Middlesborough, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Middlesborough, KY Real Estate Data


Middlesborough Housing Market Information

With 9,710 people, 4,215 houses or apartments, and a median cost of homes of $76,854, house prices in Middlesborough are solidly below the national average.

Single-family detached homes are the single most common housing type in Middlesborough, accounting for 59.40% of the city's housing units. Other types of housing that are prevalent in Middlesborough include duplexes, homes converted to apartments or other small apartment buildings ( 14.78%), mobile homes or trailers ( 14.33%), and a few large apartment complexes or high rise apartments ( 11.08%).

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

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. Middlesborough's housing was primarily built during this period, from the '40s through the '60s. A full 42.22% of the city's housing hails from this era. Other housing ages represented in Middlesborough include homes built between 1970-1999 ( 37.92%) and housing constructed before 1939 ( 13.69%). There's also some housing in Middlesborough built between 2000 and later ( 6.17%).

Vacant housing appears to be an issue in Middlesborough. Fully 13.36% of the housing stock is classified as vacant. Left unchecked, vacant Middlesborough homes and apartments can be a drag on the real estate market, holding Middlesborough 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.

Middlesborough Home Appreciation Rates

Real estate appreciation rates in Middlesborough's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.25% during the period.

Over the last year, Middlesborough appreciation rates have trailed the rest of the nation. In the last twelve months, Middlesborough's appreciation rate has been 2.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Middlesborough were at 1.14%, which equates to an annual appreciation rate of 4.64%.

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

Average Home Values

 

Median Home Value:
$76,854

Middlesborough, KY HOME PRICES

Value Range
> $1,053,000 0.0
$790,001 - $1,053,000 0.1
$527,001 - $790,000 0.4
$422,001 - $527,000 0.3
$316,001 - $422,000 0.7
$211,001 - $316,000 5.9
$105,001 - $211,000 23.5
$53,001 - $105,000 40.4
$0 - $53,000 28.8

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
92.7680505943667 78.4461152882206

Number Of Homes And Apartments:
4,215

Rent & Ownership

 

Average Market Rent:
$675 / per month

Homeownership Rate

Homeownership
Owners 53.87
Renters 46.13
Vacant 13.36

Housing Market Details

 

Age of Homes

AGE OF Middlesborough HOMES
2000 or Newer 6.2
1970 - 1999 37.9
1940 - 1969 42.2
1939 or Older 13.7

Types of Homes

TYPE OF Middlesborough HOMES
Single-Family 59.4
Townhomes 0.4
Small Apt. Buildings 14.8
Apt. Complexes 11.1
Mobile Homes 14.3
Other 0.0

Home Size

SIZE OF Middlesborough HOMES
No Bedroom 1.44
1 Bedroom 9.21
2 Bedrooms 41.21
3 Bedrooms 37.55
4 Bedrooms 6.37
5 or more bedrooms 4.21

Middlesborough Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
30.36% 1.57% 4 3
* 10 is highest

Popular Neighborhoods in Middlesborough

Zip Codes in Middlesborough, KY