Edgewood KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Edgewood, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Edgewood Housing Market Information

With 8,733 people, 3,200 houses or apartments, and a median cost of homes of $221,073, Edgewood real estate is some of the most expensive in Kentucky, although Edgewood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Edgewood, accounting for 90.85% of the city's housing units. Other types of housing that are prevalent in Edgewood include large apartment complexes or high rise apartments ( 4.99%), duplexes, homes converted to apartments or other small apartment buildings ( 2.18%), and a few row houses and other attached homes ( 1.98%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edgewood. Owner-occupied housing accounts for 89.11% of Edgewood's homes, and 81.43% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Edgewood 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 Edgewood built between 1940-1969 ( 26.40%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.02%). There's also some housing in Edgewood built before 1939 ( 2.78%).

Edgewood Home Appreciation Rates

Appreciation rates for homes in Edgewood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 22.22%, which ranks in the top 50% nationwide. This equates to an annual average Edgewood house appreciation rate of 2.03%.

Appreciation rates are so strong in Edgewood that despite a nationwide downturn in the housing market, Edgewood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edgewood appreciation rates continue to be some of the highest in America, at 5.16%, which is higher than appreciation rates in 73.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edgewood. Edgewood appreciation rates in the latest quarter were at 1.82%, which equates to an annual appreciation rate of 7.49%.

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

Average Home Values

 

Median Home Value:
$221,073

Edgewood, KY HOME PRICES

Value Range
> $1,229,000 0.5
$922,001 - $1,229,000 1.9
$614,001 - $922,000 3.0
$492,001 - $614,000 4.3
$368,001 - $492,000 9.3
$246,001 - $368,000 28.5
$122,001 - $246,000 47.0
$61,001 - $122,000 3.0
$0 - $61,000 2.6

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
33.8919708029197 11.4713216957606

Number Of Homes And Apartments:
3,200

Edgewood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
39.22% 1.69%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,227 / per month

Homeownership Rate

Homeownership
Owners 89.11
Renters 10.89
Vacant 5.52

Housing Market Details

 

Age of Homes

AGE OF Edgewood HOMES
2000 or Newer 5.0
1970 - 1999 65.8
1940 - 1969 26.4
1939 or Older 2.8

Types of Homes

TYPE OF Edgewood HOMES
Single-Family 90.8
Townhomes 2.0
Small Apt. Buildings 2.2
Apt. Complexes 5.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Edgewood HOMES
No Bedroom 2.86
1 Bedroom 1.00
2 Bedrooms 7.41
3 Bedrooms 40.95
4 Bedrooms 40.48
5 or more bedrooms 7.29