London, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating London Neighborhoods Since 2000




London, KY Real Estate Data


London Housing Market Information

With 8,126 people, 3,393 houses or apartments, and a median cost of homes of $138,833, house prices in London are solidly below the national average.

Single-family detached homes are the single most common housing type in London, accounting for 51.83% of the city's housing units. Other types of housing that are prevalent in London include large apartment complexes or high rise apartments ( 22.07%), duplexes, homes converted to apartments or other small apartment buildings ( 16.19%), and a few mobile homes or trailers ( 8.67%).

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

There is a lot of housing in London 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 London built between 1940-1969 ( 26.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.51%). There's also some housing in London built before 1939 ( 5.44%).

London Home Appreciation Rates

In the last 10 years, London has experienced some of the highest home appreciation rates of any community in the nation. London real estate appreciated 18.36% over the last ten years, which is an average annual home appreciation rate of 1.70%, putting London in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, London definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in London that despite a nationwide downturn in the housing market, London real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, London appreciation rates continue to be some of the highest in America, at 6.73%, which is higher than appreciation rates in 78.39% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in London. London appreciation rates in the latest quarter were at 1.41%, which equates to an annual appreciation rate of 5.77%.

Relative to Kentucky, our data show that London's latest annual appreciation rate is higher than 80% 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 London differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in London - 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 London real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$138,833

London, KY HOME PRICES

Value Range
> $1,111,000 0.0
$833,001 - $1,111,000 0.0
$555,001 - $833,000 0.7
$445,001 - $555,000 0.4
$333,001 - $445,000 2.2
$222,001 - $333,000 12.1
$111,001 - $222,000 49.7
$56,001 - $111,000 20.3
$0 - $56,000 14.0

High for KY
Average for Nation

Value Relative to Nation Value Relative to State
55.1330130083206 26.5664160401003

Number Of Homes And Apartments:
3,393

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 39.56
Renters 60.44
Vacant 8.12

Housing Market Details

 

Age of Homes

AGE OF London HOMES
2000 or Newer 10.5
1970 - 1999 57.9
1940 - 1969 26.2
1939 or Older 5.4

Types of Homes

TYPE OF London HOMES
Single-Family 51.8
Townhomes 1.2
Small Apt. Buildings 16.2
Apt. Complexes 22.1
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF London HOMES
No Bedroom 1.60
1 Bedroom 19.36
2 Bedrooms 30.35
3 Bedrooms 39.29
4 Bedrooms 8.99
5 or more bedrooms 0.41

London 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
48.38% 2.31% 9 6
* 10 is highest