Hopkinsville appreciation rates and housing market information

Hopkinsville housing market information

With 30,222 people, 13,283 houses or apartments, and a median cost of homes of $123,288, house prices in Hopkinsville are solidly below the national average.

single-family detached homes are the single most common housing type in Hopkinsville, accounting for 71.82% of the city's housing units. Other types of housing that are prevalent in Hopkinsville include large apartment complexes or high rise apartments (11.47%), duplexes, homes converted to apartments, or other small apartment buildings (10.88%), mobile homes or trailers (4.01%), and a few row houses and other attached homes (1.83%).

The most prevalent building size and type in Hopkinsville are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 53.11% owning, and 38.85% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Hopkinsville's housing was primarily built during this period, from the '40s through the '60s. A full 44.37% of the city's housing hails from this era. Other housing ages represented in Hopkinsville include homes built between 1970-1994 (38.97%), and housing constructed from 1995 and later (8.77%). There's also some housing in Hopkinsville built between 1939 and earlier (7.89%).

Hopkinsville home appreciation rates

Real estate appreciation rates in Hopkinsville have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.76% during the period.

Appreciation rates are so strong in Hopkinsville that despite a nationwide downturn in the housing market, Hopkinsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hopkinsville appreciation rates continue to be some of the highest in America, at 3.93%, 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 Hopkinsville. Hopkinsville appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.64%.

Relative to Kentucky, our data show that Hopkinsville'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 city. Individual neighborhoods within Hopkinsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hopkinsville - 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 Hopkinsville real estate investment or home purchase decisions.