Elsmere, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Elsmere Neighborhoods Since 2000




Elsmere, 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

Elsmere Housing Market Information

With a population of 8,536, 2,949 total housing units (homes and apartments), and a median house value of $121,090, 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 81.98% of the city's housing units. Other types of housing that are prevalent in Elsmere include mobile homes or trailers ( 7.96%), duplexes, homes converted to apartments or other small apartment buildings ( 6.12%), and a few row houses and other attached homes ( 2.03%).

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 69.69% of Elsmere's homes, and 68.33% 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 ( 35.79%). A lesser amount of the housing stock also hails from before 1939 ( 9.21%). There's also some housing in Elsmere built between 2000 and later ( 6.90%).

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 -0.41% during the period.

NeighborhoodScout's data show that during the latest twelve months, Elsmere's appreciation rate, at 5.29%, has been at or slightly above the national average. In the latest quarter, Elsmere's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

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:
$121,090

Elsmere, KY HOME PRICES

Value Range
> $1,084,000 0.0
$813,001 - $1,084,000 0.0
$542,001 - $813,000 0.0
$433,001 - $542,000 0.3
$325,001 - $433,000 3.8
$217,001 - $325,000 10.8
$108,001 - $217,000 54.6
$54,001 - $108,000 26.0
$0 - $54,000 4.6

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
64.7808508144849 38.7218045112782

Number Of Homes And Apartments:
2,949

Elsmere 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
14.17% 0.77% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,016 / per month

Homeownership Rate

Homeownership
Owners 69.69
Renters 30.31
Vacant 7.90

Housing Market Details

 

Age of Homes

AGE OF Elsmere HOMES
2000 or Newer 6.9
1970 - 1999 48.1
1940 - 1969 35.8
1939 or Older 9.2

Types of Homes

TYPE OF Elsmere HOMES
Single-Family 82.0
Townhomes 2.0
Small Apt. Buildings 6.1
Apt. Complexes 1.9
Mobile Homes 8.0
Other 0.0

Home Size

SIZE OF Elsmere HOMES
No Bedroom 0.00
1 Bedroom 5.15
2 Bedrooms 24.70
3 Bedrooms 60.34
4 Bedrooms 8.00
5 or more bedrooms 1.81