Liberty, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Liberty Neighborhoods Since 2000




Liberty, 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

Liberty Housing Market Information

With 2,160 people, 788 houses or apartments, and a median cost of homes of $71,838, house prices in Liberty 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 Liberty, accounting for 74.24% of the city's housing units. Other types of housing that are prevalent in Liberty include duplexes, homes converted to apartments or other small apartment buildings ( 12.71%), large apartment complexes or high rise apartments ( 7.18%), and a few mobile homes or trailers ( 5.88%).

The most prevalent building size and type in Liberty are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.11% owning and 50.89% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Liberty's housing was primarily built during this period, from the '40s through the '60s. A full 43.18% of the city's housing hails from this era. Other housing ages represented in Liberty include homes built between 1970-1999 ( 42.24%) and housing constructed between 2000 and later ( 8.59%). There's also some housing in Liberty built before 1939 ( 6.00%).

Liberty Home Appreciation Rates

Liberty's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Liberty during the period has been just -1.51%, which is lower than 80% of US communities.

Over the last year, Liberty appreciation rates have trailed the rest of the nation. In the last twelve months, Liberty's appreciation rate has been -5.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Liberty were at 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Kentucky, our data show that Liberty's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$71,838

Liberty, KY HOME PRICES

Value Range
> $909,000 0.0
$681,001 - $909,000 0.0
$454,001 - $681,000 2.6
$364,001 - $454,000 0.0
$273,001 - $364,000 0.5
$182,001 - $273,000 5.9
$91,001 - $182,000 24.3
$45,001 - $91,000 36.9
$0 - $45,000 29.8

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
94.4978319465604 83.4586466165414

Number Of Homes And Apartments:
788

Liberty 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
1.76% 0.10% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$664 / per month

Homeownership Rate

Homeownership
Owners 49.11
Renters 50.89
Vacant 7.29

Housing Market Details

 

Age of Homes

AGE OF Liberty HOMES
2000 or Newer 8.6
1970 - 1999 42.2
1940 - 1969 43.2
1939 or Older 6.0

Types of Homes

TYPE OF Liberty HOMES
Single-Family 74.2
Townhomes 0.0
Small Apt. Buildings 12.7
Apt. Complexes 7.2
Mobile Homes 5.9
Other 0.0

Home Size

SIZE OF Liberty HOMES
No Bedroom 0.00
1 Bedroom 12.47
2 Bedrooms 35.76
3 Bedrooms 41.41
4 Bedrooms 10.35
5 or more bedrooms 0.00