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 30,337 people, 10,526 houses or apartments, and a median cost of homes of $383,484, 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 94.78% of Granger's homes, and 83.26% 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 2000 and later ( 14.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.62%). There's also some housing in Granger built before 1939 ( 1.26%).
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 89.75%, which ranks in the top 50% nationwide. This equates to an annual average Granger house appreciation rate of 6.61%.
Over the last year, Granger appreciation rates have trailed the rest of the nation. In the last twelve months, Granger's appreciation rate has been 4.02%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Granger were at 1.36%, which equates to an annual appreciation rate of 5.55%.
Relative to Indiana, our data show that Granger's latest annual appreciation rate is lower than 70% 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.
$383,484
for Indiana
for nation
10,526
$2,163 / per month