Paris appreciation rates and housing market information

Paris housing market information

With 9,155 people, 4,190 houses or apartments, and a median cost of homes of $125,648, house prices in Paris are solidly below the national average.

single-family detached homes are the single most common housing type in Paris, accounting for 62.96% of the city's housing units. Other types of housing that are prevalent in Paris include duplexes, homes converted to apartments, or other small apartment buildings (21.22%), large apartment complexes or high rise apartments (8.78%), row houses and other attached homes (5.16%), and a few mobile homes or trailers (1.89%).

People in Paris primarily live in small (one, two, or no bedroom) single-family detached homes. Paris has a mixture of owner-occupied and renter-occupied housing.

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. Paris's housing was primarily built during this period, from the '40s through the '60s. A full 32.39% of the city's housing hails from this era. Other housing ages represented in Paris include homes built between 1970-1994 (31.26%), and housing constructed from 1939 and earlier (28.19%). There's also some housing in Paris built between 1995 and later (8.16%).

Paris home appreciation rates

Real estate appreciation rates in Paris have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.08% during the period.

Appreciation rates are so strong in Paris that despite a nationwide downturn in the housing market, Paris real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Paris appreciation rates continue to be some of the highest in America, at 2.92%, which is higher than appreciation rates in 74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Paris. Paris appreciation rates in the latest quarter were at 0.96%, which equates to an annual appreciation rate of 3.84%.

Relative to Kentucky, our data show that Paris's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.