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 3,164, 1,315 total housing units (homes and apartments), and a median house value of $252,980, house prices in Corydon are solidly below the national average.
Single-family detached homes are the single most common housing type in Corydon, accounting for 62.65% of the town's housing units. Other types of housing that are prevalent in Corydon include large apartment complexes or high rise apartments ( 21.02%), duplexes, homes converted to apartments or other small apartment buildings ( 8.04%), and a few row houses and other attached homes ( 7.05%).
People in Corydon primarily live in small (one, two or no bedroom) single-family detached homes. Corydon has a mixture of owner-occupied and renter-occupied housing.
The housing in Corydon was primarily built before 1939 ( 32.82%), making the housing stock in Corydon some of the oldest overall in America, although there is a range of ages of homes in Corydon. The next most important housing age is between 1970-1999 ( 27.13%), followed by between 1940-1969 ( 22.37%). There's also some housing in Corydon built between 2000 and later ( 17.67%).
Vacant housing appears to be an issue in Corydon. Fully 22.78% of the housing stock is classified as vacant. Left unchecked, vacant Corydon homes and apartments can be a drag on the real estate market, holding Corydon 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.
Real estate appreciation rates in Corydon's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.24% during the period.
Over the last year, Corydon appreciation rates have trailed the rest of the nation. In the last twelve months, Corydon's appreciation rate has been 4.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Corydon were at 0.92%, which equates to an annual appreciation rate of 3.75%.
Relative to Indiana, our data show that Corydon's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.
$252,980
for Indiana
for nation
1,315
$1,608 / per month