Middletown, KY Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Middletown, KY Housing Market Trends

With 7,877 people, 3,601 houses or apartments, and a median cost of homes of $252,321, Middletown real estate is some of the most expensive in Kentucky, although Middletown home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Middletown, accounting for 51.67% of the city's housing units. Other types of housing that are prevalent in Middletown include large apartment complexes or high rise apartments ( 34.88%), row houses and other attached homes ( 6.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.76%).

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

There is a lot of housing in Middletown 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 Middletown built between 2000 and later ( 34.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.18%). There's also some housing in Middletown built before 1939 ( 2.88%).

Middletown Home Appreciation Rates

Appreciation rates for homes in Middletown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 33.48%, which ranks in the top 50% nationwide. This equates to an annual average Middletown house appreciation rate of 2.93%.

NeighborhoodScout's data show that during the latest twelve months, Middletown's appreciation rate, at 5.17%, has been at or slightly above the national average. In the latest quarter, Middletown's appreciation rate has been 1.91%, which annualizes to a rate of 7.85%.

Relative to Kentucky, our data show that Middletown's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.

Average Home Values

 
info

Median Home Value:
$252,321

Middletown, KY HOME PRICES

> $1,158,000
1.0%
1.0%
$868,001 - $1,158,000
1.0%
1.0%
$579,001 - $868,000
2.4%
2.4%
$463,001 - $579,000
5.2%
5.2%
$347,001 - $463,000
17.0%
17.0%
$232,001 - $347,000
35.1%
35.1%
$116,001 - $232,000
34.9%
34.9%
$58,001 - $116,000
3.3%
3.3%
$0 - $58,000
0.0%
0.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for KY

Value Relative To Nation

Number Of Homes And Apartments:
3,601

Middletown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
65.88% 2.44%
6
5
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,651 / per month

Homeownership Rate

Owners
62.0%
62.0%
Renters
38.0%
38.0%
Vacant
3.9%
3.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
34.3%
34.3%
1970 - 1999
42.6%
42.6%
1940 - 1969
20.2%
20.2%
1939 or Older
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
51.7%
51.7%
Townhomes
6.5%
6.5%
Small Apt. Buildings
5.8%
5.8%
Apt. Complexes
34.9%
34.9%
Mobile Homes
0.0%
0.0%
Other
1.2%
1.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.4%
4.4%
1 Bedroom
10.9%
10.9%
2 Bedrooms
35.1%
35.1%
3 Bedrooms
33.6%
33.6%
4 Bedrooms
14.6%
14.6%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES