

Zionsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
64.51% 2.69%
10
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,630 / per month

Homeownership Rate

Homeownership
Owners 80.63
Renters 19.37
Vacant 6.02

Housing Market Details

 

Age of Homes

AGE OF Zionsville HOMES
2000 or Newer 44.2
1970 - 1999 40.0
1940 - 1969 9.6
1939 or Older 6.1

Types of Homes

TYPE OF Zionsville HOMES
Single-Family 79.1
Townhomes 6.5
Small Apt. Buildings 2.2
Apt. Complexes 10.1
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Zionsville HOMES
No Bedroom 0.50
1 Bedroom 7.69
2 Bedrooms 11.13
3 Bedrooms 25.27
4 Bedrooms 39.67
5 or more bedrooms 15.75