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 4,592 people, 1,487 houses or apartments, and a median cost of homes of $312,360, Ligonier 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 Ligonier, accounting for 61.66% of the city's housing units. Other types of housing that are prevalent in Ligonier include large apartment complexes or high rise apartments ( 17.96%), duplexes, homes converted to apartments or other small apartment buildings ( 10.55%), and a few mobile homes or trailers ( 9.83%).
The most prevalent building size and type in Ligonier are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.48% owning and 46.52% renting.
There is a lot of housing in Ligonier 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 Ligonier built before 1939 ( 29.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.46%). There's also some housing in Ligonier built between 1940-1969 ( 17.18%).
Vacant housing appears to be an issue in Ligonier. Fully 10.37% of the housing stock is classified as vacant. Left unchecked, vacant Ligonier homes and apartments can be a drag on the real estate market, holding Ligonier 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.
In the last 10 years, Ligonier has experienced some of the highest home appreciation rates of any community in the nation. Ligonier real estate appreciated 116.84% over the last ten years, which is an average annual home appreciation rate of 8.05%, putting Ligonier in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ligonier definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Ligonier's appreciation rate, at 5.44%, has been at or slightly above the national average. In the latest quarter, Ligonier's appreciation rate has been 1.91%, which annualizes to a rate of 7.88%.
Relative to Indiana, our data show that Ligonier's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.
$312,360
for Indiana
for nation
1,487
$1,359 / per month