Flatwoods, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Flatwoods Neighborhoods Since 2000




Flatwoods, 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

Flatwoods Housing Market Information

With a population of 7,335, 3,038 total housing units (homes and apartments), and a median house value of $89,118, house prices in Flatwoods are solidly below the national average.

Single-family detached homes are the single most common housing type in Flatwoods, accounting for 80.41% of the city's housing units. Other types of housing that are prevalent in Flatwoods include duplexes, homes converted to apartments or other small apartment buildings ( 7.26%), mobile homes or trailers ( 5.69%), and a few large apartment complexes or high rise apartments ( 5.63%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Flatwoods. Owner-occupied housing accounts for 66.84% of Flatwoods's homes, and 63.76% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Flatwoods 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 Flatwoods built between 1940-1969 ( 42.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.47%). There's also some housing in Flatwoods built before 1939 ( 7.11%).

Flatwoods Home Appreciation Rates

Appreciation rates for homes in Flatwoods have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.77%, which ranks in the top 40% nationwide. This equates to an annual average Flatwoods house appreciation rate of 0.66%.

Over the last year, Flatwoods appreciation rates have trailed the rest of the nation. In the last twelve months, Flatwoods's appreciation rate has been 0.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Flatwoods were at -1.61%, which equates to an annual appreciation rate of -6.28%.

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

Relative to Kentucky, our data show that Flatwoods's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$89,118

Flatwoods, KY HOME PRICES

Value Range
> $1,033,000 0.0
$775,001 - $1,033,000 0.0
$516,001 - $775,000 0.0
$413,001 - $516,000 0.0
$310,001 - $413,000 1.3
$206,001 - $310,000 6.9
$103,001 - $206,000 27.5
$52,001 - $103,000 46.9
$0 - $52,000 17.5

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
84.5833821633658 64.1604010025063

Number Of Homes And Apartments:
3,038

Flatwoods 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
41.05% 2.01% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$913 / per month

Homeownership Rate

Homeownership
Owners 66.84
Renters 33.16
Vacant 9.99

Housing Market Details

 

Age of Homes

AGE OF Flatwoods HOMES
2000 or Newer 7.5
1970 - 1999 43.3
1940 - 1969 42.1
1939 or Older 7.1

Types of Homes

TYPE OF Flatwoods HOMES
Single-Family 80.4
Townhomes 1.0
Small Apt. Buildings 7.3
Apt. Complexes 5.6
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Flatwoods HOMES
No Bedroom 0.74
1 Bedroom 4.27
2 Bedrooms 28.71
3 Bedrooms 49.13
4 Bedrooms 14.64
5 or more bedrooms 2.52