Greensburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greensburg Neighborhoods Since 2000




Greensburg, 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

Greensburg Housing Market Information

With 2,123 people, 960 houses or apartments, and a median cost of homes of $79,825, house prices in Greensburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Greensburg, accounting for 78.25% of the city's housing units. Other types of housing that are prevalent in Greensburg include duplexes, homes converted to apartments or other small apartment buildings ( 7.83%), mobile homes or trailers ( 6.82%), and a few large apartment complexes or high rise apartments ( 5.64%).

The most prevalent building size and type in Greensburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.82% owning and 42.18% renting.

There is a lot of housing in Greensburg 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 Greensburg built between 1940-1969 ( 37.67%). A lesser amount of the housing stock also hails from before 1939 ( 6.55%). There's also some housing in Greensburg built between 2000 and later ( 3.55%).

Vacant housing appears to be an issue in Greensburg. Fully 12.65% of the housing stock is classified as vacant. Left unchecked, vacant Greensburg homes and apartments can be a drag on the real estate market, holding Greensburg 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.

Greensburg Home Appreciation Rates

Real estate appreciation rates in Greensburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

Over the last year, Greensburg appreciation rates have trailed the rest of the nation. In the last twelve months, Greensburg's appreciation rate has been 2.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greensburg were at 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$79,825

Greensburg, KY HOME PRICES

Value Range
> $1,021,000 0.0
$765,001 - $1,021,000 0.0
$510,001 - $765,000 0.0
$408,001 - $510,000 1.2
$306,001 - $408,000 0.4
$204,001 - $306,000 3.4
$102,001 - $204,000 27.2
$51,001 - $102,000 45.1
$0 - $51,000 22.8

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
90.6422125864292 75.187969924812

Number Of Homes And Apartments:
960

Greensburg 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
29.62% 1.52% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$706 / per month

Homeownership Rate

Homeownership
Owners 57.82
Renters 42.18
Vacant 12.65

Housing Market Details

 

Age of Homes

AGE OF Greensburg HOMES
2000 or Newer 3.5
1970 - 1999 52.2
1940 - 1969 37.7
1939 or Older 6.6

Types of Homes

TYPE OF Greensburg HOMES
Single-Family 78.3
Townhomes 1.5
Small Apt. Buildings 7.8
Apt. Complexes 5.6
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Greensburg HOMES
No Bedroom 0.00
1 Bedroom 8.55
2 Bedrooms 33.85
3 Bedrooms 45.31
4 Bedrooms 10.74
5 or more bedrooms 1.55

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Zip Codes in Greensburg, KY