Mount Washington, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mount Washington Neighborhoods Since 2000




Mount Washington, 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

Mount Washington Housing Market Information

With 14,028 people, 5,260 houses or apartments, and a median cost of homes of $161,670, Mount Washington real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Mount Washington, accounting for 76.26% of the city's housing units. Other types of housing that are prevalent in Mount Washington include large apartment complexes or high rise apartments ( 11.91%), row houses and other attached homes ( 7.50%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Washington. Owner-occupied housing accounts for 83.81% of Mount Washington's homes, and 72.30% have either three or four bedrooms, which is average sized relative to America.

Mount Washington homes and real estate are some of the newest in America. 46.89% of Mount Washington's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Mount Washington real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 42.93%), and between 1940-1969 ( 7.57%). There's also some housing in Mount Washington built before 1939 ( 2.60%).

Mount Washington Home Appreciation Rates

Appreciation rates for homes in Mount Washington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.07%, which ranks in the top 40% nationwide. This equates to an annual average Mount Washington house appreciation rate of 0.78%.

NeighborhoodScout's data show that during the latest twelve months, Mount Washington's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Mount Washington's appreciation rate has been 1.69%, which annualizes to a rate of 6.95%.

Importantly, this makes Mount Washington one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kentucky, our data show that Mount Washington's latest annual appreciation rate is higher than 80% 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 Mount Washington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Washington - 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 Mount Washington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$161,670

Mount Washington, KY HOME PRICES

Value Range
> $1,113,000 0.1
$835,001 - $1,113,000 0.0
$556,001 - $835,000 0.7
$445,001 - $556,000 0.7
$334,001 - $445,000 6.7
$223,001 - $334,000 20.1
$111,001 - $223,000 57.1
$56,001 - $111,000 8.2
$0 - $56,000 6.3

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
44.954881050041 17.2932330827068

Number Of Homes And Apartments:
5,260

Mount Washington 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
27.23% 1.41% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$914 / per month

Homeownership Rate

Homeownership
Owners 83.81
Renters 16.19
Vacant 6.26

Housing Market Details

 

Age of Homes

AGE OF Mount Washington HOMES
2000 or Newer 46.9
1970 - 1999 42.9
1940 - 1969 7.6
1939 or Older 2.6

Types of Homes

TYPE OF Mount Washington HOMES
Single-Family 76.3
Townhomes 7.5
Small Apt. Buildings 3.0
Apt. Complexes 11.9
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Mount Washington HOMES
No Bedroom 0.14
1 Bedroom 3.39
2 Bedrooms 21.14
3 Bedrooms 58.42
4 Bedrooms 13.88
5 or more bedrooms 3.03