Glasgow, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Glasgow Neighborhoods Since 2000




Glasgow, 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

Glasgow Housing Market Information

With a population of 14,470, 6,243 total housing units (homes and apartments), and a median house value of $104,733, house prices in Glasgow are solidly below the national average.

Single-family detached homes are the single most common housing type in Glasgow, accounting for 65.24% of the city's housing units. Other types of housing that are prevalent in Glasgow include duplexes, homes converted to apartments or other small apartment buildings ( 23.65%), large apartment complexes or high rise apartments ( 6.99%), and a few row houses and other attached homes ( 2.63%).

The most prevalent building size and type in Glasgow are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.20% owning and 52.80% renting.

There is a lot of housing in Glasgow 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 Glasgow built between 1940-1969 ( 36.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.77%). There's also some housing in Glasgow built before 1939 ( 10.73%).

Glasgow Home Appreciation Rates

Appreciation rates for homes in Glasgow have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.64%, which ranks in the top 50% nationwide. This equates to an annual average Glasgow house appreciation rate of 0.16%.

NeighborhoodScout's data show that during the latest twelve months, Glasgow's appreciation rate, at 4.32%, has been at or slightly above the national average. In the latest quarter, Glasgow's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Glasgow differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Glasgow - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Glasgow real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$104,733

Glasgow, KY HOME PRICES

Value Range
> $1,091,000 0.7
$818,001 - $1,091,000 0.0
$545,001 - $818,000 0.2
$436,001 - $545,000 0.6
$327,001 - $436,000 1.5
$218,001 - $327,000 6.2
$109,001 - $218,000 36.8
$55,001 - $109,000 34.0
$0 - $55,000 20.0

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
74.4902144615024 52.3809523809524

Number Of Homes And Apartments:
6,243

Glasgow 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
22.56% 1.19% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$825 / per month

Homeownership Rate

Homeownership
Owners 47.20
Renters 52.80
Vacant 9.87

Housing Market Details

 

Age of Homes

AGE OF Glasgow HOMES
2000 or Newer 14.8
1970 - 1999 38.1
1940 - 1969 36.5
1939 or Older 10.7

Types of Homes

TYPE OF Glasgow HOMES
Single-Family 65.2
Townhomes 2.6
Small Apt. Buildings 23.6
Apt. Complexes 7.0
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Glasgow HOMES
No Bedroom 3.31
1 Bedroom 8.72
2 Bedrooms 31.11
3 Bedrooms 41.23
4 Bedrooms 12.17
5 or more bedrooms 3.46