Flemingsburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Flemingsburg, KY Real Estate Data


Flemingsburg Housing Market Information

With 2,894 people, 1,277 houses or apartments, and a median cost of homes of $83,632, house prices in Flemingsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Flemingsburg, accounting for 55.05% of the city's housing units. Other types of housing that are prevalent in Flemingsburg include mobile homes or trailers ( 15.25%), duplexes, homes converted to apartments or other small apartment buildings ( 14.59%), and a few large apartment complexes or high rise apartments ( 14.52%).

The most prevalent building size and type in Flemingsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 51.21% owning and 48.79% renting.

There is a lot of housing in Flemingsburg 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 Flemingsburg built between 1940-1969 ( 34.65%). A lesser amount of the housing stock also hails from before 1939 ( 20.33%). There's also some housing in Flemingsburg built between 2000 and later ( 5.35%).

Vacant housing appears to be an issue in Flemingsburg. Fully 15.71% of the housing stock is classified as vacant. Left unchecked, vacant Flemingsburg homes and apartments can be a drag on the real estate market, holding Flemingsburg 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.

Flemingsburg Home Appreciation Rates

Appreciation rates for homes in Flemingsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.56%, which ranks in the top 30% nationwide. This equates to an annual average Flemingsburg house appreciation rate of 1.37%.

NeighborhoodScout's data show that during the latest twelve months, Flemingsburg's appreciation rate, at 3.86%, has been at or slightly above the national average. In the latest quarter, Flemingsburg's appreciation rate has been 0.69%, which annualizes to a rate of 2.77%.

Relative to Kentucky, our data show that Flemingsburg's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$83,632

Flemingsburg, KY HOME PRICES

Value Range
> $1,056,000 0.1
$792,001 - $1,056,000 0.5
$528,001 - $792,000 1.8
$422,001 - $528,000 0.9
$316,001 - $422,000 7.0
$211,001 - $316,000 8.2
$106,001 - $211,000 29.3
$53,001 - $106,000 30.6
$0 - $53,000 21.5

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
88.1343021211766 70.1754385964912

Number Of Homes And Apartments:
1,277

Rent & Ownership

 

Average Market Rent:
$665 / per month

Homeownership Rate

Homeownership
Owners 51.21
Renters 48.79
Vacant 15.71

Housing Market Details

 

Age of Homes

AGE OF Flemingsburg HOMES
2000 or Newer 5.3
1970 - 1999 39.7
1940 - 1969 34.7
1939 or Older 20.3

Types of Homes

TYPE OF Flemingsburg HOMES
Single-Family 55.0
Townhomes 0.6
Small Apt. Buildings 14.6
Apt. Complexes 14.5
Mobile Homes 15.2
Other 0.0

Home Size

SIZE OF Flemingsburg HOMES
No Bedroom 1.45
1 Bedroom 11.49
2 Bedrooms 31.22
3 Bedrooms 40.13
4 Bedrooms 13.33
5 or more bedrooms 2.38

Flemingsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
48.11% 2.30% 8 6
* 10 is highest

Popular Neighborhoods in Flemingsburg

Zip Codes in Flemingsburg, KY