Housing in 40940 Frakes, KY is a great investment opportunity. The median value of homes in the area is $68,400, significantly below the national median value of $338,100. On top of that, the 1 year house appreciation rate in 40940 Frakes is 12.90%, much higher than the national rate of 8.27%. This shows that housing values are increasing rapidly in the area, making it an ideal option for those looking to invest in real estate.
The median home cost in Frakes (zip 40940) is $68,400. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Frakes (zip 40940) is up 16.7%.
Average Age of Homes
- The median age of Frakes (zip 40940) real estate is 34 years old
The Rental Market in Frakes (zip 40940)
- Renters make up 6.9% of the Frakes (zip 40940) population
- 0.0% of houses and apartments in Frakes (zip 40940), 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.