Elsmere, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Elsmere, KY Real Estate Data


Elsmere Housing Market Information

With 8,536 people, 2,889 houses or apartments, and a median cost of homes of $134,378, house prices in Elsmere are solidly below the national average.

Single-family detached homes are the single most common housing type in Elsmere, accounting for 81.03% of the city's housing units. Other types of housing that are prevalent in Elsmere include mobile homes or trailers ( 10.04%), duplexes, homes converted to apartments or other small apartment buildings ( 5.45%), and a few large apartment complexes or high rise apartments ( 2.33%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Elsmere. Owner-occupied housing accounts for 71.40% of Elsmere's homes, and 71.72% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Elsmere 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 Elsmere built between 1940-1969 ( 37.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.64%). There's also some housing in Elsmere built before 1939 ( 6.12%).

Elsmere Home Appreciation Rates

Real estate appreciation rates in Elsmere's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.25% during the period.

NeighborhoodScout's data show that during the latest twelve months, Elsmere's appreciation rate, at 4.89%, has been at or slightly above the national average. In the latest quarter, Elsmere's appreciation rate has been 2.34%, which annualizes to a rate of 9.71%.

Relative to Kentucky, our data show that Elsmere's latest annual appreciation rate is higher than 70% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$134,378

Elsmere, KY HOME PRICES

Value Range
> $1,084,000 0.0
$813,001 - $1,084,000 0.0
$541,001 - $813,000 0.0
$434,001 - $541,000 0.1
$325,001 - $434,000 2.7
$217,001 - $325,000 10.0
$108,001 - $217,000 54.6
$54,001 - $108,000 26.3
$0 - $54,000 6.4

High for KY
Average for Nation

Value Relative to Nation Value Relative to State
58.51144814663 31.077694235589

Number Of Homes And Apartments:
2,889

Rent & Ownership

 

Average Market Rent:
$932 / per month

Homeownership Rate

Homeownership
Owners 71.40
Renters 28.60
Vacant 7.88

Housing Market Details

 

Age of Homes

AGE OF Elsmere HOMES
2000 or Newer 8.6
1970 - 1999 47.7
1940 - 1969 37.6
1939 or Older 6.1

Types of Homes

TYPE OF Elsmere HOMES
Single-Family 81.0
Townhomes 1.1
Small Apt. Buildings 5.5
Apt. Complexes 2.3
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Elsmere HOMES
No Bedroom 0.00
1 Bedroom 5.61
2 Bedrooms 21.01
3 Bedrooms 63.97
4 Bedrooms 7.75
5 or more bedrooms 1.66

Elsmere 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
13.87% 0.77% 1 1
* 10 is highest