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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 8,662, 3,467 total housing units (homes and apartments), and a median house value of $390,742, Fort Mitchell real estate is some of the most expensive in Kentucky, although Fort Mitchell home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Fort Mitchell, accounting for 52.07% of the city's housing units. Other types of housing that are prevalent in Fort Mitchell include large apartment complexes or high rise apartments ( 24.08%), duplexes, homes converted to apartments or other small apartment buildings ( 15.21%), and a few row houses and other attached homes ( 5.50%).
People in Fort Mitchell primarily live in small (one, two or no bedroom) single-family detached homes. Fort Mitchell has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Fort Mitchell 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 Fort Mitchell built between 1940-1969 ( 35.28%). A lesser amount of the housing stock also hails from before 1939 ( 19.04%). There's also some housing in Fort Mitchell built between 2000 and later ( 3.95%).
Appreciation rates for homes in Fort Mitchell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 73.52%, which ranks in the top 50% nationwide. This equates to an annual average Fort Mitchell house appreciation rate of 5.67%.
Over the last year, Fort Mitchell appreciation rates have trailed the rest of the nation. In the last twelve months, Fort Mitchell's appreciation rate has been 5.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fort Mitchell were at -1.03%, which equates to an annual appreciation rate of -4.04%.
Relative to Kentucky, our data show that Fort Mitchell's latest annual appreciation rate is lower than 80% of the other cities and towns in Kentucky.
$1,393 / per month