Ravenna, Kentucky is a small rural town with an affordable housing market. The median value of homes in Ravenna is $81,400, which is significantly lower than the US median value of $338,100. Despite this relatively low cost, Ravenna's housing market has still experienced 8.08% appreciation over the past year - just below the national average rate of 8.27%. This appreciation indicates that Ravenna's housing market remains strong and desirable for potential buyers looking to purchase homes in a rural area.
The median home cost in Ravenna (zip 40472) is $81,400. Home appreciation the last 10 years has been 69.9%. Home Appreciation in Ravenna (zip 40472) is up 15.5%.
Average Age of Homes
- The median age of Ravenna (zip 40472) real estate is 43 years old
The Rental Market in Ravenna (zip 40472)
- Renters make up 25.8% of the Ravenna (zip 40472) population
- 0.0% of houses and apartments in Ravenna (zip 40472), 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.