Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 24,621 people, 9,058 houses or apartments, and a median cost of homes of $137,163, house prices in Junction City are solidly below the national average.
Single-family detached homes are the single most common housing type in Junction City, accounting for 55.64% of the city's housing units. Other types of housing that are prevalent in Junction City include large apartment complexes or high rise apartments ( 21.73%), duplexes, homes converted to apartments or other small apartment buildings ( 9.84%), and a few row houses and other attached homes ( 7.89%).
The most prevalent building size and type in Junction City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.60% owning and 54.40% renting.
Junction City homes and real estate are some of the newest in America. 31.72% of Junction City's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Junction City real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 30.01%), and between 1970-1999 ( 26.77%). There's also some housing in Junction City built before 1939 ( 11.50%).
Vacant housing appears to be an issue in Junction City. Fully 15.59% of the housing stock is classified as vacant. Left unchecked, vacant Junction City homes and apartments can be a drag on the real estate market, holding Junction City real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Junction City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.35%, which ranks in the top 50% nationwide. This equates to an annual average Junction City house appreciation rate of 0.23%.
NeighborhoodScout's data show that during the latest twelve months, Junction City's appreciation rate, at 3.34%, has been at or slightly above the national average. In the latest quarter, Junction City's appreciation rate has been 1.04%, which annualizes to a rate of 4.23%.
Relative to Kansas, our data show that Junction City's latest annual appreciation rate is lower than 60% of the other cities and towns in Kansas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Junction City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Junction City - 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 2000, to assist you in making the best Junction City real estate investment or home purchase decisions.
|$792,001 - $1,056,000||0.2|
|$528,001 - $792,000||0.6|
|$422,001 - $528,000||0.7|
|$317,001 - $422,000||1.2|
|$211,001 - $317,000||13.6|
|$106,001 - $211,000||43.0|
|$53,001 - $106,000||25.9|
|$0 - $53,000||13.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Junction City HOMES|
|2000 or Newer||31.7|
|1970 - 1999||26.8|
|1940 - 1969||30.0|
|1939 or Older||11.5|
|TYPE OF Junction City HOMES|
|Small Apt. Buildings||9.8|
|SIZE OF Junction City HOMES|
|5 or more bedrooms||2.72|