Fort Mitchell KY

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Fort Mitchell, 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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fort Mitchell Housing Market Information

With a population of 8,242, 3,170 total housing units (homes and apartments), and a median house value of $284,757, 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 50.69% of the city's housing units. Other types of housing that are prevalent in Fort Mitchell include large apartment complexes or high rise apartments ( 27.86%), duplexes, homes converted to apartments or other small apartment buildings ( 16.33%), and a few row houses and other attached homes ( 3.86%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fort Mitchell's housing was primarily built during this period, from the '40s through the '60s. A full 36.82% of the city's housing hails from this era. Other housing ages represented in Fort Mitchell include homes built between 1970-1999 ( 35.53%) and housing constructed before 1939 ( 21.75%). There's also some housing in Fort Mitchell built between 2000 and later ( 5.90%).

Fort Mitchell Home Appreciation Rates

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 27.84%, which ranks in the top 40% nationwide. This equates to an annual average Fort Mitchell house appreciation rate of 2.49%.

Appreciation rates are so strong in Fort Mitchell that despite a nationwide downturn in the housing market, Fort Mitchell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Mitchell appreciation rates continue to be some of the highest in America, at 5.13%, which is higher than appreciation rates in 71.95% 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 Mitchell. Fort Mitchell appreciation rates in the latest quarter were at 0.98%, which equates to an annual appreciation rate of 3.96%.

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

Average Home Values


Median Home Value:

Fort Mitchell, KY HOME PRICES

Value Range
> $1,180,000 0.2
$884,001 - $1,180,000 1.2
$590,001 - $884,000 7.4
$472,001 - $590,000 9.0
$354,001 - $472,000 12.8
$236,001 - $354,000 25.9
$118,001 - $236,000 37.4
$59,001 - $118,000 3.6
$0 - $59,000 2.4

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
22.4408759124088 5.23690773067332

Number Of Homes And Apartments:

Fort Mitchell Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
49.98% 2.05%
* 10 is highest

Rent & Ownership


Average Market Rent:
$840 / per month

Homeownership Rate

Owners 50.03
Renters 49.97
Vacant 5.03

Housing Market Details


Age of Homes

AGE OF Fort Mitchell HOMES
2000 or Newer 5.9
1970 - 1999 35.5
1940 - 1969 36.8
1939 or Older 21.7

Types of Homes

TYPE OF Fort Mitchell HOMES
Single-Family 50.7
Townhomes 3.9
Small Apt. Buildings 16.3
Apt. Complexes 27.9
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Fort Mitchell HOMES
No Bedroom 0.48
1 Bedroom 18.99
2 Bedrooms 29.75
3 Bedrooms 29.78
4 Bedrooms 16.39
5 or more bedrooms 4.61

Popular Neighborhoods in Fort Mitchell

Zip Codes in Fort Mitchell, KY