McKee, KY


Highest Appreciating McKee Neighborhoods Since 2000

McKee, 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

McKee Housing Market Information

With 789 people, 424 houses or apartments, and a median cost of homes of $70,387, house prices in McKee are some of the most affordable in Kentucky as well as the nation.

Large apartment complexes or high rise apartments are the single most common housing type in McKee, accounting for 36.21% of the city's housing units. Other types of housing that are prevalent in McKee include duplexes, homes converted to apartments or other small apartment buildings ( 29.63%), single-family detached homes ( 24.69%), and a few mobile homes or trailers ( 8.44%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

McKee is dominated by renter-occupied one, two, or no bedrooms apartments. 81.88% of McKee's dwellings are rentals.

There is a lot of housing in McKee 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 McKee built between 1940-1969 ( 14.20%). A lesser amount of the housing stock also hails from before 1939 ( 5.35%). There's also some housing in McKee built between 2000 and later ( 3.29%).

Vacant housing appears to be an issue in McKee. Fully 12.76% of the housing stock is classified as vacant. Left unchecked, vacant McKee homes and apartments can be a drag on the real estate market, holding McKee 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.

McKee Home Appreciation Rates

Appreciation rates for homes in McKee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 2.62%, which ranks in the top 50% nationwide. This equates to an annual average McKee house appreciation rate of 0.26%.

Over the last year, McKee appreciation rates have trailed the rest of the nation. In the last twelve months, McKee's appreciation rate has been 1.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McKee were at 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values


Median Home Value:


Value Range
> $1,054,000 0.0
$791,001 - $1,054,000 0.0
$527,001 - $791,000 0.0
$422,001 - $527,000 0.0
$316,001 - $422,000 3.0
$211,001 - $316,000 1.4
$106,001 - $211,000 32.6
$53,001 - $106,000 30.0
$0 - $53,000 33.1

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
95.1189499589828 85.4636591478697

Number Of Homes And Apartments:

McKee 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
44.61% 2.16% 8 5
* 10 is highest

Rent & Ownership


Average Market Rent:
$660 / per month

Homeownership Rate

Owners 18.12
Renters 81.88
Vacant 12.76

Housing Market Details


Age of Homes

2000 or Newer 3.3
1970 - 1999 77.2
1940 - 1969 14.2
1939 or Older 5.3

Types of Homes

Single-Family 24.7
Townhomes 1.0
Small Apt. Buildings 29.6
Apt. Complexes 36.2
Mobile Homes 8.4
Other 0.0

Home Size

No Bedroom 6.58
1 Bedroom 24.49
2 Bedrooms 41.98
3 Bedrooms 17.90
4 Bedrooms 6.17
5 or more bedrooms 2.88

Popular Neighborhoods in McKee

Zip Codes in McKee, KY