Median price for residential apartments in Westfield, 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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618 Westfield, IN, USA apartments for sale
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Westfield
According to statistics, the population in Westfield, IN amounts to 35,956, which shows growth 5% compared to the previous year. The median age of the city’s residents is 35. The average household income is $89,144, shifting decline -1% from the past year, and the average property value in Westfield, IN growth 3% to $232,300 throughout the year.
| Population | 35,956 |
| Median Age | 34.5 |
| Poverty Rate | 7% |
| Household Income | $89,144 |
| Number Of Employees | 18,922 |
| Median Property Value | $232,300 |
Household Income
The average household income in Westfield, IN declined from $90,048 to $89,144 in the past year. This data is an estimate based upon 12,520 households in Westfield, IN . The chart below presents how household income is distributed in Westfield, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Westfield, IN shifted from $226,000 to $232,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Westfield, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Westfield, IN properties falls in the '$250,000 to $299,999' 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 Westfield, IN compared to median property taxes around the country. The prevalent amount of property taxes in Westfield, IN equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Westfield, IN, USA
Average apartment sale in Westfield: $522,827 (+1.4%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $680,350 | +47.1% |
| 2-bed apartments | $398,687 | -1.3% |
| 3-bed apartments | $417,665 | +1.3% |
| 4+ bed apartments | $594,494 | -0.6% |
During Jan 2023, the average price for an apartment in/near Westfield, IN increased by 1.4% to $522,827.
Knowing the current property prices is key if you plan to buy a studio in Westfield, IN. The average price for a studio has increased since the last month, currently being $680,350. Asking price for 2-bed apartment also decreased by 1.3% and a place of this size will now cost you $398,687. A 3-bed apartment goes for $417,665, it increased by 1.3% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 0.6% and made it down to $594,494.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Land for sale | $919,433 | +64.5% |
| Houses for sale | $513,527 | +0.5% |
| Condos for sale | $342,513 | +0.5% |
| Lofts for sale | $558,883 | +0.4% |
Price reports demonstrate that house price increased by 0.5% this month making it up to $513,527. Condos are really in demand in this season. The median price for a condo increased by 0.5%, it’s now available for $342,513. The price dynamics of lofts changed, it increased by 0.4%, the price tag now starts at $558,883. The average price of the land for sale in Westfield, IN has increased by 64.5%, and now equals $919,433.
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