Granger, 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

Granger, IN Housing Market Trends

With a population of 30,853, 10,749 total housing units (homes and apartments), and a median house value of $271,987, Granger real estate is some of the most expensive in Indiana, although Granger home values aren't among America's most expensive.

Granger is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Granger than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Granger. Owner-occupied housing accounts for 95.36% of Granger's homes, and 83.82% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Granger 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 Granger built between 1940-1969 ( 14.53%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.94%). There's also some housing in Granger built before 1939 ( 1.61%).

Granger Home Appreciation Rates

Appreciation rates for homes in Granger have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.79%, which ranks in the top 50% nationwide. This equates to an annual average Granger house appreciation rate of 3.91%.

NeighborhoodScout's data show that during the latest twelve months, Granger's appreciation rate, at 8.58%, has been at or slightly above the national average. In the latest quarter, Granger's appreciation rate has been 2.20%, which annualizes to a rate of 9.10%.

Relative to Indiana, our data show that Granger's latest annual appreciation rate is lower than 60% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Granger differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Granger - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Granger real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$271,987

Granger, IN HOME PRICES

> $1,221,000
1.2%
1.2%
$915,001 - $1,221,000
1.0%
1.0%
$610,001 - $915,000
3.6%
3.6%
$488,001 - $610,000
5.6%
5.6%
$367,001 - $488,000
13.9%
13.9%
$244,001 - $367,000
31.3%
31.3%
$122,001 - $244,000
38.8%
38.8%
$61,001 - $122,000
3.3%
3.3%
$0 - $61,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
10,749

Granger 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
61.59% 2.26%
7
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,817 / per month

Homeownership Rate

Owners
95.4%
95.4%
Renters
4.6%
4.6%
Vacant
4.1%
4.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.9%
12.9%
1970 - 1999
70.9%
70.9%
1940 - 1969
14.5%
14.5%
1939 or Older
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
97.6%
97.6%
Townhomes
0.1%
0.1%
Small Apt. Buildings
0.2%
0.2%
Apt. Complexes
1.2%
1.2%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.6%
0.6%
2 Bedrooms
5.7%
5.7%
3 Bedrooms
38.5%
38.5%
4 Bedrooms
45.4%
45.4%
5 or more bedrooms
9.9%
9.9%
0.0% 100.0%
% OF HOMES