Jenkins, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Jenkins, KY Real Estate Data


Jenkins Housing Market Information

With 2,103 people, 906 houses or apartments, and a median cost of homes of $49,857, house prices in Jenkins are some of the most affordable in Kentucky as well as the nation.

Single-family detached homes are the single most common housing type in Jenkins, accounting for 58.70% of the city's housing units. Other types of housing that are prevalent in Jenkins include mobile homes or trailers ( 21.30%), large apartment complexes or high rise apartments ( 16.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.33%).

The most prevalent building size and type in Jenkins are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.40% owning and 38.60% renting.

There is a lot of housing in Jenkins 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 Jenkins built before 1939 ( 33.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.86%). There's also some housing in Jenkins built between 2000 and later ( 10.23%).

Vacant housing appears to be an issue in Jenkins. Fully 15.72% of the housing stock is classified as vacant. Left unchecked, vacant Jenkins homes and apartments can be a drag on the real estate market, holding Jenkins 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.

Jenkins Home Appreciation Rates

Real estate appreciation rates in Jenkins's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.03% during the period.

Over the last year, Jenkins appreciation rates have trailed the rest of the nation. In the last twelve months, Jenkins's appreciation rate has been 1.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Jenkins were at -0.04%, which equates to an annual appreciation rate of -0.15%.

Relative to Kentucky, our data show that Jenkins's latest annual appreciation rate is lower than 70% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$49,857

Jenkins, KY HOME PRICES

Value Range
> $1,034,000 1.0
$775,001 - $1,034,000 0.0
$517,001 - $775,000 0.0
$413,001 - $517,000 0.0
$310,001 - $413,000 0.7
$207,001 - $310,000 2.4
$103,001 - $207,000 11.5
$52,001 - $103,000 30.7
$0 - $52,000 53.8

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
99.3202859486699 96.4912280701754

Number Of Homes And Apartments:
906

Rent & Ownership

 

Average Market Rent:
$583 / per month

Homeownership Rate

Homeownership
Owners 61.40
Renters 38.60
Vacant 15.72

Housing Market Details

 

Age of Homes

AGE OF Jenkins HOMES
2000 or Newer 10.2
1970 - 1999 34.9
1940 - 1969 21.9
1939 or Older 33.0

Types of Homes

TYPE OF Jenkins HOMES
Single-Family 58.7
Townhomes 1.0
Small Apt. Buildings 2.3
Apt. Complexes 16.7
Mobile Homes 21.3
Other 0.0

Home Size

SIZE OF Jenkins HOMES
No Bedroom 0.65
1 Bedroom 7.81
2 Bedrooms 31.63
3 Bedrooms 46.88
4 Bedrooms 5.21
5 or more bedrooms 7.81

Jenkins Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
28.52% 1.47% 4 3
* 10 is highest

Popular Neighborhoods in Jenkins

Zip Codes in Jenkins, KY