Greenup, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Greenup Neighborhoods Since 2000




Greenup, 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

Greenup Housing Market Information

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.

Greenup Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$86,643

Greenup, KY HOME PRICES

Value Range
> $1,021,000 0.0
$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

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
86.3705613500527 67.1679197994987

Number Of Homes And Apartments:
456

Greenup 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
31.90% 1.62% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$805 / per month

Homeownership Rate

Homeownership
Owners 59.99
Renters 40.01
Vacant 14.12

Housing Market Details

 

Age of Homes

AGE OF Greenup HOMES
2000 or Newer 8.3
1970 - 1999 19.6
1940 - 1969 34.3
1939 or Older 37.9

Types of Homes

TYPE OF Greenup HOMES
Single-Family 82.1
Townhomes 0.0
Small Apt. Buildings 6.2
Apt. Complexes 4.1
Mobile Homes 7.5
Other 0.0

Home Size

SIZE OF Greenup HOMES
No Bedroom 0.00
1 Bedroom 4.52
2 Bedrooms 33.71
3 Bedrooms 34.84
4 Bedrooms 21.85
5 or more bedrooms 5.08