What is the median home value in Reserve Township, IN?
The median value of owner-occupied homes in Reserve Township, IN is $93,800 (±$40,924), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Reserve Township, the median home value went from $69,300 in 2015–2019 to $93,800 in 2020–2024 (+35.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median home value
- $93,800 (±$40,924)
- Owner-occupied homes
- 421 (±119)
- Most common range
- $50,000 to $99,999
Home values in Reserve Township
| Value | Reserve Township | Parke County | Indiana | United States |
|---|---|---|---|---|
| Less than $50,000 | 21.9% (±9.0 points) | 13.7% | 6.0% | 5.3% |
| $50,000 to $99,999 | 31.1% (±13.5 points) | 22.9% | 10.1% | 6.1% |
| $100,000 to $149,999 | 9.7% (±6.6 points) | 13.0% | 12.7% | 6.8% |
| $150,000 to $199,999 | 11.9% (±10.8 points) | 13.7% | 15.8% | 9.0% |
| $200,000 to $299,999 | 2.9% (±3.4 points) | 17.2% | 25.1% | 17.8% |
| $300,000 to $499,999 | 20.4% (±14.8 points) | 11.6% | 21.8% | 26.9% |
| $500,000 to $999,999 | 2.1% (±2.9 points) | 6.0% | 7.3% | 20.9% |
| $1,000,000 or more | 0.0% (±8.5 points) | 1.9% | 1.2% | 7.1% |
The most common range is $50,000 to $99,999, 31.1% of owned homes.
Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.
Reserve Township against Parke County, its state and the nation
| Reserve Township | Parke County | Indiana | United States | |
|---|---|---|---|---|
| Median home value | $93,800 (±$40,924) | $151,200 (±$14,507) | $218,200 (±$739) | $332,700 |
| Owner-occupied homes | 421 (±119) | 5,067 (±227) | 1,916,243 (±9,865) | 84,210,142 |
In Reserve Township, the median home value is lower than in Parke County ($151,200).
It is also lower than in Indiana ($218,200).
It is lower than the national figure ($332,700).
In Parke County, Reserve Township ranks 14 of 17 places with a published estimate, from highest to lowest median home value.
Statewide, it ranks 1465 of 1,574.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Reserve Township have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $69,300 (±$7,266) | $93,800 (±$40,924) | +35.4% | No measurable change after inflation |
| Median owner cost with a mortgage | $786 (±$370) | $909 (±$90) | +15.6% | No measurable change after inflation |
| Median real estate taxes | $395 (±$133) | $821 (±$154) | +107.8% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median home value in places near Reserve Township
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Reserve Township | — | $93,800 (±$40,924) | — |
| Montezuma | 2.2 mi | $80,400 (±$17,843) | Not measurably different |
| Penn Township (Parke County) | 4.2 mi | $136,600 (±$50,872) | Not measurably different |
| Wabash Township (Parke County) | 4.7 mi | $108,700 (±$30,683) | Not measurably different |
| Bloomingdale | 4.8 mi | $97,500 (±$19,781) | Not measurably different |
| Mecca | 5.7 mi | $52,300 (±$12,367) | Not measurably different |
| Newport | 6.4 mi | $84,000 (±$55,680) | Not measurably different |
| Rockville | 6.4 mi | $99,600 (±$36,968) | Not measurably different |
| Helt Township | 7.2 mi | $104,500 (±$20,976) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median home value across Parke County, place by place
| Rank | Place | Median home value |
|---|---|---|
| 8 | Adams Township (Parke County) | $147,500 (±$16,447) |
| 9 | Penn Township (Parke County) | $136,600 (±$50,872) |
| 10 | Wabash Township (Parke County) | $108,700 (±$30,683) |
| 11 | Rockville | $99,600 (±$36,968) |
| 12 | Rosedale | $99,000 (±$10,326) |
| 13 | Bloomingdale | $97,500 (±$19,781) |
| 14 | Reserve Township | $93,800 (±$40,924) |
| 15 | Marshall | $85,000 (±$13,596) |
| 16 | Montezuma | $80,400 (±$17,843) |
| 17 | Mecca | $52,300 (±$12,367) |
Showing 10 of 17 places in Parke County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Reserve Township
What is the average home value in Reserve Township, IN?
The Census Bureau publishes the median: $93,800 (±$40,924) for owner-occupied homes in Reserve Township (2020–2024 American Community Survey).
Have home values in Reserve Township gone up?
In Reserve Township, the median home value went from $69,300 in 2015–2019 to $93,800 in 2020–2024 (+35.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Is this what homes in Reserve Township sell for?
No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Reserve township, Parke County, Indiana
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Reserve township, Parke County, Indiana
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Reserve township, Parke County, Indiana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Reserve township, Parke County, Indiana
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Reserve township, Parke County, Indiana (county subdivision:63846, in state:18 county:121).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.
The API needs a free key.
DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Reserve Township at a glance
- Renters and owners in Reserve Township
- Income and affordability in Reserve Township
- Homeowner costs in Reserve Township
- Property taxes in Reserve Township
- Types of homes in Reserve Township
- Bedrooms in Reserve Township
- Age of homes in Reserve Township
- Heating fuel in Reserve Township
- Commute and cars in Reserve Township
- Population growth in Reserve Township
- How long people stay in Reserve Township
- Indiana landlord and tenant rules
- Housing across Parke County
- Indiana places ranked by median home value
- Housing data for every place in Indiana