Noblesville, 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 2020. 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

Noblesville, IN Housing Market Trends

With 64,668 people, 23,161 houses or apartments, and a median cost of homes of $244,180, Noblesville real estate is some of the most expensive in Indiana, although Noblesville home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Noblesville, accounting for 70.09% of the city's housing units. Other types of housing that are prevalent in Noblesville include large apartment complexes or high rise apartments ( 17.21%), duplexes, homes converted to apartments or other small apartment buildings ( 6.72%), and a few row houses and other attached homes ( 3.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Noblesville. Owner-occupied housing accounts for 70.37% of Noblesville's homes, and 63.51% have either three or four bedrooms, which is average sized relative to America.

Noblesville homes and real estate are some of the newest in America. 54.83% of Noblesville's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Noblesville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.60%), and between 1940-1969 ( 5.98%). There's also some housing in Noblesville built before 1939 ( 5.60%).

Noblesville Home Appreciation Rates

Appreciation rates for homes in Noblesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 48.26%, which ranks in the top 30% nationwide. This equates to an annual average Noblesville house appreciation rate of 4.02%.

Appreciation rates are so strong in Noblesville that despite a nationwide downturn in the housing market, Noblesville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Noblesville appreciation rates continue to be some of the highest in America, at 6.55%, which is higher than appreciation rates in 76.81% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Noblesville. Noblesville appreciation rates in the latest quarter were at 2.42%, which equates to an annual appreciation rate of 10.05%.

Relative to Indiana, our data show that Noblesville's latest annual appreciation rate is higher than 80% 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 Noblesville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Noblesville - 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 Noblesville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$244,180

Noblesville, IN HOME PRICES

> $1,220,000
0.7%
0.7%
$915,001 - $1,220,000
1.2%
1.2%
$610,001 - $915,000
4.3%
4.3%
$488,001 - $610,000
5.5%
5.5%
$366,001 - $488,000
13.7%
13.7%
$244,001 - $366,000
27.4%
27.4%
$122,001 - $244,000
37.6%
37.6%
$61,001 - $122,000
5.8%
5.8%
$0 - $61,000
3.8%
3.8%
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:
23,161

Noblesville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
65.06% 2.42%
9
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,338 / per month

Homeownership Rate

Owners
70.4%
70.4%
Renters
29.6%
29.6%
Vacant
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
54.8%
54.8%
1970 - 1999
33.6%
33.6%
1940 - 1969
6.0%
6.0%
1939 or Older
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
70.1%
70.1%
Townhomes
3.7%
3.7%
Small Apt. Buildings
6.7%
6.7%
Apt. Complexes
17.2%
17.2%
Mobile Homes
2.3%
2.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
7.1%
7.1%
2 Bedrooms
21.9%
21.9%
3 Bedrooms
35.5%
35.5%
4 Bedrooms
28.1%
28.1%
5 or more bedrooms
6.9%
6.9%
0.0% 100.0%
% OF HOMES