Hopkinsville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hopkinsville Neighborhoods Since 2000




Hopkinsville, 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

Hopkinsville Housing Market Information

With a population of 32,205, 12,936 total housing units (homes and apartments), and a median house value of $122,154, house prices in Hopkinsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Hopkinsville, accounting for 69.08% of the city's housing units. Other types of housing that are prevalent in Hopkinsville include large apartment complexes or high rise apartments ( 13.26%), duplexes, homes converted to apartments or other small apartment buildings ( 13.20%), and a few row houses and other attached homes ( 2.18%).

The most prevalent building size and type in Hopkinsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.85% owning and 54.15% renting.

There is a lot of housing in Hopkinsville 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 Hopkinsville built between 1940-1969 ( 37.52%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.96%). There's also some housing in Hopkinsville built before 1939 ( 8.23%).

Vacant housing appears to be an issue in Hopkinsville. Fully 11.59% of the housing stock is classified as vacant. Left unchecked, vacant Hopkinsville homes and apartments can be a drag on the real estate market, holding Hopkinsville 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.

Hopkinsville Home Appreciation Rates

Appreciation rates for homes in Hopkinsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.19%, which ranks in the top 50% nationwide. This equates to an annual average Hopkinsville house appreciation rate of 0.12%.

NeighborhoodScout's data show that during the latest twelve months, Hopkinsville's appreciation rate, at 4.70%, has been at or slightly above the national average. In the latest quarter, Hopkinsville's appreciation rate has been -0.25%, which annualizes to a rate of -1.01%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Hopkinsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hopkinsville - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hopkinsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$122,154

Hopkinsville, KY HOME PRICES

Value Range
> $1,049,000 0.1
$787,001 - $1,049,000 0.1
$524,001 - $787,000 0.5
$420,001 - $524,000 1.4
$314,001 - $420,000 2.3
$210,001 - $314,000 5.4
$105,001 - $210,000 39.6
$52,001 - $105,000 35.2
$0 - $52,000 15.3

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
64.2212586429157 37.593984962406

Number Of Homes And Apartments:
12,936

Hopkinsville 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
26.42% 1.37% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$762 / per month

Homeownership Rate

Homeownership
Owners 45.85
Renters 54.15
Vacant 11.59

Housing Market Details

 

Age of Homes

AGE OF Hopkinsville HOMES
2000 or Newer 11.0
1970 - 1999 43.3
1940 - 1969 37.5
1939 or Older 8.2

Types of Homes

TYPE OF Hopkinsville HOMES
Single-Family 69.1
Townhomes 2.2
Small Apt. Buildings 13.2
Apt. Complexes 13.3
Mobile Homes 2.1
Other 0.2

Home Size

SIZE OF Hopkinsville HOMES
No Bedroom 1.16
1 Bedroom 11.48
2 Bedrooms 33.47
3 Bedrooms 40.92
4 Bedrooms 10.76
5 or more bedrooms 2.20