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 1,020 people, 397 houses or apartments, and a median cost of homes of $257,811, Wolcottville 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 Wolcottville, accounting for 58.86% of the town's housing units. Other types of housing that are prevalent in Wolcottville include mobile homes or trailers ( 30.23%), duplexes, homes converted to apartments or other small apartment buildings ( 6.14%), and a few large apartment complexes or high rise apartments ( 4.32%).
The most prevalent building size and type in Wolcottville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.42% owning and 43.58% renting.
The housing in Wolcottville was primarily built before 1939 ( 37.27%), making the housing stock in Wolcottville some of the oldest overall in America, although there is a range of ages of homes in Wolcottville. The next most important housing age is between 1970-1999 ( 33.64%), followed by between 2000 and later ( 16.14%). There's also some housing in Wolcottville built between 1940-1969 ( 12.95%).
Appreciation rates for homes in Wolcottville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.69%, which ranks in the top 30% nationwide. This equates to an annual average Wolcottville house appreciation rate of 7.48%.
Appreciation rates are so strong in Wolcottville that despite a nationwide downturn in the housing market, Wolcottville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wolcottville appreciation rates continue to be some of the highest in America, at 8.70%, which is higher than appreciation rates in 77.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wolcottville. Wolcottville appreciation rates in the latest quarter were at 1.91%, which equates to an annual appreciation rate of 7.88%.
Relative to Indiana, our data show that Wolcottville's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.
$257,811
for Indiana
for nation
397
$1,226 / per month