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 14,492 people, 6,492 houses or apartments, and a median cost of homes of $196,914, house prices in Beech Grove are solidly below the national average.
Single-family detached homes are the single most common housing type in Beech Grove, accounting for 60.39% of the city's housing units. Other types of housing that are prevalent in Beech Grove include large apartment complexes or high rise apartments ( 21.87%), row houses and other attached homes ( 11.27%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.48%).
People in Beech Grove primarily live in small (one, two or no bedroom) single-family detached homes. Beech Grove has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Beech Grove's housing was primarily built during this period, from the '40s through the '60s. A full 48.53% of the city's housing hails from this era. Other housing ages represented in Beech Grove include homes built between 1970-1999 ( 37.93%) and housing constructed before 1939 ( 9.13%). There's also some housing in Beech Grove built between 2000 and later ( 4.42%).
Appreciation rates for homes in Beech Grove have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.01%, which ranks in the top 30% nationwide. This equates to an annual average Beech Grove house appreciation rate of 7.50%.
Over the last year, Beech Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Beech Grove'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 Beech Grove were at -0.53%, which equates to an annual appreciation rate of -2.11%.
Relative to Indiana, our data show that Beech Grove's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.
$196,914
for Indiana
for nation
6,492
$1,639 / per month