The housing market in 47016 Cedar Grove, IN is vibrant and growing. The housing median value in this area is $263,400, which is lower than the US house median value of $338,100. However, the US one-year house appreciation rate of 8.27% is mirrored by the one-year house appreciation rate in 47016 Cedar Grove, IN at 8.27%. This indicates that the market in this area is stable and likely to continue to appreciate over time. Therefore, people looking for a good real estate investment opportunity should consider investing in 47016 Cedar Grove, IN.
The median home cost in Cedar Grove (zip 47016) is $263,400. Home appreciation the last 10 years has been 66.4%. Home Appreciation in Cedar Grove (zip 47016) is up 14.6%.
Average Age of Homes
- The median age of Cedar Grove (zip 47016) real estate is 78 years old
The Rental Market in Cedar Grove (zip 47016)
- Renters make up 15.4% of the Cedar Grove (zip 47016) population
- 0.0% of houses and apartments in Cedar Grove (zip 47016), 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.