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 10,369, 3,518 total housing units (homes and apartments), and a median house value of $443,767, McCordsville real estate is some of the most expensive in Indiana, although McCordsville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in McCordsville, accounting for 91.40% of the town's housing units. Other types of housing that are prevalent in McCordsville include large apartment complexes or high rise apartments ( 8.15%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in McCordsville. Owner-occupied housing accounts for 88.88% of McCordsville's homes, and 74.80% have either three or four bedrooms, which is average sized relative to America.
McCordsville homes and real estate are some of the newest in America. 77.28% of McCordsville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the McCordsville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 11.86%), and before 1939 ( 7.98%). There's also some housing in McCordsville built between 1940-1969 ( 2.87%).
Appreciation rates for homes in McCordsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.48%, which ranks in the top 30% nationwide. This equates to an annual average McCordsville house appreciation rate of 7.57%.
Appreciation rates are so strong in McCordsville that despite a nationwide downturn in the housing market, McCordsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, McCordsville appreciation rates continue to be some of the highest in America, at 16.48%, which is higher than appreciation rates in 90.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in McCordsville. McCordsville appreciation rates in the latest quarter were at 4.72%, which equates to an annual appreciation rate of 20.26%.
Importantly, this makes McCordsville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Indiana, our data show that McCordsville's latest annual appreciation rate is higher than 80% of the other cities and towns in Indiana.
$443,767
for Indiana
for nation
3,518
$1,723 / per month