Frenchburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Frenchburg Neighborhoods Since 2000




Frenchburg, 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

Frenchburg Housing Market Information

With 531 people, 230 houses or apartments, and a median cost of homes of $86,575, house prices in Frenchburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Frenchburg, accounting for 48.36% of the city's housing units. Other types of housing that are prevalent in Frenchburg include large apartment complexes or high rise apartments ( 20.73%), mobile homes or trailers ( 19.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.55%).

The most prevalent building size and type in Frenchburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.04% owning and 56.96% renting.

There is a lot of housing in Frenchburg 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 Frenchburg built between 1940-1969 ( 21.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.00%). There's also some housing in Frenchburg built before 1939 ( 2.91%).

Vacant housing appears to be an issue in Frenchburg. Fully 16.36% of the housing stock is classified as vacant. Left unchecked, vacant Frenchburg homes and apartments can be a drag on the real estate market, holding Frenchburg 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.

Frenchburg Home Appreciation Rates

In the last 10 years, Frenchburg has experienced some of the highest home appreciation rates of any community in the nation. Frenchburg real estate appreciated 24.16% over the last ten years, which is an average annual home appreciation rate of 2.19%, putting Frenchburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Frenchburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Frenchburg's appreciation rate, at 4.14%, has been at or slightly above the national average. In the latest quarter, Frenchburg's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

Relative to Kentucky, our data show that Frenchburg's latest annual appreciation rate is higher than 60% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$86,575

Frenchburg, KY HOME PRICES

Value Range
> $1,089,000 1.3
$817,001 - $1,089,000 0.0
$545,001 - $817,000 0.0
$436,001 - $545,000 2.5
$327,001 - $436,000 1.0
$218,001 - $327,000 8.4
$109,001 - $218,000 21.2
$54,001 - $109,000 44.4
$0 - $54,000 21.3

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
86.3998593695066 67.4185463659148

Number Of Homes And Apartments:
230

Frenchburg 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
47.68% 2.29% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$622 / per month

Homeownership Rate

Homeownership
Owners 43.04
Renters 56.96
Vacant 16.36

Housing Market Details

 

Age of Homes

AGE OF Frenchburg HOMES
2000 or Newer 12.0
1970 - 1999 63.3
1940 - 1969 21.8
1939 or Older 2.9

Types of Homes

TYPE OF Frenchburg HOMES
Single-Family 48.4
Townhomes 0.7
Small Apt. Buildings 10.5
Apt. Complexes 20.7
Mobile Homes 19.6
Other 0.0

Home Size

SIZE OF Frenchburg HOMES
No Bedroom 2.55
1 Bedroom 10.55
2 Bedrooms 36.36
3 Bedrooms 47.27
4 Bedrooms 3.27
5 or more bedrooms 0.00

Popular Neighborhoods in Frenchburg

Zip Codes in Frenchburg, KY