Jeffersontown, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jeffersontown, KY Real Estate Data


Jeffersontown Housing Market Information

With 26,946 people, 10,721 houses or apartments, and a median cost of homes of $201,124, Jeffersontown real estate is some of the most expensive in Kentucky, although Jeffersontown home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Jeffersontown, accounting for 64.93% of the city's housing units. Other types of housing that are prevalent in Jeffersontown include large apartment complexes or high rise apartments ( 24.58%), row houses and other attached homes ( 7.29%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.06%).

The most prevalent building size and type in Jeffersontown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.59% owning and 36.41% renting.

There is a lot of housing in Jeffersontown 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 Jeffersontown built between 1940-1969 ( 24.21%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.53%). There's also some housing in Jeffersontown built before 1939 ( 1.82%).

Jeffersontown Home Appreciation Rates

Appreciation rates for homes in Jeffersontown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.71%, which ranks in the top 40% nationwide. This equates to an annual average Jeffersontown house appreciation rate of 0.93%.

Appreciation rates are so strong in Jeffersontown that despite a nationwide downturn in the housing market, Jeffersontown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Jeffersontown appreciation rates continue to be some of the highest in America, at 5.99%, which is higher than appreciation rates in 74.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Jeffersontown. Jeffersontown appreciation rates in the latest quarter were at 1.70%, which equates to an annual appreciation rate of 6.96%.

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

Average Home Values

 

Median Home Value:
$201,124

Jeffersontown, KY HOME PRICES

Value Range
> $1,138,000 0.0
$853,001 - $1,138,000 0.0
$569,001 - $853,000 0.1
$455,001 - $569,000 0.5
$341,001 - $455,000 5.6
$227,001 - $341,000 22.9
$114,001 - $227,000 63.4
$57,001 - $114,000 5.2
$0 - $57,000 2.2

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
32.8277800550448 10.2756892230576

Number Of Homes And Apartments:
10,721

Rent & Ownership

 

Average Market Rent:
$1,115 / per month

Homeownership Rate

Homeownership
Owners 63.59
Renters 36.41
Vacant 7.61

Housing Market Details

 

Age of Homes

AGE OF Jeffersontown HOMES
2000 or Newer 9.5
1970 - 1999 64.4
1940 - 1969 24.2
1939 or Older 1.8

Types of Homes

TYPE OF Jeffersontown HOMES
Single-Family 64.9
Townhomes 7.3
Small Apt. Buildings 3.1
Apt. Complexes 24.6
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Jeffersontown HOMES
No Bedroom 0.56
1 Bedroom 13.33
2 Bedrooms 19.77
3 Bedrooms 44.86
4 Bedrooms 19.11
5 or more bedrooms 2.37

Jeffersontown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.49% 1.67% 5 3
* 10 is highest