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 6,657, 2,707 total housing units (homes and apartments), and a median house value of $258,954, Ellettsville 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 Ellettsville, accounting for 85.94% of the town's housing units. Other types of housing that are prevalent in Ellettsville include duplexes, homes converted to apartments or other small apartment buildings ( 6.91%), large apartment complexes or high rise apartments ( 3.35%), and a few row houses and other attached homes ( 2.83%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ellettsville. Owner-occupied housing accounts for 85.83% of Ellettsville's homes, and 80.86% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Ellettsville 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 Ellettsville built between 2000 and later ( 34.97%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.09%). There's also some housing in Ellettsville built before 1939 ( 3.59%).
Appreciation rates for homes in Ellettsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.41%, which ranks in the top 50% nationwide. This equates to an annual average Ellettsville house appreciation rate of 6.60%.
Over the last year, Ellettsville appreciation rates have trailed the rest of the nation. In the last twelve months, Ellettsville's appreciation rate has been 3.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Ellettsville were at 0.23%, which equates to an annual appreciation rate of 0.91%.
Notably, Ellettsville's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Ellettsville's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.
$258,954
for Indiana
for nation
2,707
$1,025 / per month