Erlanger, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Erlanger, 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

Erlanger Housing Market Information

With a population of 18,797, 6,964 total housing units (homes and apartments), and a median house value of $121,090, house prices in Erlanger are solidly below the national average.

Single-family detached homes are the single most common housing type in Erlanger, accounting for 64.60% of the city's housing units. Other types of housing that are prevalent in Erlanger include large apartment complexes or high rise apartments ( 22.08%), duplexes, homes converted to apartments or other small apartment buildings ( 6.24%), and a few row houses and other attached homes ( 4.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Erlanger. Owner-occupied housing accounts for 66.08% of Erlanger's homes, and 59.20% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Erlanger 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 Erlanger built between 1940-1969 ( 35.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.90%). There's also some housing in Erlanger built before 1939 ( 6.46%).

Erlanger Home Appreciation Rates

Real estate appreciation rates in Erlanger's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.36% during the period.

NeighborhoodScout's data show that during the latest twelve months, Erlanger's appreciation rate, at 5.22%, has been at or slightly above the national average. In the latest quarter, Erlanger's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Kentucky, our data show that Erlanger's latest annual appreciation rate is higher than 70% 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 Erlanger differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Erlanger - 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 Erlanger real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$121,090

Erlanger, KY HOME PRICES

Value Range
> $1,085,000 0.1
$814,001 - $1,085,000 0.4
$543,001 - $814,000 0.6
$434,001 - $543,000 1.0
$325,001 - $434,000 5.0
$217,001 - $325,000 10.4
$108,001 - $217,000 57.1
$54,001 - $108,000 20.1
$0 - $54,000 5.4

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
64.7808508144849 38.7218045112782

Number Of Homes And Apartments:
6,964

Erlanger 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
14.45% 0.79% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,016 / per month

Homeownership Rate

Homeownership
Owners 66.08
Renters 33.92
Vacant 9.43

Housing Market Details

 

Age of Homes

AGE OF Erlanger HOMES
2000 or Newer 12.9
1970 - 1999 45.4
1940 - 1969 35.2
1939 or Older 6.5

Types of Homes

TYPE OF Erlanger HOMES
Single-Family 64.6
Townhomes 4.1
Small Apt. Buildings 6.2
Apt. Complexes 22.1
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Erlanger HOMES
No Bedroom 1.03
1 Bedroom 6.23
2 Bedrooms 31.14
3 Bedrooms 42.71
4 Bedrooms 16.49
5 or more bedrooms 2.41