Catlettsburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Catlettsburg, KY Real Estate Data


Catlettsburg Housing Market Information

With 1,808 people, 756 houses or apartments, and a median cost of homes of $71,578, house prices in Catlettsburg 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 Catlettsburg, accounting for 68.62% of the city's housing units. Other types of housing that are prevalent in Catlettsburg include large apartment complexes or high rise apartments ( 17.95%), mobile homes or trailers ( 8.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.29%).

People in Catlettsburg primarily live in small (one, two or no bedroom) single-family detached homes. Catlettsburg has a mixture of owner-occupied and renter-occupied housing.

The housing in Catlettsburg was primarily built before 1939 ( 36.34%), making the housing stock in Catlettsburg some of the oldest overall in America, although there is a range of ages of homes in Catlettsburg. The next most important housing age is between 1940-1969 ( 31.83%), followed by between 1970-1999 ( 24.38%). There's also some housing in Catlettsburg built between 2000 and later ( 7.45%).

Vacant housing appears to be an issue in Catlettsburg. Fully 14.67% of the housing stock is classified as vacant. Left unchecked, vacant Catlettsburg homes and apartments can be a drag on the real estate market, holding Catlettsburg 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.

Catlettsburg Home Appreciation Rates

Real estate appreciation rates in Catlettsburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.24% during the period.

Over the last year, Catlettsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Catlettsburg's appreciation rate has been 2.03%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Catlettsburg were at -0.55%, which equates to an annual appreciation rate of -2.17%.

Notably, Catlettsburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kentucky, our data show that Catlettsburg's latest annual appreciation rate is lower than 80% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$71,578

Catlettsburg, KY HOME PRICES

Value Range
> $1,032,000 0.0
$773,001 - $1,032,000 0.0
$516,001 - $773,000 0.0
$413,001 - $516,000 0.5
$309,001 - $413,000 0.0
$206,001 - $309,000 2.7
$103,001 - $206,000 21.2
$51,001 - $103,000 43.4
$0 - $51,000 32.3

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
95.0518240908825 85.2130325814536

Number Of Homes And Apartments:
756

Rent & Ownership

 

Average Market Rent:
$730 / per month

Homeownership Rate

Homeownership
Owners 43.83
Renters 56.17
Vacant 14.67

Housing Market Details

 

Age of Homes

AGE OF Catlettsburg HOMES
2000 or Newer 7.4
1970 - 1999 24.4
1940 - 1969 31.8
1939 or Older 36.3

Types of Homes

TYPE OF Catlettsburg HOMES
Single-Family 68.6
Townhomes 0.5
Small Apt. Buildings 4.3
Apt. Complexes 17.9
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF Catlettsburg HOMES
No Bedroom 7.45
1 Bedroom 11.17
2 Bedrooms 31.72
3 Bedrooms 38.15
4 Bedrooms 9.82
5 or more bedrooms 1.69

Catlettsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
17.50% 0.95% 1 2
* 10 is highest

Popular Neighborhoods in Catlettsburg

Zip Codes in Catlettsburg, KY