Crestwood, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Crestwood Neighborhoods Since 2000




Crestwood, KY Real Estate Data


Crestwood Housing Market Information

With 4,847 people, 1,650 houses or apartments, and a median cost of homes of $270,854, 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 65.54% of the city's housing units. Other types of housing that are prevalent in Crestwood include large apartment complexes or high rise apartments ( 14.14%), duplexes, homes converted to apartments or other small apartment buildings ( 9.95%), and a few row houses and other attached homes ( 8.85%).

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 70.48% of Crestwood's homes, and 58.21% 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. 43.60% 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 ( 37.78%), and between 1940-1969 ( 10.36%). There's also some housing in Crestwood built before 1939 ( 8.27%).

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 11.25%, which ranks in the top 40% nationwide. This equates to an annual average Crestwood house appreciation rate of 1.07%.

Appreciation rates are so strong in Crestwood that despite a nationwide downturn in the housing market, Crestwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crestwood appreciation rates continue to be some of the highest in America, at 5.75%, which is higher than appreciation rates in 70.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crestwood. Crestwood appreciation rates in the latest quarter were at 1.70%, which equates to an annual appreciation rate of 6.96%.

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

Average Home Values

 

Median Home Value:
$270,854

Crestwood, KY HOME PRICES

Value Range
> $1,148,000 0.2
$861,001 - $1,148,000 0.8
$573,001 - $861,000 5.6
$459,001 - $573,000 6.9
$344,001 - $459,000 14.4
$230,001 - $344,000 29.7
$115,001 - $230,000 37.4
$57,001 - $115,000 2.0
$0 - $57,000 3.0

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
20.1557650641213 2.75689223057644

Number Of Homes And Apartments:
1,650

Rent & Ownership

 

Average Market Rent:
$1,078 / per month

Homeownership Rate

Homeownership
Owners 70.48
Renters 29.52
Vacant 3.96

Housing Market Details

 

Age of Homes

AGE OF Crestwood HOMES
2000 or Newer 43.6
1970 - 1999 37.8
1940 - 1969 10.4
1939 or Older 8.3

Types of Homes

TYPE OF Crestwood HOMES
Single-Family 65.5
Townhomes 8.8
Small Apt. Buildings 10.0
Apt. Complexes 14.1
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Crestwood HOMES
No Bedroom 0.00
1 Bedroom 6.17
2 Bedrooms 28.17
3 Bedrooms 32.07
4 Bedrooms 26.14
5 or more bedrooms 7.45

Crestwood 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
34.47% 1.76% 5 4
* 10 is highest