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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 18,233 people, 6,702 houses or apartments, and a median cost of homes of $110,349, house prices in Logansport 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 Logansport, accounting for 74.54% of the city's housing units. Other types of housing that are prevalent in Logansport include duplexes, homes converted to apartments or other small apartment buildings ( 12.38%), large apartment complexes or high rise apartments ( 9.09%), and a few row houses and other attached homes ( 3.00%).
People in Logansport primarily live in small (one, two or no bedroom) single-family detached homes. Logansport has a mixture of owner-occupied and renter-occupied housing.
The housing in Logansport was primarily built before 1939 ( 47.33%), making the housing stock in Logansport some of the oldest overall in America, although there is a range of ages of homes in Logansport. The next most important housing age is between 1940-1969 ( 29.02%), followed by between 1970-1999 ( 18.82%). There's also some housing in Logansport built between 2000 and later ( 4.83%).
Vacant housing appears to be an issue in Logansport. Fully 10.66% of the housing stock is classified as vacant. Left unchecked, vacant Logansport homes and apartments can be a drag on the real estate market, holding Logansport 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.
Real estate appreciation rates in Logansport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.64% during the period.
Appreciation rates are so strong in Logansport that despite a nationwide downturn in the housing market, Logansport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Logansport appreciation rates continue to be some of the highest in America, at 9.88%, which is higher than appreciation rates in 78.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Logansport. Logansport appreciation rates in the latest quarter were at 2.24%, which equates to an annual appreciation rate of 9.28%.
Relative to Indiana, our data show that Logansport's latest annual appreciation rate is higher than 50% 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 city. Individual neighborhoods within Logansport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Logansport - 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 Logansport real estate investment or home purchase decisions.
$110,349
for Indiana
for nation
6,702
$1,138 / per month