Appreciation Velocity — Indiana Cities
Cities of Indiana ranked by 1Y / 3Y / 5Y home-price appreciation.
Public Record
Top 10 — 3Y appreciation (Citys)
#1 · Bicknell, IN
+4,450.0%
#2 · Hanover, IN
+1,269.6%
#3 · Santa Claus, IN
+527.2%
#4 · Hardinsburg, IN
+344.4%
#5 · Cicero, IN
+273.8%
#6 · Warsaw, IN
+272.3%
#7 · Hamilton, IN
+260.1%
#8 · Owensville, IN
+248.8%
#9 · Windfall, IN
+219.8%
#10 · Syracuse, IN
+217.5%
City ranking — 3Y appreciation (highest first)
| # | City | State | 1Y | 3Y | 5Y | 10Y | Current median |
|---|---|---|---|---|---|---|---|
| 1 | Bicknell, IN | IN | +924.6% | +4,450.0% | +4,104.0% | +2,091.9% | $2.33M |
| 2 | Hanover, IN | IN | +82.5% | +1,269.6% | +125.4% | +11.3% | $315K |
| 3 | Santa Claus, IN | IN | +31.3% | +527.2% | +39.0% | +32.1% | $284.4K |
| 4 | Hardinsburg, IN | IN | +900.0% | +344.4% | +104.3% | — | $400K |
| 5 | Cicero, IN | IN | -40.4% | +273.8% | +48.9% | +7.3% | $366.1K |
| 6 | Warsaw, IN | IN | +206.9% | +272.3% | +424.7% | +460.5% | $968.4K |
| 7 | Hamilton, IN | IN | +47.5% | +260.1% | +425.2% | +589.8% | $900.3K |
| 8 | Owensville, IN | IN | +24.0% | +248.8% | — | +210.4% | $388K |
| 9 | Windfall, IN | IN | -0.1% | +219.8% | +88.1% | — | $159.9K |
| 10 | Syracuse, IN | IN | -53.0% | +217.5% | +112.8% | +158.8% | $780K |
| 11 | Winchester, IN | IN | -15.3% | +203.9% | +84.5% | +74.8% | $145.6K |
| 12 | Albion, IN | IN | +5.9% | +192.6% | +90.1% | +104.2% | $340.5K |
| 13 | Reelsville, IN | IN | +190.6% | +188.4% | +429.2% | +314.5% | $770K |
| 14 | Edinburgh, IN | IN | -39.7% | +162.1% | +47.8% | +163.0% | $219.5K |
| 15 | East Chicago, IN | IN | +12.1% | +159.0% | +92.5% | +1,014.3% | $234K |
| 16 | Greentown, IN | IN | +88.3% | +154.5% | +139.5% | +376.5% | $324.5K |
| 17 | Union City, IN | IN | +39.2% | +142.9% | +119.0% | +376.2% | $200K |
| 18 | Silver Lake, IN | IN | +73.0% | +135.6% | +74.9% | — | $199K |
| 19 | Rensselaer, IN | IN | +106.0% | +128.0% | +212.0% | +102.8% | $357.1K |
| 20 | Oakland City, IN | IN | +48.9% | +121.4% | +305.0% | +111.9% | $259K |
| 21 | Osceola, IN | IN | +55.0% | +117.3% | +172.0% | +318.7% | $650K |
| 22 | Scottsburg, IN | IN | +34.1% | +114.8% | +94.7% | +171.4% | $282K |
| 23 | Spencerville, IN | IN | +27.8% | +108.4% | +67.9% | +54.7% | $495K |
| 24 | Rockville, IN | IN | +43.2% | +105.1% | +99.7% | +161.3% | $260.7K |
| 25 | Covington, IN | IN | +267.4% | +100.9% | +271.9% | +749.2% | $731.3K |
| 26 | Clinton, IN | IN | -27.8% | +98.1% | +32.7% | +40.7% | $121.3K |
| 27 | Milford, IN | IN | — | +97.1% | +43.1% | — | $335K |
| 28 | Henryville, IN | IN | -25.1% | +93.2% | -21.4% | +9.8% | $237K |
| 29 | Bluffton, IN | IN | +224.6% | +90.6% | +324.9% | +942.7% | $603K |
| 30 | Kokomo, IN | IN | +23.9% | +84.5% | +34.8% | +104.0% | $216.9K |
| 31 | Wadesville, IN | IN | +133.8% | +82.9% | — | — | $327.4K |
