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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Edgewood Housing Market Information

With a population of 8,733, 3,289 total housing units (homes and apartments), and a median house value of $230,981, 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 90.08% of the city's housing units. Other types of housing that are prevalent in Edgewood include large apartment complexes or high rise apartments ( 5.64%), duplexes, homes converted to apartments or other small apartment buildings ( 2.39%), and a few row houses and other attached homes ( 1.88%).

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 87.41% of Edgewood's homes, and 81.33% 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 ( 26.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.84%). There's also some housing in Edgewood built before 1939 ( 2.42%).

Edgewood Home Appreciation Rates

Real estate appreciation rates in Edgewood's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.52% during the period.

NeighborhoodScout's data show that during the latest twelve months, Edgewood's appreciation rate, at 4.14%, has been at or slightly above the national average. In the latest quarter, Edgewood's appreciation rate has been 1.09%, which annualizes to a rate of 4.44%.

Relative to Kentucky, our data show that Edgewood's latest annual appreciation rate is lower than 50% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$230,981

Edgewood, KY HOME PRICES

Value Range
> $1,226,000 0.6
$919,001 - $1,226,000 2.0
$613,001 - $919,000 3.2
$490,001 - $613,000 5.0
$368,001 - $490,000 9.5
$245,001 - $368,000 31.1
$123,001 - $245,000 43.7
$61,001 - $123,000 3.0
$0 - $61,000 2.0

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
32.9751824817518 10.2244389027431

Number Of Homes And Apartments:
3,289

Edgewood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
45.31% 1.84%
3
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,322 / per month

Homeownership Rate

Homeownership
Owners 87.41
Renters 12.59
Vacant 6.27

Housing Market Details

 

Age of Homes

AGE OF Edgewood HOMES
2000 or Newer 6.8
1970 - 1999 64.1
1940 - 1969 26.6
1939 or Older 2.4

Types of Homes

TYPE OF Edgewood HOMES
Single-Family 90.1
Townhomes 1.9
Small Apt. Buildings 2.4
Apt. Complexes 5.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Edgewood HOMES
No Bedroom 3.42
1 Bedroom 1.37
2 Bedrooms 6.30
3 Bedrooms 43.23
4 Bedrooms 38.10
5 or more bedrooms 7.58