Burkesville, KY


Highest Appreciating Burkesville Neighborhoods Since 2000

Burkesville, 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

Burkesville Housing Market Information

With 1,515 people, 641 houses or apartments, and a median cost of homes of $71,692, house prices in Burkesville are some of the most affordable in Kentucky as well as the nation.

Single-family detached homes are the single most common housing type in Burkesville, accounting for 62.32% of the city's housing units. Other types of housing that are prevalent in Burkesville include duplexes, homes converted to apartments or other small apartment buildings ( 21.09%), mobile homes or trailers ( 8.41%), and a few large apartment complexes or high rise apartments ( 7.82%).

People in Burkesville primarily live in small (one, two or no bedroom) single-family detached homes. Burkesville 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. Burkesville's housing was primarily built during this period, from the '40s through the '60s. A full 53.79% of the city's housing hails from this era. Other housing ages represented in Burkesville include homes built between 1970-1999 ( 35.07%) and housing constructed between 2000 and later ( 5.92%). There's also some housing in Burkesville built before 1939 ( 5.21%).

Vacant housing appears to be an issue in Burkesville. Fully 24.05% of the housing stock is classified as vacant. Left unchecked, vacant Burkesville homes and apartments can be a drag on the real estate market, holding Burkesville 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.

Burkesville Home Appreciation Rates

Appreciation rates for homes in Burkesville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.21%, which ranks in the top 40% nationwide. This equates to an annual average Burkesville house appreciation rate of 0.51%.

Over the last year, Burkesville appreciation rates have trailed the rest of the nation. In the last twelve months, Burkesville's appreciation rate has been 2.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Burkesville were at 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values


Median Home Value:

Burkesville, KY HOME PRICES

Value Range
> $1,058,000 0.8
$793,001 - $1,058,000 0.0
$529,001 - $793,000 0.0
$423,001 - $529,000 1.7
$317,001 - $423,000 1.8
$212,001 - $317,000 1.3
$106,001 - $212,000 24.5
$53,001 - $106,000 34.8
$0 - $53,000 35.0

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
94.5886558068675 83.9598997493734

Number Of Homes And Apartments:

Burkesville 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
42.75% 2.08% 7 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$636 / per month

Homeownership Rate

Owners 44.47
Renters 55.53
Vacant 24.05

Housing Market Details


Age of Homes

AGE OF Burkesville HOMES
2000 or Newer 5.9
1970 - 1999 35.1
1940 - 1969 53.8
1939 or Older 5.2

Types of Homes

TYPE OF Burkesville HOMES
Single-Family 62.3
Townhomes 0.4
Small Apt. Buildings 21.1
Apt. Complexes 7.8
Mobile Homes 8.4
Other 0.0

Home Size

SIZE OF Burkesville HOMES
No Bedroom 14.57
1 Bedroom 11.49
2 Bedrooms 31.75
3 Bedrooms 34.12
4 Bedrooms 6.28
5 or more bedrooms 1.78

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