| 32 | Lake Station, IN | IN | -25.6% | +80.8% | +39.9% | +133.3% | $135.8K |
| 33 | Wheatfield, IN | IN | -17.5% | +80.1% | +194.2% | +87.0% | $261.5K |
| 34 | Kewanna, IN | IN | +42.9% | +78.7% | +147.4% | — | $250K |
| 35 | Auburn, IN | IN | -1.7% | +78.0% | +31.7% | +148.1% | $339.2K |
| 36 | Culver, IN | IN | +76.7% | +77.8% | +128.1% | +217.7% | $440K |
| 37 | Williamsport, IN | IN | -29.2% | +77.4% | +135.1% | +64.1% | $230K |
| 38 | Crawfordsville, IN | IN | -32.3% | +77.2% | +53.5% | +33.7% | $251.9K |
| 39 | Portage, IN | IN | +31.3% | +76.3% | +40.8% | +157.6% | $362.4K |
| 40 | Charlestown, IN | IN | +24.4% | +75.5% | +28.1% | +136.6% | $385.9K |
| 41 | Columbia City, IN | IN | +11.6% | +74.8% | +31.3% | +153.8% | $322.5K |
| 42 | Carmel, IN | IN | +16.8% | +74.4% | +101.5% | +173.1% | $815.1K |
| 43 | Goshen, IN | IN | -9.6% | +73.0% | +60.5% | +114.2% | $304.9K |
| 44 | Batesville, IN | IN | -28.2% | +72.7% | -2.4% | +58.0% | $231.5K |
| 45 | Logansport, IN | IN | -23.9% | +67.6% | +118.7% | +96.1% | $203.5K |
| 46 | Memphis, IN | IN | -30.7% | +67.0% | -16.5% | +13.0% | $240K |
| 47 | Bedford, IN | IN | +0.1% | +66.3% | +49.8% | +127.5% | $248.1K |
| 48 | Aurora, IN | IN | +34.0% | +64.3% | +49.6% | +34.3% | $290K |
| 49 | Granger, IN | IN | -32.6% | +64.2% | +52.9% | +100.4% | $456.4K |
| 50 | Topeka, IN | IN | -22.2% | +62.3% | +106.3% | — | $260K |
| 51 | Greenwood, IN | IN | -12.2% | +61.5% | +26.1% | +124.0% | $381.3K |
| 52 | Garrett, IN | IN | +14.9% | +59.4% | +43.3% | +151.6% | $253.8K |
| 53 | Jasonville, IN | IN | -16.4% | +57.5% | +75.8% | -22.2% | $115K |
| 54 | Rising Sun, IN | IN | +21.4% | +57.4% | +84.8% | +85.0% | $339.9K |
| 55 | Elkhart, IN | IN | +21.2% | +56.9% | +58.9% | +78.4% | $279.2K |
| 56 | Boonville, IN | IN | +69.9% | +56.7% | +45.8% | +377.8% | $352.5K |
| 57 | Columbus, IN | IN | +3.3% | +51.8% | +74.6% | +55.1% | $388.3K |
| 58 | Leesburg, IN | IN | — | +51.2% | -58.1% | +429.9% | $712.8K |
| 59 | Mishawaka, IN | IN | +45.4% | +49.8% | +43.6% | +196.2% | $295.2K |
| 60 | Franklin, IN | IN | +8.1% | +49.1% | +127.3% | +213.6% | $407.8K |
| 61 | Merrillville, IN | IN | -4.9% | +48.1% | +86.5% | +162.2% | $295.5K |
| 62 | Vevay, IN | IN | -8.3% | +46.1% | +3.8% | +22.7% | $221.9K |
| 63 | Rochester, IN | IN | +9.2% | +45.1% | -19.9% | +16.4% | $197.6K |
| 64 | Highland, IN | IN | -7.7% | +44.9% | +74.0% | +40.3% | $252.7K |
| 65 | Cedar Lake, IN | IN | -2.2% | +43.5% | +56.6% | +139.1% | $375.5K |
| 66 | Winamac, IN | IN | +8.2% | +43.0% | +26.6% | +60.1% | $176.6K |
| 67 | Portland, IN | IN | -27.4% | +43.0% | +263.2% | -24.8% | $138K |
| 68 | Terre Haute, IN | IN | +18.7% | +42.7% | +94.0% | +57.7% | $275.2K |
| 69 | Chesterton, IN | IN | +31.6% | +41.9% | +84.3% | +21.5% | $441.6K |
| 70 | Decatur, IN | IN | -28.2% | +41.3% | +67.0% | +37.8% | $240K |
