The housing market in Madisonville, KY Metro Area is thriving and has seen steady growth over the past year. The median value of a house is $124,000, which is significantly lower than the US median of $338,100. Over the last year, the appreciation rate of houses in Madisonville has been 8.08%, just below the national average of 8.27%. This indicates that there is strong demand for housing in this area and property values are continuing to increase steadily. With its low cost compared to other cities and a promising appreciation rate, Madisonville may be an attractive option for those looking to purchase a home.
The median home cost in Madisonville Metro Area is $124,000. Home appreciation the last 10 years has been 52.9%. Home Appreciation in Madisonville Metro Area is up 10.6%.
Average Age of Homes
- The median age of Madisonville Metro Area real estate is 43 years old
The Rental Market in Madisonville Metro Area
- Renters make up 24.4% of the Madisonville Metro Area population
- 2.3% of houses and apartments in Madisonville Metro Area, 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.