The housing market in the Paducah, KY Metro Area is an attractive option for potential home buyers. The median value of houses in Paducah is considerably lower than the national average at $142,000 compared to the US median value of $338,100. Despite this lower price point, buying a house in Paducah can still be a sound investment as data shows that the area’s appreciation rate is currently 12.65%, higher than the national one-year appreciation rate of 8.27%. This provides a good opportunity for new homeowners to purchase a home and benefit from its increasing value over time.
The median home cost in Paducah Metro Area is $142,000. Home appreciation the last 10 years has been 52.7%. Home Appreciation in Paducah Metro Area is up 15.5%.
Average Age of Homes
- The median age of Paducah Metro Area real estate is 41 years old
The Rental Market in Paducah Metro Area
- Renters make up 25.1% of the Paducah Metro Area population
- 1.2% of houses and apartments in Paducah 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.