Benton, KY


Highest Appreciating Benton Neighborhoods Since 2000

Benton, 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

Benton Housing Market Information

With a population of 4,357, 1,854 total housing units (homes and apartments), and a median house value of $128,722, house prices in Benton are solidly below the national average.

Single-family detached homes are the single most common housing type in Benton, accounting for 85.69% of the city's housing units. Other types of housing that are prevalent in Benton include large apartment complexes or high rise apartments ( 8.89%), duplexes, homes converted to apartments or other small apartment buildings ( 3.55%), and a few mobile homes or trailers ( 1.87%).

The most prevalent building size and type in Benton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.05% owning and 38.95% 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. Benton's housing was primarily built during this period, from the '40s through the '60s. A full 44.43% of the city's housing hails from this era. Other housing ages represented in Benton include homes built between 1970-1999 ( 39.19%) and housing constructed between 2000 and later ( 14.17%). There's also some housing in Benton built before 1939 ( 2.21%).

Vacant housing appears to be an issue in Benton. Fully 10.95% of the housing stock is classified as vacant. Left unchecked, vacant Benton homes and apartments can be a drag on the real estate market, holding Benton 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.

Benton Home Appreciation Rates

In the last 10 years, Benton has experienced some of the highest home appreciation rates of any community in the nation. Benton real estate appreciated 18.21% over the last ten years, which is an average annual home appreciation rate of 1.69%, putting Benton in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Benton definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Benton's appreciation rate, at 5.29%, has been at or slightly above the national average. In the latest quarter, Benton's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

Relative to Kentucky, our data show that Benton's latest annual appreciation rate is higher than 70% of the other cities and towns in Kentucky.

Average Home Values


Median Home Value:


Value Range
> $1,096,000 0.0
$823,001 - $1,096,000 0.0
$548,001 - $823,000 0.0
$439,001 - $548,000 0.0
$329,001 - $439,000 5.9
$219,001 - $329,000 15.6
$110,001 - $219,000 42.5
$55,001 - $110,000 23.3
$0 - $55,000 12.8

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
60.5765850228525 32.3308270676692

Number Of Homes And Apartments:

Benton Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
48.60% 2.32% 8 6
* 10 is highest

Rent & Ownership


Average Market Rent:
$890 / per month

Homeownership Rate

Owners 61.05
Renters 38.95
Vacant 10.95

Housing Market Details


Age of Homes

2000 or Newer 14.2
1970 - 1999 39.2
1940 - 1969 44.4
1939 or Older 2.2

Types of Homes

Single-Family 85.7
Townhomes 0.0
Small Apt. Buildings 3.6
Apt. Complexes 8.9
Mobile Homes 1.9
Other 0.0

Home Size

No Bedroom 0.62
1 Bedroom 9.32
2 Bedrooms 24.26
3 Bedrooms 49.18
4 Bedrooms 14.17
5 or more bedrooms 2.45