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 1,869 people, 767 houses or apartments, and a median cost of homes of $232,665, house prices in Churubusco are solidly below the national average.
Single-family detached homes are the single most common housing type in Churubusco, accounting for 78.36% of the town's housing units. Other types of housing that are prevalent in Churubusco include large apartment complexes or high rise apartments ( 10.76%), duplexes, homes converted to apartments or other small apartment buildings ( 9.17%), and a few mobile homes or trailers ( 1.71%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Churubusco. Owner-occupied housing accounts for 69.62% of Churubusco's homes, and 61.61% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Churubusco 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 Churubusco built before 1939 ( 24.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.64%). There's also some housing in Churubusco built between 1940-1969 ( 18.95%).
Appreciation rates for homes in Churubusco have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.27%, which ranks in the top 40% nationwide. This equates to an annual average Churubusco house appreciation rate of 7.03%.
Appreciation rates are so strong in Churubusco that despite a nationwide downturn in the housing market, Churubusco real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Churubusco appreciation rates continue to be some of the highest in America, at 9.28%, which is higher than appreciation rates in 92.70% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Churubusco. Churubusco appreciation rates in the latest quarter were at -2.78%, which equates to an annual appreciation rate of -10.65%.
Notably, Churubusco's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Churubusco's latest annual appreciation rate is higher than 90% of the other cities and towns in Indiana.
$232,665
for Indiana
for nation
767
$1,226 / per month