Ft Mitchell appreciation rates and housing market information

Ft Mitchell housing market information

With a population of 39,186, 16,268 total housing units (homes and apartments), and a median house value of $214,986, Ft Mitchell real estate is some of the most expensive in Kentucky, although Ft Mitchell home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Ft Mitchell, accounting for 68.55% of the town's housing units. Other types of housing that are prevalent in Ft Mitchell include large apartment complexes or high rise apartments (15.85%), duplexes, homes converted to apartments, or other small apartment buildings (7.33%), row houses and other attached homes (7.19%), and a few mobile homes or trailers (1.09%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Ft Mitchell. Owner-occupied housing accounts for 72.90% of Ft Mitchell's homes, and 63.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ft Mitchell 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 Ft Mitchell built from 1940-1969 (29.41%). A lesser amount of the housing stock also hails from 1995 and later (10.33%), and some were built from 1939 and earlier (10.33%).

Ft Mitchell home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Ft Mitchell, where house values have increased just 39.38%, which is an average annual increase of 3.93%. NeighborhoodScout's data show that in the latest quarter, Ft Mitchell house values appreciated 1.24%, which is an annualized rate of 4.96%. This rate is lower than the appreciation rate found in 30% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Ft Mitchell home appreciation rates, at -0.18%, have been at or slightly above the national average. In the latest quarter, Ft Mitchell's appreciation rate has been 1.24%, which annualizes to a rate of 4.96%.

Relative to Kentucky, our data show that Ft Mitchell's latest annual appreciation rate is higher than 9% 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 Ft Mitchell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ft Mitchell - 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 Ft Mitchell real estate investment or home purchase decisions.