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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 1,157 people, 456 houses or apartments, and a median cost of homes of $86,643, 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 82.11% of the city's housing units. Other types of housing that are prevalent in Greenup include mobile homes or trailers ( 7.53%), duplexes, homes converted to apartments or other small apartment buildings ( 6.21%), and a few large apartment complexes or high rise apartments ( 4.14%).
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 59.99% owning and 40.01% renting.
The housing in Greenup was primarily built before 1939 ( 37.85%), making the housing stock in Greenup some of the oldest overall in America, although there is a range of ages of homes in Greenup. The next most important housing age is between 1940-1969 ( 34.27%), followed by between 1970-1999 ( 19.59%). There's also some housing in Greenup built between 2000 and later ( 8.29%).
Vacant housing appears to be an issue in Greenup. Fully 14.12% 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.
Appreciation rates for homes in Greenup have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.24%, which ranks in the top 50% nationwide. This equates to an annual average Greenup house appreciation rate of 0.32%.
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 -1.20%, 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 -1.61%, which equates to an annual appreciation rate of -6.28%.
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.
|$766,001 - $1,021,000||0.0|
|$511,001 - $766,000||1.3|
|$409,001 - $511,000||1.2|
|$306,001 - $409,000||0.6|
|$204,001 - $306,000||6.7|
|$102,001 - $204,000||35.4|
|$51,001 - $102,000||23.1|
|$0 - $51,000||31.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Greenup HOMES|
|2000 or Newer||8.3|
|1970 - 1999||19.6|
|1940 - 1969||34.3|
|1939 or Older||37.9|
|TYPE OF Greenup HOMES|
|Small Apt. Buildings||6.2|
|SIZE OF Greenup HOMES|
|5 or more bedrooms||5.08|