Leitchfield, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Leitchfield Neighborhoods Since 2000




Leitchfield, 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

Leitchfield Housing Market Information

With 6,873 people, 2,765 houses or apartments, and a median cost of homes of $128,070, house prices in Leitchfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Leitchfield, accounting for 58.28% of the city's housing units. Other types of housing that are prevalent in Leitchfield include large apartment complexes or high rise apartments ( 17.54%), duplexes, homes converted to apartments or other small apartment buildings ( 17.12%), and a few mobile homes or trailers ( 4.49%).

People in Leitchfield primarily live in small (one, two or no bedroom) single-family detached homes. Leitchfield has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Leitchfield 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 Leitchfield built between 1940-1969 ( 26.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.94%). There's also some housing in Leitchfield built before 1939 ( 6.31%).

Vacant housing appears to be an issue in Leitchfield. Fully 10.02% of the housing stock is classified as vacant. Left unchecked, vacant Leitchfield homes and apartments can be a drag on the real estate market, holding Leitchfield 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.

Leitchfield Home Appreciation Rates

Appreciation rates for homes in Leitchfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.06%, which ranks in the top 50% nationwide. This equates to an annual average Leitchfield house appreciation rate of 0.30%.

Over the last year, Leitchfield appreciation rates have trailed the rest of the nation. In the last twelve months, Leitchfield's appreciation rate has been 0.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Leitchfield were at 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$128,070

Leitchfield, KY HOME PRICES

Value Range
> $1,054,000 0.7
$790,001 - $1,054,000 0.0
$527,001 - $790,000 0.0
$421,001 - $527,000 0.8
$316,001 - $421,000 1.5
$211,001 - $316,000 12.3
$105,001 - $211,000 36.0
$53,001 - $105,000 34.6
$0 - $53,000 14.1

High for KY
Low for Nation

Value Relative to Nation Value Relative to State
60.904722840736 33.0827067669173

Number Of Homes And Apartments:
2,765

Leitchfield 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
16.22% 0.88% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$712 / per month

Homeownership Rate

Homeownership
Owners 49.50
Renters 50.50
Vacant 10.02

Housing Market Details

 

Age of Homes

AGE OF Leitchfield HOMES
2000 or Newer 14.9
1970 - 1999 52.4
1940 - 1969 26.3
1939 or Older 6.3

Types of Homes

TYPE OF Leitchfield HOMES
Single-Family 58.3
Townhomes 2.6
Small Apt. Buildings 17.1
Apt. Complexes 17.5
Mobile Homes 4.5
Other 0.0

Home Size

SIZE OF Leitchfield HOMES
No Bedroom 0.29
1 Bedroom 8.79
2 Bedrooms 40.61
3 Bedrooms 39.15
4 Bedrooms 8.40
5 or more bedrooms 2.77