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 854, 378 total housing units (homes and apartments), and a median house value of $349,115, Shipshewana real estate is some of the most expensive in Indiana, although Shipshewana home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Shipshewana, accounting for 62.09% of the town's housing units. Other types of housing that are prevalent in Shipshewana include large apartment complexes or high rise apartments ( 16.46%), duplexes, homes converted to apartments or other small apartment buildings ( 11.97%), and a few row houses and other attached homes ( 6.73%).
The most prevalent building size and type in Shipshewana are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.32% owning and 39.68% renting.
There is a lot of housing in Shipshewana 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 Shipshewana built between 2000 and later ( 30.67%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.19%). There's also some housing in Shipshewana built before 1939 ( 12.72%).
Appreciation rates for homes in Shipshewana have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.75%, which ranks in the top 40% nationwide. This equates to an annual average Shipshewana house appreciation rate of 7.00%.
NeighborhoodScout's data show that during the latest twelve months, Shipshewana's appreciation rate, at 7.22%, has been at or slightly above the national average. In the latest quarter, Shipshewana's appreciation rate has been 1.91%, which annualizes to a rate of 7.88%.
Relative to Indiana, our data show that Shipshewana's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.
$349,115
for Indiana
for nation
378
$1,197 / per month