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 1,787 people, 637 houses or apartments, and a median cost of homes of $261,803, Bristol real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Bristol, accounting for 68.51% of the town's housing units. Other types of housing that are prevalent in Bristol include large apartment complexes or high rise apartments ( 18.51%), duplexes, homes converted to apartments or other small apartment buildings ( 10.46%), and a few mobile homes or trailers ( 2.53%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bristol. Owner-occupied housing accounts for 73.35% of Bristol's homes, and 55.98% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Bristol 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 Bristol built between 2000 and later ( 22.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.44%). There's also some housing in Bristol built before 1939 ( 11.72%).
Vacant housing appears to be an issue in Bristol. Fully 26.78% of the housing stock is classified as vacant. Left unchecked, vacant Bristol homes and apartments can be a drag on the real estate market, holding Bristol 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.
Appreciation rates for homes in Bristol have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.88%, which ranks in the top 50% nationwide. This equates to an annual average Bristol house appreciation rate of 6.62%.
Over the last year, Bristol appreciation rates have trailed the rest of the nation. In the last twelve months, Bristol's appreciation rate has been 2.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bristol were at 1.28%, which equates to an annual appreciation rate of 5.22%.
Relative to Indiana, our data show that Bristol's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.
$261,803
for Indiana
for nation
637
$1,540 / per month