Grayson, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Grayson Neighborhoods Since 2000




Grayson, 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

Grayson Housing Market Information

With a population of 4,058, 1,429 total housing units (homes and apartments), and a median house value of $102,322, house prices in Grayson are solidly below the national average.

Single-family detached homes are the single most common housing type in Grayson, accounting for 48.46% of the city's housing units. Other types of housing that are prevalent in Grayson include large apartment complexes or high rise apartments ( 23.18%), mobile homes or trailers ( 18.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.62%).

People in Grayson primarily live in small (one, two or no bedroom) single-family detached homes. Grayson has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Grayson 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 Grayson built between 1940-1969 ( 32.43%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.35%).

Vacant housing appears to be an issue in Grayson. Fully 11.90% of the housing stock is classified as vacant. Left unchecked, vacant Grayson homes and apartments can be a drag on the real estate market, holding Grayson 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.

Grayson Home Appreciation Rates

Appreciation rates for homes in Grayson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.74%, which ranks in the top 50% nationwide. This equates to an annual average Grayson house appreciation rate of 0.17%.

Over the last year, Grayson appreciation rates have trailed the rest of the nation. In the last twelve months, Grayson's appreciation rate has been -3.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Grayson were at 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$102,322

Grayson, KY HOME PRICES

Value Range
> $963,000 0.8
$722,001 - $963,000 0.0
$482,001 - $722,000 0.0
$385,001 - $482,000 0.3
$289,001 - $385,000 6.4
$193,001 - $289,000 9.1
$97,001 - $193,000 28.8
$48,001 - $97,000 29.2
$0 - $48,000 25.5

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
76.1338333528653 55.8897243107769

Number Of Homes And Apartments:
1,429

Grayson 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
31.67% 1.61% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$772 / per month

Homeownership Rate

Homeownership
Owners 35.15
Renters 64.85
Vacant 11.90

Housing Market Details

 

Age of Homes

AGE OF Grayson HOMES
2000 or Newer 6.4
1970 - 1999 60.4
1940 - 1969 32.4
1939 or Older 0.8

Types of Homes

TYPE OF Grayson HOMES
Single-Family 48.5
Townhomes 0.3
Small Apt. Buildings 9.6
Apt. Complexes 23.2
Mobile Homes 18.4
Other 0.0

Home Size

SIZE OF Grayson HOMES
No Bedroom 0.37
1 Bedroom 18.93
2 Bedrooms 30.58
3 Bedrooms 41.43
4 Bedrooms 8.32
5 or more bedrooms 0.37