Dawson Springs, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Dawson Springs Neighborhoods Since 2000




Dawson Springs, 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

Dawson Springs Housing Market Information

With a population of 2,737, 1,156 total housing units (homes and apartments), and a median house value of $73,295, house prices in Dawson Springs 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 Dawson Springs, accounting for 65.29% of the city's housing units. Other types of housing that are prevalent in Dawson Springs include large apartment complexes or high rise apartments ( 12.59%), duplexes, homes converted to apartments or other small apartment buildings ( 11.29%), and a few mobile homes or trailers ( 9.99%).

People in Dawson Springs primarily live in small (one, two or no bedroom) single-family detached homes. Dawson Springs 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. Dawson Springs's housing was primarily built during this period, from the '40s through the '60s. A full 44.47% of the city's housing hails from this era. Other housing ages represented in Dawson Springs include homes built between 1970-1999 ( 32.95%) and housing constructed before 1939 ( 20.75%). There's also some housing in Dawson Springs built between 2000 and later ( 1.83%).

Vacant housing appears to be an issue in Dawson Springs. Fully 11.82% of the housing stock is classified as vacant. Left unchecked, vacant Dawson Springs homes and apartments can be a drag on the real estate market, holding Dawson Springs 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.

Dawson Springs Home Appreciation Rates

Appreciation rates for homes in Dawson Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.05%, which ranks in the top 30% nationwide. This equates to an annual average Dawson Springs house appreciation rate of 1.32%.

Appreciation rates are so strong in Dawson Springs that despite a nationwide downturn in the housing market, Dawson Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dawson Springs appreciation rates continue to be some of the highest in America, at 17.88%, which is higher than appreciation rates in 99.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dawson Springs. Dawson Springs appreciation rates in the latest quarter were at 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Kentucky, our data show that Dawson Springs's latest annual appreciation rate is higher than 90% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$73,295

Dawson Springs, KY HOME PRICES

Value Range
> $1,261,000 0.0
$946,001 - $1,261,000 0.0
$630,001 - $946,000 0.0
$504,001 - $630,000 0.0
$378,001 - $504,000 0.0
$252,001 - $378,000 0.5
$126,001 - $252,000 16.7
$63,001 - $126,000 36.0
$0 - $63,000 46.9

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
93.8679245283019 81.7042606516291

Number Of Homes And Apartments:
1,156

Dawson Springs 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
71.94% 3.19% 10 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$610 / per month

Homeownership Rate

Homeownership
Owners 53.41
Renters 46.59
Vacant 11.82

Housing Market Details

 

Age of Homes

AGE OF Dawson Springs HOMES
2000 or Newer 1.8
1970 - 1999 33.0
1940 - 1969 44.5
1939 or Older 20.7

Types of Homes

TYPE OF Dawson Springs HOMES
Single-Family 65.3
Townhomes 0.8
Small Apt. Buildings 11.3
Apt. Complexes 12.6
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Dawson Springs HOMES
No Bedroom 0.99
1 Bedroom 9.31
2 Bedrooms 43.71
3 Bedrooms 39.59
4 Bedrooms 4.65
5 or more bedrooms 1.75

Popular Neighborhoods in Dawson Springs

Zip Codes in Dawson Springs, KY