Elizabethtown, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Elizabethtown Neighborhoods Since 2000




Elizabethtown, KY Real Estate Data


Elizabethtown Housing Market Information

With 29,678 people, 11,765 houses or apartments, and a median cost of homes of $164,928, 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 60.72% of the city's housing units. Other types of housing that are prevalent in Elizabethtown include large apartment complexes or high rise apartments ( 19.15%), duplexes, homes converted to apartments or other small apartment buildings ( 13.53%), and a few row houses and other attached homes ( 3.74%).

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 49.18% owning and 50.82% 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 ( 24.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.44%). There's also some housing in Elizabethtown built before 1939 ( 5.47%).

Vacant housing appears to be an issue in Elizabethtown. Fully 10.57% 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 4.99%, which ranks in the top 50% nationwide. This equates to an annual average Elizabethtown house appreciation rate of 0.49%.

Over the last year, Elizabethtown appreciation rates have trailed the rest of the nation. In the last twelve months, Elizabethtown's appreciation rate has been 0.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Elizabethtown were at 0.60%, which equates to an annual appreciation rate of 2.43%.

Notably, Elizabethtown's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kentucky, our data show that Elizabethtown's latest annual appreciation rate is lower than 90% 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:
$164,928

Elizabethtown, KY HOME PRICES

Value Range
> $1,046,000 0.1
$785,001 - $1,046,000 0.5
$523,001 - $785,000 1.4
$418,001 - $523,000 2.6
$314,001 - $418,000 6.1
$209,001 - $314,000 20.0
$105,001 - $209,000 46.7
$52,001 - $105,000 16.6
$0 - $52,000 6.0

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
44.7912396791005 18.0451127819549

Number Of Homes And Apartments:
11,765

Rent & Ownership

 

Average Market Rent:
$921 / per month

Homeownership Rate

Homeownership
Owners 49.18
Renters 50.82
Vacant 10.57

Housing Market Details

 

Age of Homes

AGE OF Elizabethtown HOMES
2000 or Newer 24.3
1970 - 1999 47.7
1940 - 1969 22.4
1939 or Older 5.5

Types of Homes

TYPE OF Elizabethtown HOMES
Single-Family 60.7
Townhomes 3.7
Small Apt. Buildings 13.5
Apt. Complexes 19.1
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Elizabethtown HOMES
No Bedroom 1.22
1 Bedroom 11.49
2 Bedrooms 33.50
3 Bedrooms 37.36
4 Bedrooms 12.85
5 or more bedrooms 3.58

Elizabethtown 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
36.28% 1.84% 5 4
* 10 is highest