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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pendleton, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pendleton, IN Housing Market Trends

With a population of 5,186, 2,080 total housing units (homes and apartments), and a median house value of $276,714, Pendleton 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 Pendleton, accounting for 67.28% of the town's housing units. Other types of housing that are prevalent in Pendleton include large apartment complexes or high rise apartments ( 12.39%), duplexes, homes converted to apartments or other small apartment buildings ( 9.08%), and a few mobile homes or trailers ( 5.91%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pendleton. Owner-occupied housing accounts for 65.94% of Pendleton's homes, and 57.63% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pendleton 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 Pendleton built between 2000 and later ( 22.22%). A lesser amount of the housing stock also hails from before 1939 ( 20.90%). There's also some housing in Pendleton built between 1940-1969 ( 18.74%).

Pendleton Home Appreciation Rates

Appreciation rates for homes in Pendleton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.17%, which ranks in the top 40% nationwide. This equates to an annual average Pendleton house appreciation rate of 6.69%.

Over the last year, Pendleton appreciation rates have trailed the rest of the nation. In the last twelve months, Pendleton's appreciation rate has been 4.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pendleton were at -0.53%, which equates to an annual appreciation rate of -2.11%.

Relative to Indiana, our data show that Pendleton's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$276,714

Pendleton, IN Home Prices
> $1,327,000
$995,001 - $1,327,000
$663,001 - $995,000
$531,001 - $663,000
$398,001 - $531,000
$265,001 - $398,000
$133,001 - $265,000
$66,001 - $133,000
$0 - $66,000
0.2%
0.2%
0.8%
0.8%
3.1%
3.1%
7.6%
7.6%
13.3%
13.3%
28.5%
28.5%
35.4%
35.4%
8.2%
8.2%
2.8%
2.8%
0% 100.0%
% of Homes
High

for Indiana

Average

for nation

Number of Homes And Apartments:

2,080

Pendleton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,719 / per month

Homeownership Rate

Owners
Renters
65.9%
65.9%
34.1%
34.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
8.3%
8.3%
91.7%
91.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.2%
22.2%
38.1%
38.1%
18.7%
18.7%
20.9%
20.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.3%
67.3%
5.3%
5.3%
9.1%
9.1%
12.4%
12.4%
5.9%
5.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
7.5%
7.5%
31.5%
31.5%
41.8%
41.8%
15.8%
15.8%
3.4%
3.4%
0% 100.0%
% of Homes