Crestwood appreciation rates and housing market information

Crestwood housing market information

With 14,985 people, 7,274 houses or apartments, and a median cost of homes of $271,060, Crestwood real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Crestwood, accounting for 92.65% of the town's housing units. Other types of housing that are prevalent in Crestwood include large apartment complexes or high rise apartments (2.79%), mobile homes or trailers (2.01%), duplexes, homes converted to apartments, or other small apartment buildings (1.73%), and a few row houses and other attached homes (0.82%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Crestwood. Owner-occupied housing accounts for 84.85% of Crestwood's homes, and 77.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Crestwood built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Crestwood built from 1995 and later (19.10%). A lesser amount of the housing stock also hails from 1940-1969 (14.92%), and some were built from 1939 and earlier (14.92%).

Crestwood home appreciation rates

Appreciation rates for homes in Crestwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 80.27%, which ranks in the top 40% nationwide. This equates to an annual average Crestwood house appreciation rate of 8.02%.

Appreciation rates are so strong in Crestwood that despite a nationwide downturn in the housing market, Crestwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crestwood appreciation rates continue to be some of the highest in America, at 3.89%, which is higher than appreciation rates in 83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crestwood. Crestwood appreciation rates in the latest quarter were at 1.23%, which equates to an annual appreciation rate of 4.92%.

Relative to Kentucky, our data show that Crestwood's latest annual appreciation rate is higher than 69% of the other cities and towns in Kentucky.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Crestwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Crestwood - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Crestwood real estate investment or home purchase decisions.