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 a population of 618, 216 total housing units (homes and apartments), and a median house value of $112,700, house prices in Carlisle 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 Carlisle, accounting for 93.94% of the town's housing units. Other types of housing that are prevalent in Carlisle include duplexes, homes converted to apartments or other small apartment buildings ( 5.72%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Carlisle. Owner-occupied housing accounts for 72.69% of Carlisle's homes, and 47.81% have either three or four bedrooms, which is average sized relative to America.
The housing in Carlisle was primarily built before 1939 ( 35.69%), making the housing stock in Carlisle some of the oldest overall in America, although there is a range of ages of homes in Carlisle. The next most important housing age is between 1970-1999 ( 25.25%), followed by between 1940-1969 ( 21.89%). There's also some housing in Carlisle built between 2000 and later ( 17.17%).
Vacant housing appears to be an issue in Carlisle. Fully 27.27% of the housing stock is classified as vacant. Left unchecked, vacant Carlisle homes and apartments can be a drag on the real estate market, holding Carlisle 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.
Carlisle's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Carlisle during the period has been just 5.38%, which is lower than 70% of US communities.
Appreciation rates are so strong in Carlisle that despite a nationwide downturn in the housing market, Carlisle real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Carlisle appreciation rates continue to be some of the highest in America, at 8.32%, which is higher than appreciation rates in 73.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Carlisle. Carlisle appreciation rates in the latest quarter were at -0.96%, which equates to an annual appreciation rate of -3.79%.
Notably, Carlisle's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Carlisle's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.
$112,700
for Indiana
for nation
216
$1,306 / per month