The housing market in New Pekin, IN is thriving with a median home value of $142,300. This is significantly lower than the US median home value of $338,100 and offers a great opportunity for potential buyers. The appreciation of house prices in New Pekin has also outpaced the national average in the last year, at 13.41%, compared to 8.27%. This makes now an ideal time for first-time buyers or investors to get into the market as property values are expected to continue increasing.
The median home cost in New Pekin is $142,300. Home appreciation the last 10 years has been 81.4%. Home Appreciation in New Pekin is up 15.2%.
Average Age of Homes
- The median age of New Pekin real estate is 38 years old
The Rental Market in New Pekin
- Renters make up 33.6% of the New Pekin population
- 0.5% of houses and apartments in New Pekin, 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.