Lower Housing Costs and Exceptional Value in Hancock County, Indiana
Are you searching for a new beginning, a place to raise your family or a retirement spot? Look no further than Hancock County—an ideal destination offering charm, comfort, a wide range of amenities, and ample space. From historic residences to modern developments and thriving communities, potential residents are presented with various affordable options.
Your hard-earned money achieves more in Hancock County, as housing expenses stand 22% below the national average. Property values have witnessed an impressive appreciation of nearly 95% over the past decade. Even with this notable rise, home prices remain below the national median.
Expansive Residential Growth Shaping Up Across Hancock County, Indiana
As of 2023, the Town of McCordsville is making significant strides, with multiple subdivisions in progress. Moreover, the town has secured approvals for over a dozen additional residential planned unit developments, with an impressive tally of 3,715 residences in the pipeline. This diversified housing portfolio encompasses apartments, townhomes, and single-family homes—catering to various housing needs.
In the neighboring community of Fortville, exciting developments are on the horizon. Madison Lofts, a new workforce housing apartment complex boasting 50 units, is now leasing. Fortville stands poised to welcome further growth, with three additional neighborhoods receiving approval, two already underway. The combined effort is set to yield upwards of 800 new residences, enhancing the area’s residential landscape.
Meanwhile, the Town of Cumberland is equally committed to meeting housing demands head-on. Over the next three to five years, the town plans to introduce a substantial infusion of housing options, resulting in an impressive addition of over 560 new housing units.
The City of Greenfield has over 1,700 zoned but undeveloped residential lots/units, and if its growth rate from 2021 and 2022 continues, officials expect to bring on about 5,400 new lots or apartments over the next 10 years.
The entire Hancock County region is evolving rapidly, offering diverse and ample housing opportunities for current and prospective residents.