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 9,883 people, 3,453 houses or apartments, and a median cost of homes of $251,243, house prices in Greencastle are solidly below the national average.
Single-family detached homes are the single most common housing type in Greencastle, accounting for 58.11% of the city's housing units. Other types of housing that are prevalent in Greencastle include large apartment complexes or high rise apartments ( 18.56%), duplexes, homes converted to apartments or other small apartment buildings ( 14.05%), and a few row houses and other attached homes ( 4.70%).
Greencastle is dominated by renter-occupied one, two, or no bedrooms apartments. 66.94% of Greencastle's dwellings are rentals.
There is a lot of housing in Greencastle 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 Greencastle built between 1940-1969 ( 30.69%). A lesser amount of the housing stock also hails from before 1939 ( 19.84%). There's also some housing in Greencastle built between 2000 and later ( 13.94%).
Appreciation rates for homes in Greencastle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.60%, which ranks in the top 50% nationwide. This equates to an annual average Greencastle house appreciation rate of 6.66%.
Over the last year, Greencastle appreciation rates have trailed the rest of the nation. In the last twelve months, Greencastle'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 Greencastle were at -0.17%, which equates to an annual appreciation rate of -0.68%.
Notably, Greencastle's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Greencastle's latest annual appreciation rate is lower than 70% of the other cities and towns in Indiana.
$251,243
for Indiana
for nation
3,453
$1,424 / per month