The housing market in Island, KY is relatively strong compared to the national average. The median value of a house in Island, KY is currently at $117,600, while the US median value is significantly higher at $338,100. Furthermore, over the past year, houses in Island have appreciated by 8.84%, slightly higher than the 8.27% national average. These figures indicate that housing in Island KY is doing well and could be a good investment for potential buyers.
The median home cost in Island is $117,600. Home appreciation the last 10 years has been 73.0%. Home Appreciation in Island is up 14.2%.
Average Age of Homes
- The median age of Island real estate is 36 years old
The Rental Market in Island
- Renters make up 12.9% of the Island population
- 3.4% of houses and apartments in Island, 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.