Crofton, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Crofton Neighborhoods Since 2000




Crofton, 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

Crofton Housing Market Information

With 754 people, 321 houses or apartments, and a median cost of homes of $83,598, house prices in Crofton are solidly below the national average.

Single-family detached homes are the single most common housing type in Crofton, accounting for 62.81% of the city's housing units. Other types of housing that are prevalent in Crofton include mobile homes or trailers ( 19.56%), large apartment complexes or high rise apartments ( 13.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.41%).

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

There is a lot of housing in Crofton 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 Crofton built between 1940-1969 ( 38.57%). A lesser amount of the housing stock also hails from before 1939 ( 9.92%). There's also some housing in Crofton built between 2000 and later ( 2.75%).

Vacant housing appears to be an issue in Crofton. Fully 11.57% of the housing stock is classified as vacant. Left unchecked, vacant Crofton homes and apartments can be a drag on the real estate market, holding Crofton 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.

Crofton Home Appreciation Rates

Appreciation rates for homes in Crofton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.13%, which ranks in the top 50% nationwide. This equates to an annual average Crofton house appreciation rate of 0.21%.

Appreciation rates are so strong in Crofton that despite a nationwide downturn in the housing market, Crofton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Crofton appreciation rates continue to be some of the highest in America, at 6.25%, which is higher than appreciation rates in 76.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Crofton. Crofton appreciation rates in the latest quarter were at -0.25%, which equates to an annual appreciation rate of -1.01%.

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

Average Home Values

 

Median Home Value:
$83,598

Crofton, KY HOME PRICES

Value Range
> $1,053,000 0.7
$790,001 - $1,053,000 0.0
$527,001 - $790,000 0.0
$421,001 - $527,000 0.8
$316,001 - $421,000 4.3
$211,001 - $316,000 9.0
$105,001 - $211,000 16.0
$53,001 - $105,000 41.5
$0 - $53,000 27.6

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
88.2221961795383 70.1754385964912

Number Of Homes And Apartments:
321

Crofton 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
44.98% 2.18% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$735 / per month

Homeownership Rate

Homeownership
Owners 61.37
Renters 38.63
Vacant 11.57

Housing Market Details

 

Age of Homes

AGE OF Crofton HOMES
2000 or Newer 2.8
1970 - 1999 48.8
1940 - 1969 38.6
1939 or Older 9.9

Types of Homes

TYPE OF Crofton HOMES
Single-Family 62.8
Townhomes 0.0
Small Apt. Buildings 4.4
Apt. Complexes 13.2
Mobile Homes 19.6
Other 0.0

Home Size

SIZE OF Crofton HOMES
No Bedroom 0.00
1 Bedroom 11.29
2 Bedrooms 46.01
3 Bedrooms 32.23
4 Bedrooms 9.09
5 or more bedrooms 1.38

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Zip Codes in Crofton, KY