The housing market in Munfordville, KY is currently strong and growing. The median value of a house in the city is $159,900, which is much lower than the US median value of $338,100. Despite this difference in prices, the one year appreciation rate for Munfordville's housing has been 11.54%, higher than the US average of 8.27%. This shows that people are recognizing the potential of Munfordville for a great place to live and invest in property. With a lower cost for entry into homeownership compared to other parts of the country, now may be an ideal time to consider investing in property in Munfordville!
The median home cost in Munfordville is $159,900. Home appreciation the last 10 years has been 71.5%. Home Appreciation in Munfordville is up 19.0%.
Average Age of Homes
- The median age of Munfordville real estate is 45 years old
The Rental Market in Munfordville
- Renters make up 48.5% of the Munfordville population
- 2.2% of houses and apartments in Munfordville, 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.