Elizabethtown, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Elizabethtown Neighborhoods Since 2000




Elizabethtown, 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

Elizabethtown Housing Market Information

With 29,678 people, 11,965 houses or apartments, and a median cost of homes of $164,974, Elizabethtown real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Elizabethtown, accounting for 59.37% of the city's housing units. Other types of housing that are prevalent in Elizabethtown include large apartment complexes or high rise apartments ( 19.66%), duplexes, homes converted to apartments or other small apartment buildings ( 14.20%), and a few row houses and other attached homes ( 3.61%).

The most prevalent building size and type in Elizabethtown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.14% owning and 52.86% renting.

There is a lot of housing in Elizabethtown 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 Elizabethtown built between 2000 and later ( 25.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.49%). There's also some housing in Elizabethtown built before 1939 ( 6.02%).

Vacant housing appears to be an issue in Elizabethtown. Fully 10.22% of the housing stock is classified as vacant. Left unchecked, vacant Elizabethtown homes and apartments can be a drag on the real estate market, holding Elizabethtown 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.

Elizabethtown Home Appreciation Rates

Appreciation rates for homes in Elizabethtown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.27%, which ranks in the top 50% nationwide. This equates to an annual average Elizabethtown house appreciation rate of 0.32%.

NeighborhoodScout's data show that during the latest twelve months, Elizabethtown's appreciation rate, at 3.90%, has been at or slightly above the national average. In the latest quarter, Elizabethtown's appreciation rate has been 4.06%, which annualizes to a rate of 17.27%.

Importantly, NeighborhoodScout’s exclusive research found that Elizabethtown's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Elizabethtown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Elizabethtown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Elizabethtown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$164,974

Elizabethtown, KY HOME PRICES

Value Range
> $1,048,000 0.1
$786,001 - $1,048,000 0.5
$524,001 - $786,000 1.0
$419,001 - $524,000 2.6
$314,001 - $419,000 7.0
$209,001 - $314,000 20.5
$104,001 - $209,000 46.2
$52,001 - $104,000 16.7
$0 - $52,000 5.5

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
43.6540489862885 16.5413533834586

Number Of Homes And Apartments:
11,965

Elizabethtown 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
38.31% 1.90% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,034 / per month

Homeownership Rate

Homeownership
Owners 47.14
Renters 52.86
Vacant 10.22

Housing Market Details

 

Age of Homes

AGE OF Elizabethtown HOMES
2000 or Newer 25.5
1970 - 1999 47.0
1940 - 1969 21.5
1939 or Older 6.0

Types of Homes

TYPE OF Elizabethtown HOMES
Single-Family 59.4
Townhomes 3.6
Small Apt. Buildings 14.2
Apt. Complexes 19.7
Mobile Homes 3.2
Other 0.0

Home Size

SIZE OF Elizabethtown HOMES
No Bedroom 1.85
1 Bedroom 11.76
2 Bedrooms 32.69
3 Bedrooms 37.50
4 Bedrooms 13.08
5 or more bedrooms 3.12