Zip 47590 (Velpen, IN) Housing

The housing market in 47590 Velpen, IN is doing well. The median value of homes in the area is $194,300, which is significantly lower than the national median value of $338,100. Despite the lower value, homes in 47590 Velpen have appreciated 8.45% in the past year, slightly higher than the national average of 8.27%. This demonstrates that demand for housing in this area has increased over time and that homes are a good investment.

The median home cost in Velpen (zip 47590) is $194,300. Home appreciation the last 10 years has been 63.6%. Home Appreciation in Velpen (zip 47590) is up 13.8%.

Average Age of Homes

- The median age of Velpen (zip 47590) real estate is 48 years old

The Rental Market in Velpen (zip 47590)

- Renters make up 5.3% of the Velpen (zip 47590) population
- 0.0% of houses and apartments in Velpen (zip 47590), 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	Velpen, Indiana	United States
	214.0	139,647,020.0
	29	42
	$194,300	$338,100
	13.8%	16.6%
	45.2%	57.0%
	63.6%	101.1%
	$7.84	$10.98
	$950	$2,690
	85.0%	57.4%
	6.5%	11.2%
	8.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	6.5%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	4.4%	2.4%
	15.4%	2.8%
	0.0%	3.9%
	13.7%	4.5%
	4.9%	11.3%
	19.8%	13.0%
	27.5%	20.1%
	14.3%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.9%	13.6%
	8.9%	13.6%
	36.4%	13.6%
	7.0%	13.2%
	7.9%	14.8%
	36.4%	13.6%
	13.1%	10.0%
	0.0%	4.7%
	10.3%	12.2%

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