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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Mount Washington HOMES|
|2000 or Newer||46.9|
|1970 - 1999||42.9|
|1940 - 1969||7.6|
|1939 or Older||2.6|
|TYPE OF Mount Washington HOMES|
|Small Apt. Buildings||3.0|
|SIZE OF Mount Washington HOMES|
|5 or more bedrooms||3.03|