New Haven, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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New Haven, KY Real Estate Data


New Haven Housing Market Information

With a population of 887, 354 total housing units (homes and apartments), and a median house value of $108,533, house prices in New Haven are solidly below the national average.

Single-family detached homes are the single most common housing type in New Haven, accounting for 83.22% of the city's housing units. Other types of housing that are prevalent in New Haven include large apartment complexes or high rise apartments ( 12.53%), duplexes, homes converted to apartments or other small apartment buildings ( 2.60%), and a few mobile homes or trailers ( 1.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in New Haven. Owner-occupied housing accounts for 65.82% of New Haven's homes, and 59.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in New Haven 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 New Haven built between 1940-1969 ( 30.97%). A lesser amount of the housing stock also hails from before 1939 ( 18.68%). There's also some housing in New Haven built between 2000 and later ( 6.15%).

Vacant housing appears to be an issue in New Haven. Fully 16.31% of the housing stock is classified as vacant. Left unchecked, vacant New Haven homes and apartments can be a drag on the real estate market, holding New Haven 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.

New Haven Home Appreciation Rates

Appreciation rates for homes in New Haven have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.30%, which ranks in the top 40% nationwide. This equates to an annual average New Haven house appreciation rate of 1.08%.

Over the last year, New Haven appreciation rates have trailed the rest of the nation. In the last twelve months, New Haven's appreciation rate has been 2.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in New Haven were at 1.14%, which equates to an annual appreciation rate of 4.64%.

Relative to Kentucky, our data show that New Haven's latest annual appreciation rate is lower than 70% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$108,533

New Haven, KY HOME PRICES

Value Range
> $1,104,000 0.7
$828,001 - $1,104,000 0.0
$552,001 - $828,000 0.0
$442,001 - $552,000 1.1
$331,001 - $442,000 1.6
$221,001 - $331,000 8.3
$111,001 - $221,000 36.2
$55,001 - $111,000 38.3
$0 - $55,000 13.8

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
73.3618317034608 47.8696741854637

Number Of Homes And Apartments:
354

Rent & Ownership

 

Average Market Rent:
$708 / per month

Homeownership Rate

Homeownership
Owners 65.82
Renters 34.18
Vacant 16.31

Housing Market Details

 

Age of Homes

AGE OF New Haven HOMES
2000 or Newer 6.1
1970 - 1999 44.2
1940 - 1969 31.0
1939 or Older 18.7

Types of Homes

TYPE OF New Haven HOMES
Single-Family 83.2
Townhomes 0.0
Small Apt. Buildings 2.6
Apt. Complexes 12.5
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF New Haven HOMES
No Bedroom 0.00
1 Bedroom 12.53
2 Bedrooms 26.95
3 Bedrooms 44.68
4 Bedrooms 15.13
5 or more bedrooms 0.71

New Haven 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
43.03% 2.13% 7 5
* 10 is highest

Popular Neighborhoods in New Haven

Zip Codes in New Haven, KY