Fort Mitchell, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 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 Mitchell Housing Market Information

With 8,306 people, 3,186 houses or apartments, and a median cost of homes of $237,955, 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 52.35% of the city's housing units. Other types of housing that are prevalent in Fort Mitchell include large apartment complexes or high rise apartments ( 22.51%), duplexes, homes converted to apartments or other small apartment buildings ( 20.69%), and a few row houses and other attached homes ( 2.35%).

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 43.93% of the city's housing hails from this era. Other housing ages represented in Fort Mitchell include homes built between 1970-1999 ( 33.36%) and housing constructed before 1939 ( 15.40%). There's also some housing in Fort Mitchell built between 2000 and later ( 7.31%).

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 6.59%, which ranks in the top 40% nationwide. This equates to an annual average Fort Mitchell house appreciation rate of 0.64%.

NeighborhoodScout's data show that during the latest twelve months, Fort Mitchell's appreciation rate, at 5.09%, has been at or slightly above the national average. In the latest quarter, Fort Mitchell's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Kentucky, our data show that Fort Mitchell's latest annual appreciation rate is higher than 70% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$237,955

Fort Mitchell, KY HOME PRICES

Value Range
> $1,116,000 0.5
$837,001 - $1,116,000 2.2
$558,001 - $837,000 4.5
$446,001 - $558,000 8.6
$335,001 - $446,000 12.6
$223,001 - $335,000 21.9
$112,001 - $223,000 44.8
$56,001 - $112,000 3.2
$0 - $56,000 1.5

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
24.487284659557 6.01503759398496

Number Of Homes And Apartments:
3,186

Fort Mitchell 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
28.44% 1.46% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 51.47
Renters 48.53
Vacant 6.51

Housing Market Details

 

Age of Homes

AGE OF Fort Mitchell HOMES
2000 or Newer 7.3
1970 - 1999 33.4
1940 - 1969 43.9
1939 or Older 15.4

Types of Homes

TYPE OF Fort Mitchell HOMES
Single-Family 52.3
Townhomes 2.3
Small Apt. Buildings 20.7
Apt. Complexes 22.5
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Fort Mitchell HOMES
No Bedroom 1.53
1 Bedroom 16.58
2 Bedrooms 32.42
3 Bedrooms 28.08
4 Bedrooms 16.40
5 or more bedrooms 4.99

Popular Neighborhoods in Fort Mitchell

Zip Codes in Fort Mitchell, KY