Nicholasville appreciation rates and housing market information
Nicholasville housing market information
With a population of 28,294, 10,492 total housing units (homes and apartments), and a median house value of $132,371, Nicholasville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Nicholasville, accounting for 72.78% of the city's housing units. Other types of housing that are prevalent in Nicholasville include duplexes, homes converted to apartments or other small apartment buildings (11.09%), row houses and other attached homes (8.49%), and a few large apartment complexes or high rise apartments (6.93%).
The most prevalent building size and type in Nicholasville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.53% owning and 41.47% renting.
There is a lot of housing in Nicholasville built from 1970 to 1999 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 Nicholasville built between 2000 and later (31.57%). A lesser amount of the housing stock also hails from between 1940-1969 (14.83%). There's also some housing in Nicholasville built before 1939 (4.48%).
Nicholasville home appreciation rates
Real estate appreciation rates in Nicholasville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.98% during the period.
Over the last year, Nicholasville appreciation rates have trailed the rest of the nation. In the last twelve months, Nicholasville's appreciation rate has been -0.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Nicholasville were at -0.21%, which equates to an annual appreciation rate of -0.85%.
Relative to Kentucky, our data show that Nicholasville's latest annual appreciation rate is higher than 60% 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 Nicholasville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Nicholasville - 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 Nicholasville real estate investment or home purchase decisions.