Fort Knox, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fort Knox Neighborhoods Since 2000




Fort Knox, 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

Fort Knox Housing Market Information

Row houses and other attached homes are the single most common housing type in Fort Knox, accounting for 44.88% of the town's housing units. Other types of housing that are prevalent in Fort Knox include duplexes, homes converted to apartments or other small apartment buildings ( 20.50%), single-family detached homes ( 20.39%), and a few large apartment complexes or high rise apartments ( 13.89%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

Renters dominate Fort Knox's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.

Fort Knox homes and real estate are some of the newest in America. 31.79% of Fort Knox's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fort Knox real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 30.88%), and between 1970-1999 ( 29.60%). There's also some housing in Fort Knox built before 1939 ( 7.74%).

Vacant housing appears to be an issue in Fort Knox. Fully 15.93% of the housing stock is classified as vacant. Left unchecked, vacant Fort Knox homes and apartments can be a drag on the real estate market, holding Fort Knox 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.

Fort Knox Home Appreciation Rates

Appreciation rates for homes in Fort Knox have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.20%, which ranks in the top 40% nationwide. This equates to an annual average Fort Knox house appreciation rate of 0.79%.

Appreciation rates are so strong in Fort Knox that despite a nationwide downturn in the housing market, Fort Knox real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Knox appreciation rates continue to be some of the highest in America, at 6.05%, which is higher than appreciation rates in 74.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Knox. Fort Knox appreciation rates in the latest quarter were at 4.06%, which equates to an annual appreciation rate of 17.27%.

Importantly, this makes Fort Knox one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Kentucky, our data show that Fort Knox's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.

Average Home Values

 

Fort Knox 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
57.23% 2.66% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,618 / per month

Homeownership Rate

Homeownership
Owners 0.61
Renters 99.39
Vacant 15.93

Housing Market Details

 

Age of Homes

AGE OF Fort Knox HOMES
2000 or Newer 31.8
1970 - 1999 29.6
1940 - 1969 30.9
1939 or Older 7.7

Types of Homes

TYPE OF Fort Knox HOMES
Single-Family 20.4
Townhomes 44.9
Small Apt. Buildings 20.5
Apt. Complexes 13.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Fort Knox HOMES
No Bedroom 1.43
1 Bedroom 1.28
2 Bedrooms 11.55
3 Bedrooms 67.84
4 Bedrooms 13.85
5 or more bedrooms 4.04