October's First-Time Homebuyer Report for Pendleton

The population of Pendleton is growing slightly faster than the rest of Indiana, at a 10-year growth rate of 4.2%. It's a larger than average city compared to the rest of the state, with 4,253 residents. Pendleton is made up of homes that are considered older than most with a median of 43 years. The best schools in the city are Pendleton Elementary School, Pendleton Heights Middle School, and Pendleton Heights High School.

Price Range

Pendleton has some of the more expensive homes in the state with a median home value of $116,300 and a current average list price of $187,868. With home sales in the Pendleton market already below average, in this week's report they slid 14.3% to six homes sold over the last 30 days.

Make sure you take a look at these eye-catching homes in Pendleton that generated the most views from potential buyers:

$189K   $350K   $465K  

Typical Dwelling

The typical dwelling in Pendleton is a three-bedroom detached home worth about $154,480. To purchase a similar home, a buyer with good credit and a $30,896 cash down payment could obtain a mortgage with a 3.95% interest rate and a $796 monthly payment. The property tax rate is $8.68 per $1,000 of taxable assessed value.

Get started right now by checking out Pendleton homes for sale or reviewing Pendleton real estate trends.


Data reported through 10/13/2016

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