| 71 | Winona Lake, IN | IN | -0.6% | +40.7% | -6.8% | +102.2% | $310K |
| 72 | Schererville, IN | IN | +82.3% | +40.5% | +86.4% | +165.7% | $513.8K |
| 73 | Wolcottville, IN | IN | +6.3% | +39.9% | +32.0% | +95.0% | $295.6K |
| 74 | Westville, IN | IN | +89.2% | +39.0% | +1,193.6% | +124.9% | $380K |
| 75 | Gosport, IN | IN | -26.1% | +37.5% | -18.4% | -44.4% | $126.5K |
| 76 | McCordsville, IN | IN | -6.1% | +37.3% | +43.8% | +66.2% | $403.8K |
| 77 | South Bend, IN | IN | -9.4% | +35.3% | +51.9% | +104.8% | $232.8K |
| 78 | Whiteland, IN | IN | -8.7% | +32.9% | +26.7% | +124.8% | $282.4K |
| 79 | Plainfield, IN | IN | +41.9% | +32.5% | +76.4% | +136.8% | $473.1K |
| 80 | Peru, IN | IN | -27.1% | +32.3% | +2.6% | +30.3% | $142.6K |
| 81 | Avilla, IN | IN | +8.7% | +31.0% | +17.9% | +99.3% | $228.3K |
| 82 | Woodburn, IN | IN | +34.2% | +30.3% | +82.7% | +311.7% | $344.9K |
| 83 | Evansville, IN | IN | -16.2% | +28.3% | +73.8% | +55.4% | $253.5K |
| 84 | Cumberland, IN | IN | +38.8% | +27.9% | +31.9% | — | $470K |
| 85 | Spencer, IN | IN | +33.5% | +27.8% | +55.0% | +139.0% | $325K |
| 86 | Westpoint, IN | IN | — | +27.3% | -61.8% | — | $210K |
| 87 | Nappanee, IN | IN | -28.2% | +26.4% | +10.3% | +45.4% | $190K |
| 88 | Munster, IN | IN | +1.9% | +26.2% | +93.9% | +99.3% | $374K |
| 89 | Centerville, IN | IN | +74.4% | +25.5% | +181.0% | +82.0% | $331.4K |
| 90 | Bloomington, IN | IN | +3.8% | +23.6% | +18.5% | +75.6% | $369.2K |
| 91 | Huntingburg, IN | IN | +99.3% | +23.2% | +17.3% | +0.8% | $183K |
| 92 | Albany, IN | IN | -19.4% | +22.8% | +28.5% | +39.6% | $189K |
| 93 | Attica, IN | IN | -49.0% | +22.3% | +58.2% | +31.4% | $145K |
| 94 | Fort Wayne, IN | IN | +8.8% | +22.3% | +54.9% | +54.3% | $311.8K |
| 95 | Dunkirk, IN | IN | +22.5% | +21.2% | +155.8% | +142.2% | $200K |
| 96 | Ellettsville, IN | IN | -30.8% | +21.2% | +26.3% | +31.3% | $270K |
| 97 | Tipton, IN | IN | -30.7% | +21.1% | +191.0% | +10.9% | $154.7K |
| 98 | La Porte, IN | IN | -33.3% | +20.8% | +105.2% | +38.8% | $256.9K |
| 99 | Cannelton, IN | IN | +32.5% | +20.7% | +72.0% | +538.5% | $175.6K |
| 100 | Hudson, IN | IN | -9.5% | +20.2% | +113.8% | +232.3% | $218.8K |
How to read these numbers
Velocity vs. level
A market with 25% one-year appreciation is moving fast — but a market with steady 6% over ten years has compounded much further. Use 10Y as the long-run signal, 1Y as the momentum signal.
Mean-reversion risk
Markets that posted huge 1Y and 3Y gains often cool over the next cycle. Compare 1Y to 5Y: if 1Y is far above 5Y, the trend is accelerating; if far below, it is decelerating — often the more important signal.
Sample sanity
We require a minimum current median price (default $50K) to filter out tiny ZIPs with noisy data. Raise that threshold for serious investment markets; lower it to find emerging niches. Source: public record.