Hillview, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hillview Neighborhoods Since 2000




Hillview, 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

Hillview Housing Market Information

With 8,080 people, 2,844 houses or apartments, and a median cost of homes of $129,055, house prices in Hillview are solidly below the national average.

Single-family detached homes are the single most common housing type in Hillview, accounting for 90.54% of the city's housing units. Other types of housing that are prevalent in Hillview include large apartment complexes or high rise apartments ( 5.06%), row houses and other attached homes ( 2.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.09%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hillview. Owner-occupied housing accounts for 76.16% of Hillview's homes, and 80.44% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hillview 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 Hillview built between 1940-1969 ( 38.58%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.25%). There's also some housing in Hillview built before 1939 ( 2.95%).

Hillview Home Appreciation Rates

Appreciation rates for homes in Hillview have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.14%, which ranks in the top 50% nationwide. This equates to an annual average Hillview house appreciation rate of 0.31%.

Appreciation rates are so strong in Hillview that despite a nationwide downturn in the housing market, Hillview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hillview appreciation rates continue to be some of the highest in America, at 6.48%, which is higher than appreciation rates in 77.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hillview. Hillview appreciation rates in the latest quarter were at 1.69%, which equates to an annual appreciation rate of 6.95%.

Importantly, this makes Hillview one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kentucky, our data show that Hillview's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$129,055

Hillview, KY HOME PRICES

Value Range
> $1,126,000 0.6
$844,001 - $1,126,000 0.0
$563,001 - $844,000 0.0
$450,001 - $563,000 0.2
$338,001 - $450,000 1.3
$225,001 - $338,000 8.4
$112,001 - $225,000 62.9
$56,001 - $112,000 20.7
$0 - $56,000 5.9

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
60.4242353216923 31.8295739348371

Number Of Homes And Apartments:
2,844

Hillview 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
21.04% 1.11% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,094 / per month

Homeownership Rate

Homeownership
Owners 76.16
Renters 23.84
Vacant 5.89

Housing Market Details

 

Age of Homes

AGE OF Hillview HOMES
2000 or Newer 7.2
1970 - 1999 51.2
1940 - 1969 38.6
1939 or Older 2.9

Types of Homes

TYPE OF Hillview HOMES
Single-Family 90.5
Townhomes 2.5
Small Apt. Buildings 1.1
Apt. Complexes 5.1
Mobile Homes 0.8
Other 0.0

Home Size

SIZE OF Hillview HOMES
No Bedroom 0.00
1 Bedroom 2.25
2 Bedrooms 12.21
3 Bedrooms 65.12
4 Bedrooms 15.32
5 or more bedrooms 5.10