Fort Mitchell, KY Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Mitchell, KY Housing Market Trends

With a population of 8,702, 3,331 total housing units (homes and apartments), and a median house value of $405,780, 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 55.82% of the city's housing units. Other types of housing that are prevalent in Fort Mitchell include large apartment complexes or high rise apartments ( 23.55%), duplexes, homes converted to apartments or other small apartment buildings ( 15.10%), and a few row houses and other attached homes ( 3.79%).

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 39.45% of the city's housing hails from this era. Other housing ages represented in Fort Mitchell include homes built between 1970-1999 ( 34.43%) and housing constructed before 1939 ( 21.39%). There's also some housing in Fort Mitchell built between 2000 and later ( 4.73%).

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 71.40%, which ranks in the top 40% nationwide. This equates to an annual average Fort Mitchell house appreciation rate of 5.54%.

NeighborhoodScout's data show that during the latest twelve months, Fort Mitchell's appreciation rate, at 18.06%, has been at or slightly above the national average. In the latest quarter, Fort Mitchell's appreciation rate has been 7.44%, which annualizes to a rate of 33.23%.

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

Average Home Values

 

Median Home Value:
$405,780

Fort Mitchell, KY HOME PRICES

> $1,407,000
$1,055,001 - $1,407,000
$703,001 - $1,055,000
$563,001 - $703,000
$422,001 - $563,000
$281,001 - $422,000
$140,001 - $281,000
$70,001 - $140,000
$0 - $70,000
0.7%
0.7%
3.4%
3.4%
8.2%
8.2%
6.5%
6.5%
20.2%
20.2%
23.2%
23.2%
32.5%
32.5%
2.9%
2.9%
2.5%
2.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for KY

Value Relative To Nation

Number Of Homes And Apartments:
3,331

Fort Mitchell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
100.24% 3.21%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,060 / per month

Homeownership Rate

Owners
Renters
Vacant
57.3%
57.3%
42.7%
42.7%
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.7%
4.7%
34.4%
34.4%
39.4%
39.4%
21.4%
21.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.8%
55.8%
3.8%
3.8%
15.1%
15.1%
23.6%
23.6%
1.7%
1.7%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
18.5%
18.5%
28.3%
28.3%
23.2%
23.2%
23.2%
23.2%
6.3%
6.3%
0.0% 100.0%
% OF HOMES