Zip 47978 (Rensselaer, IN) Housing

The housing market in 47978 Rensselaer, IN is quite strong compared to the US average. The median value of homes in this area is $191,400 which is significantly lower than the US median value of $338,100. However, the 1 year house appreciation rate in Rensselaer is 10.75%, which is higher than the US one year house appreciation rate of 8.27%. This indicates that the housing market in Rensselaer has been growing quickly and could be a great place to invest in real estate.

The median home cost in Rensselaer (zip 47978) is $191,400. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Rensselaer (zip 47978) is up 14.6%.

Average Age of Homes

- The median age of Rensselaer (zip 47978) real estate is 48 years old

The Rental Market in Rensselaer (zip 47978)

- Renters make up 26.3% of the Rensselaer (zip 47978) population
- 1.9% of houses and apartments in Rensselaer (zip 47978), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Rensselaer, Indiana	United States
	4,486.0	139,647,020.0
	50	42
	$191,400	$338,100
	14.6%	16.6%
	58.9%	57.0%
	84.4%	101.1%
	$4.61	$10.98
	$636	$2,690
	65.6%	57.4%
	7.2%	11.2%
	27.2%	31.4%
Vacant Housing
	1.9%	1.9%
	0.5%	0.4%
	0.5%	0.7%
	0.0%	0.4%
	2.7%	3.6%
	1.5%	4.1%
Value of Owner-Occupied Housing
	0.3%	2.6%
	0.0%	2.4%
	1.3%	2.8%
	6.7%	3.9%
	19.2%	4.5%
	28.2%	11.3%
	24.5%	13.0%
	12.2%	20.1%
	3.4%	13.6%
	1.4%	8.3%
	1.8%	9.7%
	0.2%	3.9%
	0.4%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.4%	13.6%
	7.4%	13.6%
	17.1%	13.6%
	8.5%	13.2%
	16.6%	14.8%
	17.1%	13.6%
	11.0%	10.0%
	9.4%	4.7%
	20.9%	12.2%

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