Housing in Phelps, KY is a great investment for anyone looking to purchase a home. The median value of housing in Phelps is $81,300, significantly lower than the US median value of $338,100. Not only does this make buying into the market easier for those with more modest budgets, but it also means any investments will be rewarded with greater returns. Over the last year, the US has seen an appreciation rate of 8.27%, while Phelps has seen an impressive 12.90%. This could be attributed to its small population size and lack of competition in the housing market. Overall, Phelps is a great place to invest with plenty of potential upside.
The median home cost in Phelps is $81,300. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Phelps is up 16.7%.
Average Age of Homes
- The median age of Phelps real estate is 41 years old
The Rental Market in Phelps
- Renters make up 35.6% of the Phelps population
- 0.0% of houses and apartments in Phelps, 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.