The housing market in Pendleton, IN is thriving. The median value of houses in Pendleton is $273,800, which is significantly lower than the US house median value of $338,100. In addition, the one year house appreciation rate for Pendleton is 13.98%, which is higher than the US average of 8.27%. This makes Pendleton a great place to invest in real estate as prices are increasing at a much faster pace than other markets in the United States.
The median home cost in Pendleton is $273,800. Home appreciation the last 10 years has been 92.9%. Home Appreciation in Pendleton is up 18.4%.
Average Age of Homes
- The median age of Pendleton real estate is 44 years old
The Rental Market in Pendleton
- Renters make up 33.4% of the Pendleton population
- 3.5% of houses and apartments in Pendleton, 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.