The housing market in Spring Grove, IN is doing remarkably well compared to the national average. The median home value in Spring Grove is $144,300, which is much lower than the national median of $338,100. However, what really stands out is the one year house appreciation rate, which has been 13.04%, higher than the US rate of 8.27%. This suggests that there are many people looking to purchase homes in Spring Grove and that there is a great opportunity for investment in this area at this time.
The median home cost in Spring Grove is $144,300. Home appreciation the last 10 years has been 73.6%. Home Appreciation in Spring Grove is up 15.1%.
Average Age of Homes
- The median age of Spring Grove real estate is 62 years old
The Rental Market in Spring Grove
- Renters make up 20.5% of the Spring Grove population
- 0.0% of houses and apartments in Spring Grove, 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.