Carlisle, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Carlisle, 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

Carlisle Housing Market Information

With 2,010 people, 981 houses or apartments, and a median cost of homes of $91,216, house prices in Carlisle are solidly below the national average.

Single-family detached homes are the single most common housing type in Carlisle, accounting for 72.66% of the city's housing units. Other types of housing that are prevalent in Carlisle include duplexes, homes converted to apartments or other small apartment buildings ( 12.36%), large apartment complexes or high rise apartments ( 9.47%), and a few mobile homes or trailers ( 5.17%).

The most prevalent building size and type in Carlisle are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.51% owning and 41.49% renting.

There is a lot of housing in Carlisle 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 Carlisle built before 1939 ( 28.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.08%). There's also some housing in Carlisle built between 2000 and later ( 1.75%).

Vacant housing appears to be an issue in Carlisle. Fully 14.02% of the housing stock is classified as vacant. Left unchecked, vacant Carlisle homes and apartments can be a drag on the real estate market, holding Carlisle 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.

Carlisle Home Appreciation Rates

Appreciation rates for homes in Carlisle have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.43%, which ranks in the top 50% nationwide. This equates to an annual average Carlisle house appreciation rate of 0.24%.

NeighborhoodScout's data show that during the latest twelve months, Carlisle's appreciation rate, at 3.37%, has been at or slightly above the national average. In the latest quarter, Carlisle's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$91,216

Carlisle, KY HOME PRICES

Value Range
> $1,053,000 0.0
$790,001 - $1,053,000 0.2
$526,001 - $790,000 0.9
$421,001 - $526,000 0.0
$316,001 - $421,000 2.4
$211,001 - $316,000 6.2
$105,001 - $211,000 26.0
$53,001 - $105,000 51.4
$0 - $53,000 12.9

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
83.1712176256885 61.9047619047619

Number Of Homes And Apartments:
981

Carlisle 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
11.85% 0.65% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$619 / per month

Homeownership Rate

Homeownership
Owners 58.51
Renters 41.49
Vacant 14.02

Housing Market Details

 

Age of Homes

AGE OF Carlisle HOMES
2000 or Newer 1.8
1970 - 1999 42.5
1940 - 1969 27.1
1939 or Older 28.7

Types of Homes

TYPE OF Carlisle HOMES
Single-Family 72.7
Townhomes 0.4
Small Apt. Buildings 12.4
Apt. Complexes 9.5
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Carlisle HOMES
No Bedroom 4.21
1 Bedroom 11.31
2 Bedrooms 27.08
3 Bedrooms 43.30
4 Bedrooms 10.87
5 or more bedrooms 3.24

Popular Neighborhoods in Carlisle

Zip Codes in Carlisle, KY