The housing market in Rensselaer, IN is booming. The median value for homes in the city is currently $185,100, which is much lower than the US median value of $338,100. This low cost combined with strong house appreciation over the last year of 10.75%, far surpassing the US average 1 year appreciation rate of 8.27%, makes Rensselaer an attractive option for potential home buyers looking to take advantage of a great investment opportunity.
The median home cost in Rensselaer is $185,100. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Rensselaer is up 14.6%.
Average Age of Homes
- The median age of Rensselaer real estate is 58 years old
The Rental Market in Rensselaer
- Renters make up 36.8% of the Rensselaer population
- 3.2% of houses and apartments in Rensselaer, 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.