Cynthiana, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cynthiana Neighborhoods Since 2000




Cynthiana, 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

Cynthiana Housing Market Information

With 6,423 people, 2,639 houses or apartments, and a median cost of homes of $130,502, house prices in Cynthiana are solidly below the national average.

Single-family detached homes are the single most common housing type in Cynthiana, accounting for 61.41% of the city's housing units. Other types of housing that are prevalent in Cynthiana include duplexes, homes converted to apartments or other small apartment buildings ( 23.71%), large apartment complexes or high rise apartments ( 11.23%), and a few mobile homes or trailers ( 3.08%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cynthiana's housing was primarily built during this period, from the '40s through the '60s. A full 39.16% of the city's housing hails from this era. Other housing ages represented in Cynthiana include homes built between 1970-1999 ( 32.80%) and housing constructed before 1939 ( 22.46%). There's also some housing in Cynthiana built between 2000 and later ( 5.58%).

Vacant housing appears to be an issue in Cynthiana. Fully 10.75% of the housing stock is classified as vacant. Left unchecked, vacant Cynthiana homes and apartments can be a drag on the real estate market, holding Cynthiana 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.

Cynthiana Home Appreciation Rates

Real estate appreciation rates in Cynthiana's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.51% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cynthiana's appreciation rate, at 5.37%, has been at or slightly above the national average. In the latest quarter, Cynthiana's appreciation rate has been -0.11%, which annualizes to a rate of -0.45%.

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

Average Home Values

 

Median Home Value:
$130,502

Cynthiana, KY HOME PRICES

Value Range
> $1,017,000 0.9
$762,001 - $1,017,000 0.0
$508,001 - $762,000 2.5
$407,001 - $508,000 2.6
$305,001 - $407,000 5.9
$203,001 - $305,000 11.3
$102,001 - $203,000 36.9
$51,001 - $102,000 33.3
$0 - $51,000 6.6

High for KY
Average for Nation

Value Relative to Nation Value Relative to State
59.5980311730927 31.5789473684211

Number Of Homes And Apartments:
2,639

Cynthiana 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
17.29% 0.93% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$765 / per month

Homeownership Rate

Homeownership
Owners 45.09
Renters 54.91
Vacant 10.75

Housing Market Details

 

Age of Homes

AGE OF Cynthiana HOMES
2000 or Newer 5.6
1970 - 1999 32.8
1940 - 1969 39.2
1939 or Older 22.5

Types of Homes

TYPE OF Cynthiana HOMES
Single-Family 61.4
Townhomes 0.6
Small Apt. Buildings 23.7
Apt. Complexes 11.2
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Cynthiana HOMES
No Bedroom 1.62
1 Bedroom 15.56
2 Bedrooms 38.96
3 Bedrooms 33.92
4 Bedrooms 7.88
5 or more bedrooms 2.06

Popular Neighborhoods in Cynthiana

Zip Codes in Cynthiana, KY