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 34,565 people, 14,339 houses or apartments, and a median cost of homes of $335,177, Valparaiso real estate is some of the most expensive in Indiana, although Valparaiso home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Valparaiso, accounting for 52.50% of the city's housing units. Other types of housing that are prevalent in Valparaiso include large apartment complexes or high rise apartments ( 26.16%), duplexes, homes converted to apartments or other small apartment buildings ( 12.09%), and a few row houses and other attached homes ( 7.86%).
The most prevalent building size and type in Valparaiso are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.85% owning and 49.15% renting.
There is a lot of housing in Valparaiso 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 Valparaiso built between 1940-1969 ( 20.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.16%). There's also some housing in Valparaiso built before 1939 ( 15.31%).
Real estate appreciation rates in Valparaiso's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.08% during the period.
NeighborhoodScout's data show that during the latest twelve months, Valparaiso's appreciation rate, at 7.13%, has been at or slightly above the national average. In the latest quarter, Valparaiso's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Indiana, our data show that Valparaiso's latest annual appreciation rate is higher than 60% 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 city. Individual neighborhoods within Valparaiso differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Valparaiso - 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 Valparaiso real estate investment or home purchase decisions.
$335,177
for Indiana
for nation
14,339
$1,848 / per month