Madisonville, KY


Highest Appreciating Madisonville Neighborhoods Since 2000

Madisonville, 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

Madisonville Housing Market Information

With 19,539 people, 7,924 houses or apartments, and a median cost of homes of $108,745, house prices in Madisonville are solidly below the national average.

Single-family detached homes are the single most common housing type in Madisonville, accounting for 73.68% of the city's housing units. Other types of housing that are prevalent in Madisonville include duplexes, homes converted to apartments or other small apartment buildings ( 10.83%), large apartment complexes or high rise apartments ( 9.40%), and a few mobile homes or trailers ( 3.81%).

The most prevalent building size and type in Madisonville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.52% owning and 42.48% renting.

There is a lot of housing in Madisonville 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 Madisonville built between 1940-1969 ( 34.08%). A lesser amount of the housing stock also hails from before 1939 ( 12.91%). There's also some housing in Madisonville built between 2000 and later ( 6.99%).

Vacant housing appears to be an issue in Madisonville. Fully 13.16% of the housing stock is classified as vacant. Left unchecked, vacant Madisonville homes and apartments can be a drag on the real estate market, holding Madisonville 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.

Madisonville Home Appreciation Rates

Appreciation rates for homes in Madisonville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.03%, which ranks in the top 40% nationwide. This equates to an annual average Madisonville house appreciation rate of 0.87%.

Over the last year, Madisonville appreciation rates have trailed the rest of the nation. In the last twelve months, Madisonville's appreciation rate has been 2.17%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Madisonville were at 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Kentucky, our data show that Madisonville's latest annual appreciation rate is lower than 70% 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 Madisonville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Madisonville - 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 Madisonville real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Madisonville, KY HOME PRICES

Value Range
> $1,063,000 0.3
$797,001 - $1,063,000 0.1
$531,001 - $797,000 0.5
$425,001 - $531,000 1.0
$319,001 - $425,000 1.1
$212,001 - $319,000 8.1
$106,001 - $212,000 34.5
$53,001 - $106,000 35.9
$0 - $53,000 18.5

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
72.1200046876831 48.8721804511278

Number Of Homes And Apartments:

Madisonville Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
39.92% 1.97% 6 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$778 / per month

Homeownership Rate

Owners 57.52
Renters 42.48
Vacant 13.16

Housing Market Details


Age of Homes

AGE OF Madisonville HOMES
2000 or Newer 7.0
1970 - 1999 46.0
1940 - 1969 34.1
1939 or Older 12.9

Types of Homes

TYPE OF Madisonville HOMES
Single-Family 73.7
Townhomes 2.3
Small Apt. Buildings 10.8
Apt. Complexes 9.4
Mobile Homes 3.8
Other 0.0

Home Size

SIZE OF Madisonville HOMES
No Bedroom 1.48
1 Bedroom 9.51
2 Bedrooms 31.29
3 Bedrooms 43.13
4 Bedrooms 11.43
5 or more bedrooms 3.16