Cannon, KY is an area with a relatively lower housing median value than the national average. The median value in Cannon, KY is $127,900, which is considerably lower than the US median of $338,100. Despite this lower median value, Cannon has seen a much higher appreciation rate over the past year compared to the nation as a whole. In Cannon, KY the 1 year house appreciation was 12.90%, almost 5% higher than the national average of 8.27%. Therefore, while Cannon may not have the same high real estate values as other areas in the US, it is still a great area for potential home investors due to its high appreciation rate.
The median home cost in Cannon (zip 40923) is $127,900. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Cannon (zip 40923) is up 16.7%.
Average Age of Homes
- The median age of Cannon (zip 40923) real estate is 43 years old
The Rental Market in Cannon (zip 40923)
- Renters make up 26.9% of the Cannon (zip 40923) population
- 0.0% of houses and apartments in Cannon (zip 40923), 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.