Michigan City, IN - House Price Index (HPI)
Michigan City Real Estate Market - Home Price Forecast
100
1000
The House Price Index (HPI) shows changes in Michigan City-La Porte, IN single family home prices
in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis,
statistics and appreciation rates are provided below.
10
Michigan City Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  1185.56
1st Quarter, 2018 Housing Statistics: Michigan City, Indiana


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      90%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Michigan City housing market for the
12 months ending with the 1st Quarter of 2019 is UP. The Accuracy of the
Trend Projection for Michigan City is 90%. In other words, when tested against
historical data, the forecasting methodology was correct 90% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Michigan City is 90% during this period. If this Housing Market
Forecast is correct, home prices will be higher in the 1st Quarter of 2019 than
they were in the 1st Quarter of 2018. Check this page each quarter for updates
to the Michigan City Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      87%

The forecast for the trend in the Michigan City housing market for the 3 years
ending with the 1st Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Michigan City is 87%. In other words, when tested against
historical data, the forecasting methodology was correct 87% of the time.
Accordingly, LittleBigHomes.com estimates that the probability for rising house
prices in Michigan City is 87% during this period. If this Housing Market
Forecast is correct, home values will be higher in the 1st Quarter of 2021 than
they were in the 1st Quarter of 2018. Check this page each quarter for updates
to the Michigan City Real Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Michigan City, Indiana


Historical Home Price Appreciation
Last Quarter                         0.83%
Last Year                              7.9%
Last 5 Years                         19%
Last 10 Years                       5%
Last 20 Years                       49%



Annual Home Price Appreciation Rates
1988      2.17%
1989      10.74%
1990      7.88%
1991      5.36%
1992      7.19%
1993      4.51%
1994      5.66%
1995      8.10%
1996      2.57%
1997      6.06%
1998      4.81%
1999      0.94%
2000      4.36%
2001      5.91%
2002      1.88%
2003      5.52%
2004      5.81%
2005      3.90%
2006      2.00%
2007      -0.20%
2008      -1.14%
2009      -1.24%
2010      -1.51%
2011      -4.17%
2012      -1.25%
2013      2.08%
2014      2.17%
2015      1.53%
2016      6.09%
2017      4.08%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              0.83%         Rank: 225 of 381 (41st Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.9%           Rank: 98 of 381 (74th Percentile)
Last 5 Years                              19%            Rank: 209 of 381 (45th Percentile)
Last 10 Years  . . . . . . . . . . . .   5%              Rank: 219 of 381 (42nd Percentile)
Last 20 Years                            49%            Rank: 317 of 379 (16th Percentile)


The change in home prices for Michigan City-La Porte, IN are shown above for
five time periods. For example: Michigan City appreciated 0.83% in the Last
Quarter. At that rate, the Michigan City Real Estate Market was ranked 225th
out of 381 metropolitan Real Estate Markets. Michigan City was in the 41st
percentile. So Michigan City, IN performed better in the Last Quarter than 41%
of the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 Housing Statistics: Michigan City, Indiana

The data and analysis on this page pertains to Michigan City-La Porte, IN,
hereinafter referred to as "Michigan City". The all time high in the Michigan City
Home Price Index was 175.6 in the 1st Quarter, of 2018.  The Home Price Index
indicates that the Michigan City Market is up 5% over the last 10 years. Home
prices in the Michigan City Real Estate Market have gained 7.94% over the last
12 months. Over the last thirty years, it is up 176%.

The 1st Quarter index value was 1.45 points higher than the 4th Quarter, 2017
index value of 174.13, resulting in a 0.83% rise in the 1st Quarter for the
Michigan City Market.

The Michigan City Home Price Index increased in the last quarter after falling in
the previous quarter. The current record holders for consecutive increases in
the Home Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with
increases in the last 27 consecutive quarters. The current record holders for
consecutive declines in the Home Price Index are Tallahassee, FL; Syracuse,
NY; Sioux City, IA; Shreveport, LA and Peoria, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Michigan City Real
Estate Market was 19% in the twelve months ended with the 1st Quarter of
1990. The worst annual change in home values  in the Michigan City Market
was -6% in the twelve months ended with the 2nd Quarter of 2011.

The highest growth in home values in the Michigan City Real Estate Market
over a three year period was 33% in the three years ended with the 1st Quarter
of 1992. The worst performance over a three year period in the Michigan City
Market was -11% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Michigan City Home Price Index
(above). For information about Indiana home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Michigan City Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Michigan City Market. The terms House Price Index and Home Price Index,
as used in this site, refer to the Federal Housing Finance Agency (FHFA)
House Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Michigan City Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
1st Quarter, 2018 Housing Data: Michigan City, Indiana

The trend of Michigan City Home Prices relative to 380 other metropolitan areas
is detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Michigan City-La Porte, IN, hereinafter referred to as "Michigan City".

Last Quarter:
During the 1st Quarter of 2018, Michigan City Home Prices had a rank of 225,
with appreciation of 0.83%. The top performing real estate market during the
1st Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during
that period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Michigan City Home Prices had a rank of 98, with
appreciation during the year of 7.94%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Michigan City Home
Prices ranked 209, with a total appreciation of 18.6%. The top performing real
estate market during the 5 year period was Reno, NV, with a growth in value of
90%. The worst market during that period was Farmington, NM, with
appreciation of -4%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 1st Quarter of 2018, Michigan City Home
Prices had a rank of 219, with appreciation during the decade of 5%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Michigan City Home
Prices had a rank of 317, with total growth over the 20 year period of 49%. The
top performing real estate market during the period was San Francisco, CA,
with an increase of 282%. The worst market during the last 20 years was
Rockford, IL, with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

Historical research data on the Home Price Index for the Michigan City Real
Estate Market is available back to the 2nd Quarter, of 1986. All calculations are
based on the quarterly value of the House Price Index for Michigan City. Real
estate appreciation figures represent total net increase or decrease over each
time period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Monday, July 23, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


_____________________________________________________________
Report a Problem with this Page    Contact Us     Privacy Policy    Terms of Use/Disclosure
LittleBigHomes.com
1975
1980
1985
1990
1995
2000
2005
2010
2035
2015
2020
2025
2030