The housing market in Lynch, KY is quite different from the US as a whole. The median value of a house in Lynch is only $57,000 compared to the national median of $338,100. However, while the US has seen an appreciation rate of 8.27% for houses over the past year, Lynch has seen an even higher appreciation rate of 12.90%. This indicates that housing in Lynch is becoming more popular and valuable at a much faster rate than other parts of the nation.
The median home cost in Lynch is $57,000. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Lynch is up 16.7%.
Average Age of Homes
- The median age of Lynch real estate is 78 years old
The Rental Market in Lynch
- Renters make up 18.2% of the Lynch population
- 2.7% of houses and apartments in Lynch, 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.