Middlesborough, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Middlesborough Neighborhoods Since 2000




Middlesborough, 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

Middlesborough Housing Market Information

With 9,710 people, 4,145 houses or apartments, and a median cost of homes of $72,174, house prices in Middlesborough 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 Middlesborough, accounting for 57.61% 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 ( 16.39%), mobile homes or trailers ( 13.20%), and a few large apartment complexes or high rise apartments ( 12.47%).

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.

There is a lot of housing in Middlesborough 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 Middlesborough built between 1940-1969 ( 40.05%). A lesser amount of the housing stock also hails from before 1939 ( 12.13%). There's also some housing in Middlesborough built between 2000 and later ( 6.54%).

Vacant housing appears to be an issue in Middlesborough. Fully 13.45% 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 -0.07% 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 1.66%, 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 0.56%, which equates to an annual appreciation rate of 2.24%.

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:
$72,174

Middlesborough, KY HOME PRICES

Value Range
> $1,036,000 0.1
$777,001 - $1,036,000 0.0
$518,001 - $777,000 0.3
$415,001 - $518,000 0.3
$311,001 - $415,000 0.6
$207,001 - $311,000 6.0
$104,001 - $207,000 24.2
$52,001 - $104,000 40.4
$0 - $52,000 28.0

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
94.3308332356733 82.9573934837093

Number Of Homes And Apartments:
4,145

Middlesborough 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
33.35% 1.68% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$695 / per month

Homeownership Rate

Homeownership
Owners 52.22
Renters 47.78
Vacant 13.45

Housing Market Details

 

Age of Homes

AGE OF Middlesborough HOMES
2000 or Newer 6.5
1970 - 1999 41.3
1940 - 1969 40.1
1939 or Older 12.1

Types of Homes

TYPE OF Middlesborough HOMES
Single-Family 57.6
Townhomes 0.3
Small Apt. Buildings 16.4
Apt. Complexes 12.5
Mobile Homes 13.2
Other 0.0

Home Size

SIZE OF Middlesborough HOMES
No Bedroom 0.65
1 Bedroom 9.27
2 Bedrooms 40.49
3 Bedrooms 37.69
4 Bedrooms 8.14
5 or more bedrooms 3.76

Popular Neighborhoods in Middlesborough

Zip Codes in Middlesborough, KY