Crestwood, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Crestwood Neighborhoods Since 2000




Crestwood, 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

Crestwood Housing Market Information

With a population of 4,847, 1,605 total housing units (homes and apartments), and a median house value of $261,277, Crestwood real estate is some of the most expensive in Kentucky, although Crestwood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Crestwood, accounting for 66.92% of the city's housing units. Other types of housing that are prevalent in Crestwood include large apartment complexes or high rise apartments ( 14.62%), duplexes, homes converted to apartments or other small apartment buildings ( 11.20%), and a few row houses and other attached homes ( 7.25%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Crestwood. Owner-occupied housing accounts for 72.23% of Crestwood's homes, and 60.55% have either three or four bedrooms, which is average sized relative to America.

Crestwood homes and real estate are some of the newest in America. 48.00% of Crestwood's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Crestwood real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.50%), and between 1940-1969 ( 9.02%). There's also some housing in Crestwood built before 1939 ( 7.49%).

Crestwood Home Appreciation Rates

Appreciation rates for homes in Crestwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.64%, which ranks in the top 30% nationwide. This equates to an annual average Crestwood house appreciation rate of 1.02%.

NeighborhoodScout's data show that during the latest twelve months, Crestwood's appreciation rate, at 5.02%, has been at or slightly above the national average. In the latest quarter, Crestwood's appreciation rate has been 1.69%, which annualizes to a rate of 6.95%.

Importantly, this makes Crestwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$261,277

Crestwood, KY HOME PRICES

Value Range
> $1,124,000 0.4
$843,001 - $1,124,000 0.8
$562,001 - $843,000 5.6
$449,001 - $562,000 7.1
$337,001 - $449,000 15.1
$225,001 - $337,000 29.2
$112,001 - $225,000 37.6
$56,001 - $112,000 2.0
$0 - $56,000 2.2

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
20.8601898511661 4.26065162907268

Number Of Homes And Apartments:
1,605

Crestwood 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
34.32% 1.73% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$850 / per month

Homeownership Rate

Homeownership
Owners 72.23
Renters 27.77
Vacant 5.37

Housing Market Details

 

Age of Homes

AGE OF Crestwood HOMES
2000 or Newer 48.0
1970 - 1999 35.5
1940 - 1969 9.0
1939 or Older 7.5

Types of Homes

TYPE OF Crestwood HOMES
Single-Family 66.9
Townhomes 7.3
Small Apt. Buildings 11.2
Apt. Complexes 14.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Crestwood HOMES
No Bedroom 0.00
1 Bedroom 4.30
2 Bedrooms 27.00
3 Bedrooms 30.42
4 Bedrooms 30.13
5 or more bedrooms 8.14