Median price for residential apartments in Valparaiso, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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310 Valparaiso, IN, USA apartments for sale
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Valparaiso
According to statistics, the population in Valparaiso, IN amounts to 32,501, which shows decline 1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $52,507, shifting growth 6% from the past year, and the average property value in Valparaiso, IN growth 3% to $175,000 throughout the year.
| Population | 32,501 |
| Median Age | 34.2 |
| Poverty Rate | 14% |
| Household Income | $52,507 |
| Number Of Employees | 15,119 |
| Median Property Value | $175,000 |
Household Income
The average household income in Valparaiso, IN grew from $49,429 to $52,507 in the past year. This data is an estimate based upon 12,632 households in Valparaiso, IN . The chart below presents how household income is distributed in Valparaiso, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Valparaiso, IN shifted from $170,500 to $175,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Valparaiso, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Valparaiso, IN properties falls in the '$200,000 to $249,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Valparaiso, IN compared to median property taxes around the country. The prevalent amount of property taxes in Valparaiso, IN equals $2500, which is less than the national average.
Housing Trends
How much does an apartment cost in Valparaiso, IN, USA
Average apartment sale in Valparaiso: $444,266 (-0.3%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $561,880 | -3.6% |
| 2-bed apartments | $296,008 | -1.3% |
| 3-bed apartments | $400,425 | +0.3% |
| 4+ bed apartments | $471,064 | +1.4% |
During Jan 2023, the average price for an apartment in/near Valparaiso, IN decreased by 0.3% to $444,266.
Knowing the current property prices is key if you plan to buy a studio in Valparaiso, IN. The average price for a studio has decreased since the last month, currently being $561,880. Asking price for 2-bed apartment also decreased by 1.3% and a place of this size will now cost you $296,008. A 3-bed apartment goes for $400,425, it increased by 0.3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 1.4% and made it up to $471,064.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Lofts for sale | $649,450 | +0% |
| Land for sale | $561,880 | -3.6% |
| Houses for sale | $426,458 | +0.9% |
| Condos for sale | $265,314 | +14.1% |
Price reports demonstrate that house price increased by 0.9% this month making it up to $426,458. Condos are really in demand in this season. The median price for a condo increased by 14.1%, it’s now available for $265,314. The price statistics of lofts have not significantly changed, it now still goes for $649,450. The average price of the land for sale in Valparaiso, IN has decreased by 3.6%, and now equals $561,880.
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