London, KY is a great place to invest in real estate. The median value of homes in the area currently stands at $153,300, which is significantly lower than the US median housing value of $338,100. This means that there is plenty of potential for investors to get a good deal when buying property here. In addition, house appreciation in London has been much higher than the national average over the last year; estimates show an appreciation rate of 12.90%, compared to 8.27% nationally. Therefore, London offers an attractive opportunity for those looking to invest in real estate and reap potential benefits from increased home values over time.
The median home cost in London is $153,300. Home appreciation the last 10 years has been 64.4%. Home Appreciation in London is up 16.7%.
Average Age of Homes
- The median age of London real estate is 36 years old
The Rental Market in London
- Renters make up 57.7% of the London population
- 4.1% of houses and apartments in London, 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.