Housing in Owensboro, KY is very desirable and has proven to be a great asset for many homeowners. The median value of housing in the city is $183,200, which is significantly lower than the national median value of $338,100. Despite this difference in price, the rate of appreciation for housing in Owensboro has been consistently higher than the national average at 8.84%, compared to 8.27%, respectively. This trend indicates that housing in Owensboro continues to provide a solid return on investment for those looking to purchase property in the area.
The median home cost in Owensboro is $183,200. Home appreciation the last 10 years has been 73.0%. Home Appreciation in Owensboro is up 14.2%.
Average Age of Homes
- The median age of Owensboro real estate is 47 years old
The Rental Market in Owensboro
- Renters make up 38.1% of the Owensboro population
- 2.5% of houses and apartments in Owensboro, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.