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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Greenup, 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Greenup, KY Housing Market Trends

With 1,065 people, 504 houses or apartments, and a median cost of homes of $129,517, house prices in Greenup are solidly below the national average.

Single-family detached homes are the single most common housing type in Greenup, accounting for 87.21% of the city's housing units. Other types of housing that are prevalent in Greenup include large apartment complexes or high rise apartments ( 5.15%), mobile homes or trailers ( 4.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.55%).

The most prevalent building size and type in Greenup are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.87% owning and 38.13% renting.

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. Greenup's housing was primarily built during this period, from the '40s through the '60s. A full 34.10% of the city's housing hails from this era. Other housing ages represented in Greenup include homes built before 1939 ( 33.21%) and housing constructed between 1970-1999 ( 28.42%). There's also some housing in Greenup built between 2000 and later ( 4.26%).

Vacant housing appears to be an issue in Greenup. Fully 10.48% of the housing stock is classified as vacant. Left unchecked, vacant Greenup homes and apartments can be a drag on the real estate market, holding Greenup 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.

Greenup Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Greenup, where house values have increased just 43.35%, which is annualized rate of 3.67%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Greenup appreciation rates have trailed the rest of the nation. In the last twelve months, Greenup's appreciation rate has been 0.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Greenup were at -1.00%, which equates to an annual appreciation rate of -3.94%.

Notably, Greenup's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

Median Home Value

$129,517

Greenup, KY Home Prices
> $1,228,000
$921,001 - $1,228,000
$614,001 - $921,000
$491,001 - $614,000
$368,001 - $491,000
$246,001 - $368,000
$123,001 - $246,000
$61,001 - $123,000
$0 - $61,000
0.3%
0.3%
0.2%
0.2%
1.0%
1.0%
0.0%
0.0%
11.9%
11.9%
9.0%
9.0%
33.3%
33.3%
22.8%
22.8%
21.6%
21.6%
0% 100.0%
% of Homes
Low

for Kentucky

Very Low

for nation

Number of Homes And Apartments:

504

Greenup Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,248 / per month

Homeownership Rate

Owners
Renters
Vacant
61.9%
61.9%
38.1%
38.1%
10.5%
10.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.3%
4.3%
28.4%
28.4%
34.1%
34.1%
33.2%
33.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
87.2%
87.2%
0.0%
0.0%
3.6%
3.6%
5.2%
5.2%
4.1%
4.1%
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
1.2%
1.2%
5.3%
5.3%
22.7%
22.7%
47.8%
47.8%
14.9%
14.9%
8.0%
8.0%
0% 100.0%
% of Homes