The housing median value in 47980 Reynolds, IN is $154,400, which is significantly lower than the US house median value of $338,100. However, the one year house appreciation rate for this area is 10.75%, which is higher than the US average of 8.27%. This means that although the housing values are lower than the national average in this location, they are increasing at a faster rate than the national average. Therefore, investing in real estate in 47980 Reynolds could be a wise decision as prices are likely to continue to rise over time.
The median home cost in Reynolds (zip 47980) is $154,400. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Reynolds (zip 47980) is up 14.6%.
Average Age of Homes
- The median age of Reynolds (zip 47980) real estate is 52 years old
The Rental Market in Reynolds (zip 47980)
- Renters make up 24.2% of the Reynolds (zip 47980) population
- 1.3% of houses and apartments in Reynolds (zip 47980), 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.