The housing market in Speedway, IN is on the rise. The housing median value for the area is $218,200, which is much lower than the US house median value of $338,100. Over the past year, the US house appreciation rate was 8.27%, but in Speedway it has been 10.28%. This shows that there is a strong demand for homes in Speedway and that prices are increasing at a faster rate than many other areas in the country. As such, now may be an opportune time for those who are looking to enter into the housing market in Speedway or upgrade their current home.
The median home cost in Speedway is $218,200. Home appreciation the last 10 years has been 105.7%. Home Appreciation in Speedway is up 17.3%.
Average Age of Homes
- The median age of Speedway real estate is 55 years old
The Rental Market in Speedway
- Renters make up 48.1% of the Speedway population
- 0.9% of houses and apartments in Speedway, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.