Gravel Switch, KY is an area known for its affordable housing options, boasting a median home value of $164,400. This is significantly lower than the median house value in the United States of $338,100 and offers buyers great savings potential. In addition to this difference in price, houses in Gravel Switch appreciate at a much higher rate - currently 16.19% compared to the US's 8.27%. This means that buyers can expect to see returns on their investment in relatively short periods of time, making it a good choice for those looking for an affordable yet profitable housing option in Kentucky.
The median home cost in Gravel Switch (zip 40328) is $164,400. Home appreciation the last 10 years has been 72.6%. Home Appreciation in Gravel Switch (zip 40328) is up 19.3%.
Average Age of Homes
- The median age of Gravel Switch (zip 40328) real estate is 35 years old
The Rental Market in Gravel Switch (zip 40328)
- Renters make up 12.1% of the Gravel Switch (zip 40328) population
- 0.0% of houses and apartments in Gravel Switch (zip 40328), 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.