The housing market in Kentucky State is performing well compared to the national average. The median value of a home in Kentucky is $194,300, while the US house median value is $338,100. In addition, the US one-year house appreciation rate was 8.27%, and the one-year appreciation rate for houses in Kentucky was 10.20%. This shows that investing in property in Kentucky can be an attractive option due to its potential for substantial returns. The strong performance of the housing market in this region makes it an appealing place to invest or live.
The median home cost in Kentucky is $194,300. Home appreciation the last 10 years has been 72.3%. Home Appreciation in Kentucky is up 14.7%.
Average Age of Homes
- The median age of Kentucky real estate is 38 years old
The Rental Market in Kentucky
- Renters make up 28.4% of the Kentucky population
- 1.7% of houses and apartments in Kentucky, 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.