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 4,529, 1,580 total housing units (homes and apartments), and a median house value of $311,601, Whiting 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 Whiting, accounting for 63.28% of the city's housing units. Other types of housing that are prevalent in Whiting include duplexes, homes converted to apartments or other small apartment buildings ( 28.91%), large apartment complexes or high rise apartments ( 5.67%), and a few mobile homes or trailers ( 1.93%).
The most prevalent building size and type in Whiting are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.41% owning and 42.59% renting.
The housing in Whiting was primarily built before 1939 ( 64.29%), making the housing stock in Whiting some of the oldest overall in America, although there is a range of ages of homes in Whiting. The next most important housing age is between 1940-1969 ( 20.61%), followed by between 2000 and later ( 10.28%). There's also some housing in Whiting built between 1970-1999 ( 4.82%).
Vacant housing appears to be an issue in Whiting. Fully 15.42% of the housing stock is classified as vacant. Left unchecked, vacant Whiting homes and apartments can be a drag on the real estate market, holding Whiting 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.
Appreciation rates for homes in Whiting have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.59%, which ranks in the top 50% nationwide. This equates to an annual average Whiting house appreciation rate of 6.94%.
NeighborhoodScout's data show that during the latest twelve months, Whiting's appreciation rate, at 6.84%, has been at or slightly above the national average. In the latest quarter, Whiting's appreciation rate has been 2.79%, which annualizes to a rate of 11.63%.
Relative to Indiana, our data show that Whiting's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.
$311,601
for Indiana
for nation
1,580
$1,623 / per month