Harrodsburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Harrodsburg, 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

Harrodsburg Housing Market Information

With a population of 8,394, 3,504 total housing units (homes and apartments), and a median house value of $120,716, house prices in Harrodsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Harrodsburg, accounting for 64.36% of the city's housing units. Other types of housing that are prevalent in Harrodsburg include duplexes, homes converted to apartments or other small apartment buildings ( 18.79%), large apartment complexes or high rise apartments ( 11.89%), and a few mobile homes or trailers ( 3.43%).

The most prevalent building size and type in Harrodsburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.76% owning and 47.24% 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. Harrodsburg's housing was primarily built during this period, from the '40s through the '60s. A full 39.77% of the city's housing hails from this era. Other housing ages represented in Harrodsburg include homes built between 1970-1999 ( 35.50%) and housing constructed before 1939 ( 14.00%). There's also some housing in Harrodsburg built between 2000 and later ( 10.73%).

Harrodsburg Home Appreciation Rates

Appreciation rates for homes in Harrodsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.94%, which ranks in the top 50% nationwide. This equates to an annual average Harrodsburg house appreciation rate of 0.19%.

Over the last year, Harrodsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Harrodsburg's appreciation rate has been 2.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Harrodsburg were at 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$120,716

Harrodsburg, KY HOME PRICES

Value Range
> $1,053,000 0.0
$790,001 - $1,053,000 0.8
$526,001 - $790,000 0.3
$421,001 - $526,000 0.8
$316,001 - $421,000 3.4
$210,001 - $316,000 13.8
$105,001 - $210,000 40.5
$53,001 - $105,000 32.6
$0 - $53,000 7.9

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
64.9712879409352 39.3483709273183

Number Of Homes And Apartments:
3,504

Harrodsburg 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
28.11% 1.45% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$800 / per month

Homeownership Rate

Homeownership
Owners 52.76
Renters 47.24
Vacant 7.64

Housing Market Details

 

Age of Homes

AGE OF Harrodsburg HOMES
2000 or Newer 10.7
1970 - 1999 35.5
1940 - 1969 39.8
1939 or Older 14.0

Types of Homes

TYPE OF Harrodsburg HOMES
Single-Family 64.4
Townhomes 1.5
Small Apt. Buildings 18.8
Apt. Complexes 11.9
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Harrodsburg HOMES
No Bedroom 1.63
1 Bedroom 10.57
2 Bedrooms 32.58
3 Bedrooms 42.41
4 Bedrooms 11.73
5 or more bedrooms 1.08

Popular Neighborhoods in Harrodsburg

Zip Codes in Harrodsburg, KY