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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 6,227, 2,621 total housing units (homes and apartments), and a median house value of $105,161, house prices in Boonville are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Boonville, accounting for 76.41% of the city's housing units. Other types of housing that are prevalent in Boonville include large apartment complexes or high rise apartments ( 9.81%), duplexes, homes converted to apartments or other small apartment buildings ( 9.81%), and a few mobile homes or trailers ( 3.35%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Boonville. Owner-occupied housing accounts for 66.71% of Boonville's homes, and 51.80% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Boonville's housing was primarily built during this period, from the '40s through the '60s. A full 36.49% of the city's housing hails from this era. Other housing ages represented in Boonville include homes built between 1970-1999 ( 36.16%) and housing constructed before 1939 ( 23.11%). There's also some housing in Boonville built between 2000 and later ( 4.23%).

Boonville Home Appreciation Rates

Boonville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Boonville during the period has been just 2.36%, which is lower than 80% of US communities.

Over the last year, Boonville appreciation rates have trailed the rest of the nation. In the last twelve months, Boonville's appreciation rate has been 3.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boonville were at 2.98%, which equates to an annual appreciation rate of 12.48%.

Relative to Indiana, our data show that Boonville's latest annual appreciation rate is lower than 90% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$105,161

Boonville, IN HOME PRICES

> $1,102,000
0.1%
0.1%
$826,001 - $1,102,000
0.5%
0.5%
$551,001 - $826,000
0.4%
0.4%
$440,001 - $551,000
0.4%
0.4%
$331,001 - $440,000
3.0%
3.0%
$220,001 - $331,000
9.1%
9.1%
$110,001 - $220,000
37.7%
37.7%
$55,001 - $110,000
40.8%
40.8%
$0 - $55,000
8.1%
8.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Very Low for IN

Value Relative To Nation

Number Of Homes And Apartments:
2,621

Boonville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
41.89% 1.64%
3
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$926 / per month

Homeownership Rate

Owners
66.7%
66.7%
Renters
33.3%
33.3%
Vacant
4.4%
4.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.2%
4.2%
1970 - 1999
36.2%
36.2%
1940 - 1969
36.5%
36.5%
1939 or Older
23.1%
23.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.4%
76.4%
Townhomes
0.6%
0.6%
Small Apt. Buildings
9.8%
9.8%
Apt. Complexes
9.8%
9.8%
Mobile Homes
3.4%
3.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.2%
3.2%
1 Bedroom
6.5%
6.5%
2 Bedrooms
35.8%
35.8%
3 Bedrooms
44.5%
44.5%
4 Bedrooms
7.3%
7.3%
5 or more bedrooms
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Boonville

Zip Codes in Boonville, IN