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 1,777, 807 total housing units (homes and apartments), and a median house value of $198,876, house prices in Vevay are solidly below the national average.
Single-family detached homes are the single most common housing type in Vevay, accounting for 60.76% of the town's housing units. Other types of housing that are prevalent in Vevay include duplexes, homes converted to apartments or other small apartment buildings ( 18.88%), large apartment complexes or high rise apartments ( 17.62%), and a few mobile homes or trailers ( 1.37%).
People in Vevay primarily live in small (one, two or no bedroom) single-family detached homes. Vevay has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Vevay 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 Vevay built before 1939 ( 27.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.57%). There's also some housing in Vevay built between 2000 and later ( 13.39%).
Real estate appreciation rates in Vevay's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.81% during the period.
Appreciation rates are so strong in Vevay that despite a nationwide downturn in the housing market, Vevay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vevay appreciation rates continue to be some of the highest in America, at 13.53%, which is higher than appreciation rates in 81.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vevay. Vevay appreciation rates in the latest quarter were at 4.64%, which equates to an annual appreciation rate of 19.90%.
Importantly, this makes Vevay 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 Vevay's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.
$198,876
for Indiana
for nation
807
$969 / per month