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 14,554, 5,727 total housing units (homes and apartments), and a median house value of $321,208, Chesterton real estate is some of the most expensive in Indiana, although Chesterton home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Chesterton, accounting for 66.67% of the town's housing units. Other types of housing that are prevalent in Chesterton include large apartment complexes or high rise apartments ( 11.68%), duplexes, homes converted to apartments or other small apartment buildings ( 10.51%), and a few row houses and other attached homes ( 10.19%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Chesterton. Owner-occupied housing accounts for 70.50% of Chesterton's homes, and 64.58% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Chesterton built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Chesterton built between 2000 and later ( 30.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.82%). There's also some housing in Chesterton built before 1939 ( 14.42%).
Real estate appreciation rates in Chesterton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period.
Appreciation rates are so strong in Chesterton that despite a nationwide downturn in the housing market, Chesterton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Chesterton appreciation rates continue to be some of the highest in America, at 9.10%, which is higher than appreciation rates in 81.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Chesterton. Chesterton appreciation rates in the latest quarter were at 2.79%, which equates to an annual appreciation rate of 11.63%.
Relative to Indiana, our data show that Chesterton's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Chesterton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Chesterton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Chesterton real estate investment or home purchase decisions.
$321,208
for Indiana
for nation
5,727
$1,847 / per month