Beaver Dam, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beaver Dam, KY Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Beaver Dam Housing Market Information

With 3,618 people, 1,220 houses or apartments, and a median cost of homes of $94,834, house prices in Beaver Dam are solidly below the national average.

Single-family detached homes are the single most common housing type in Beaver Dam, accounting for 67.54% of the city's housing units. Other types of housing that are prevalent in Beaver Dam include large apartment complexes or high rise apartments ( 16.94%), duplexes, homes converted to apartments or other small apartment buildings ( 9.18%), and a few mobile homes or trailers ( 6.33%).

The most prevalent building size and type in Beaver Dam are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.51% owning and 45.49% renting.

There is a lot of housing in Beaver Dam 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 Beaver Dam built between 1940-1969 ( 39.93%). A lesser amount of the housing stock also hails from before 1939 ( 7.90%). There's also some housing in Beaver Dam built between 2000 and later ( 7.83%).

Vacant housing appears to be an issue in Beaver Dam. Fully 13.17% of the housing stock is classified as vacant. Left unchecked, vacant Beaver Dam homes and apartments can be a drag on the real estate market, holding Beaver Dam 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.

Beaver Dam Home Appreciation Rates

Appreciation rates for homes in Beaver Dam have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.23%, which ranks in the top 40% nationwide. This equates to an annual average Beaver Dam house appreciation rate of 0.61%.

Over the last year, Beaver Dam appreciation rates have trailed the rest of the nation. In the last twelve months, Beaver Dam's appreciation rate has been -3.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beaver Dam were at 0.72%, which equates to an annual appreciation rate of 2.89%.

Relative to Kentucky, our data show that Beaver Dam's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$94,834

Beaver Dam, KY HOME PRICES

Value Range
> $1,018,000 1.2
$763,001 - $1,018,000 0.0
$509,001 - $763,000 0.0
$407,001 - $509,000 0.0
$305,001 - $407,000 0.0
$204,001 - $305,000 8.0
$102,001 - $204,000 29.1
$51,001 - $102,000 43.0
$0 - $51,000 18.7

Average for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
80.9211297316301 60.1503759398496

Number Of Homes And Apartments:
1,220

Beaver Dam Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
25.36% 1.32% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$703 / per month

Homeownership Rate

Homeownership
Owners 54.51
Renters 45.49
Vacant 13.17

Housing Market Details

 

Age of Homes

AGE OF Beaver Dam HOMES
2000 or Newer 7.8
1970 - 1999 44.3
1940 - 1969 39.9
1939 or Older 7.9

Types of Homes

TYPE OF Beaver Dam HOMES
Single-Family 67.5
Townhomes 0.0
Small Apt. Buildings 9.2
Apt. Complexes 16.9
Mobile Homes 6.3
Other 0.0

Home Size

SIZE OF Beaver Dam HOMES
No Bedroom 0.00
1 Bedroom 18.58
2 Bedrooms 19.64
3 Bedrooms 36.58
4 Bedrooms 18.86
5 or more bedrooms 6.33

Popular Neighborhoods in Beaver Dam

Zip Codes in Beaver Dam, KY