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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Boonville, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Boonville, IN Housing Market Trends

With 6,676 people, 2,777 houses or apartments, and a median cost of homes of $194,941, house prices in Boonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Boonville, accounting for 78.65% of the city's housing units. Other types of housing that are prevalent in Boonville include large apartment complexes or high rise apartments ( 9.59%), duplexes, homes converted to apartments or other small apartment buildings ( 9.07%), and a few mobile homes or trailers ( 1.43%).

People in Boonville primarily live in small (one, two or no bedroom) single-family detached homes. Boonville has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Boonville built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Boonville built before 1939 ( 32.26%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.27%). There's also some housing in Boonville built between 2000 and later ( 7.00%).

Vacant housing appears to be an issue in Boonville. Fully 10.04% of the housing stock is classified as vacant. Left unchecked, vacant Boonville homes and apartments can be a drag on the real estate market, holding Boonville real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Boonville Home Appreciation Rates

Appreciation rates for homes in Boonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.00%, which ranks in the top 40% nationwide. This equates to an annual average Boonville house appreciation rate of 6.68%.

NeighborhoodScout's data show that during the latest twelve months, Boonville's appreciation rate, at 5.77%, has been at or slightly above the national average. In the latest quarter, Boonville's appreciation rate has been 0.76%, which annualizes to a rate of 3.07%.

Relative to Indiana, our data show that Boonville's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$194,941

Boonville, IN Home Prices
> $1,328,000
$996,001 - $1,328,000
$664,001 - $996,000
$531,001 - $664,000
$399,001 - $531,000
$265,001 - $399,000
$133,001 - $265,000
$67,001 - $133,000
$0 - $67,000
0.4%
0.4%
0.1%
0.1%
1.1%
1.1%
1.7%
1.7%
4.9%
4.9%
15.0%
15.0%
51.7%
51.7%
20.0%
20.0%
5.2%
5.2%
0% 100.0%
% of Homes
Low

for Indiana

Low

for nation

Number of Homes And Apartments:

2,777

Boonville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,288 / per month

Homeownership Rate

Owners
Renters
61.7%
61.7%
38.3%
38.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.0%
10.0%
90.0%
90.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.0%
7.0%
35.5%
35.5%
25.3%
25.3%
32.3%
32.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.7%
78.7%
1.3%
1.3%
9.1%
9.1%
9.6%
9.6%
1.4%
1.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.8%
1.8%
11.9%
11.9%
36.6%
36.6%
35.6%
35.6%
12.2%
12.2%
1.8%
1.8%
0% 100.0%
% of Homes