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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 809, 297 total housing units (homes and apartments), and a median house value of $200,185, house prices in East Bernstadt are solidly below the national average.
Single-family detached homes are the single most common housing type in East Bernstadt, accounting for 65.19% of the town's housing units. Other types of housing that are prevalent in East Bernstadt include mobile homes or trailers ( 31.95%), large apartment complexes or high rise apartments ( 2.86%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Bernstadt. Owner-occupied housing accounts for 74.07% of East Bernstadt's homes, and 75.58% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in East Bernstadt 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 East Bernstadt built between 2000 and later ( 26.75%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.14%). There's also some housing in East Bernstadt built before 1939 ( 4.16%).
Vacant housing appears to be an issue in East Bernstadt. Fully 22.86% of the housing stock is classified as vacant. Left unchecked, vacant East Bernstadt homes and apartments can be a drag on the real estate market, holding East Bernstadt 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.
Appreciation rates for homes in East Bernstadt have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.73%, which ranks in the top 40% nationwide. This equates to an annual average East Bernstadt house appreciation rate of 7.27%.
NeighborhoodScout's data show that during the latest twelve months, East Bernstadt's appreciation rate, at 10.98%, has been at or slightly above the national average. In the latest quarter, East Bernstadt's appreciation rate has been 5.02%, which annualizes to a rate of 21.63%.
Importantly, this makes East Bernstadt one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Kentucky, our data show that East Bernstadt's latest annual appreciation rate is higher than 60% of the other cities and towns in Kentucky.
$200,185
for Kentucky
for nation
297
$1,096 / per month