Raceland, KY is a great place to invest in housing. The median value of homes in the area is $109,300, which is significantly lower than the US median value of $338,100. This makes Raceland an attractive option for those looking for an affordable home. Additionally, the US 1 year house appreciation rate is 8.27%, while the appreciation rate in Raceland specifically is 10.05%. This means that not only can you purchase a home at a lower cost but also expect to see its value increase over time even faster than the national average rate. Investing in Raceland's housing market can prove to be a wise financial decision.
The median home cost in Raceland is $109,300. Home appreciation the last 10 years has been 38.9%. Home Appreciation in Raceland is up 11.0%.
Average Age of Homes
- The median age of Raceland real estate is 40 years old
The Rental Market in Raceland
- Renters make up 28.7% of the Raceland population
- 2.6% of houses and apartments in Raceland, 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.