Booneville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Booneville Neighborhoods Since 2000




Booneville, 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

Booneville Housing Market Information

With 76 people, 41 houses or apartments, and a median cost of homes of $77,535, house prices in Booneville are solidly below the national average.

Single-family detached homes are the single most common housing type in Booneville, accounting for 73.91% of the city's housing units. Other types of housing that are prevalent in Booneville include mobile homes or trailers ( 19.57%), duplexes, homes converted to apartments or other small apartment buildings ( 6.52%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Booneville. Owner-occupied housing accounts for 75.61% of Booneville's homes, and 54.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Booneville 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 Booneville built between 2000 and later ( 30.43%). A lesser amount of the housing stock also hails from before 1939 ( 17.39%). There's also some housing in Booneville built between 1940-1969 ( 2.17%).

Vacant housing appears to be an issue in Booneville. Fully 10.87% of the housing stock is classified as vacant. Left unchecked, vacant Booneville homes and apartments can be a drag on the real estate market, holding Booneville 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.

Booneville Home Appreciation Rates

In the last 10 years, Booneville has experienced some of the highest home appreciation rates of any community in the nation. Booneville real estate appreciated 21.38% over the last ten years, which is an average annual home appreciation rate of 1.96%, putting Booneville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Booneville 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, Booneville's appreciation rate, at 3.38%, has been at or slightly above the national average. In the latest quarter, Booneville's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$77,535

Booneville, KY HOME PRICES

Value Range
> $1,095,000 0.0
$821,001 - $1,095,000 0.0
$548,001 - $821,000 0.0
$438,001 - $548,000 0.0
$329,001 - $438,000 0.9
$219,001 - $329,000 20.5
$110,001 - $219,000 6.9
$55,001 - $110,000 39.9
$0 - $55,000 31.8

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
91.9430446501816 78.9473684210526

Number Of Homes And Apartments:
41

Booneville 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
77.82% 3.39% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$392 / per month

Homeownership Rate

Homeownership
Owners 75.61
Renters 24.39
Vacant 10.87

Housing Market Details

 

Age of Homes

AGE OF Booneville HOMES
2000 or Newer 30.4
1970 - 1999 50.0
1940 - 1969 2.2
1939 or Older 17.4

Types of Homes

TYPE OF Booneville HOMES
Single-Family 73.9
Townhomes 0.0
Small Apt. Buildings 6.5
Apt. Complexes 0.0
Mobile Homes 19.6
Other 0.0

Home Size

SIZE OF Booneville HOMES
No Bedroom 4.35
1 Bedroom 0.00
2 Bedrooms 39.13
3 Bedrooms 50.00
4 Bedrooms 4.35
5 or more bedrooms 2.17

Popular Neighborhoods in Booneville

Zip Codes in Booneville, KY