Dawson Springs, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dawson Springs, KY Real Estate Data


Dawson Springs Housing Market Information

With 2,737 people, 1,172 houses or apartments, and a median cost of homes of $58,611, 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 66.14% of the city's housing units. Other types of housing that are prevalent in Dawson Springs include duplexes, homes converted to apartments or other small apartment buildings ( 13.36%), large apartment complexes or high rise apartments ( 10.29%), and a few mobile homes or trailers ( 9.98%).

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.

There is a lot of housing in Dawson Springs 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 Dawson Springs built between 1940-1969 ( 38.59%). A lesser amount of the housing stock also hails from before 1939 ( 21.17%). There's also some housing in Dawson Springs built between 2000 and later ( 1.13%).

Vacant housing appears to be an issue in Dawson Springs. Fully 12.01% 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

Real estate appreciation rates in Dawson Springs's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.21% during the period.

Over the last year, Dawson Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Dawson Springs's appreciation rate has been 1.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dawson Springs were at 1.14%, which equates to an annual appreciation rate of 4.64%.

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

Average Home Values

 

Median Home Value:
$58,611

Dawson Springs, KY HOME PRICES

Value Range
> $1,054,000 0.0
$791,001 - $1,054,000 0.0
$527,001 - $791,000 0.0
$421,001 - $527,000 0.0
$316,001 - $421,000 0.0
$211,001 - $316,000 0.3
$105,001 - $211,000 18.1
$53,001 - $105,000 32.3
$0 - $53,000 49.3

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
98.5126193125256 92.7318295739348

Number Of Homes And Apartments:
1,172

Rent & Ownership

 

Average Market Rent:
$677 / per month

Homeownership Rate

Homeownership
Owners 58.39
Renters 41.61
Vacant 12.01

Housing Market Details

 

Age of Homes

AGE OF Dawson Springs HOMES
2000 or Newer 1.1
1970 - 1999 39.1
1940 - 1969 38.6
1939 or Older 21.2

Types of Homes

TYPE OF Dawson Springs HOMES
Single-Family 66.1
Townhomes 0.2
Small Apt. Buildings 13.4
Apt. Complexes 10.3
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Dawson Springs HOMES
No Bedroom 1.73
1 Bedroom 7.88
2 Bedrooms 44.07
3 Bedrooms 38.59
4 Bedrooms 4.80
5 or more bedrooms 2.93

Dawson Springs 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
46.37% 2.27% 8 6
* 10 is highest

Popular Neighborhoods in Dawson Springs

Zip Codes in Dawson Springs, KY