New Haven, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating New Haven Neighborhoods Since 2000




New Haven, 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

New Haven Housing Market Information

With a population of 887, 302 total housing units (homes and apartments), and a median house value of $103,100, 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 80.73% of the city's housing units. Other types of housing that are prevalent in New Haven include large apartment complexes or high rise apartments ( 16.76%), mobile homes or trailers ( 1.68%).

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 65.56% of New Haven's homes, and 62.85% 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 ( 29.05%). A lesser amount of the housing stock also hails from before 1939 ( 18.72%). There's also some housing in New Haven built between 2000 and later ( 7.82%).

Vacant housing appears to be an issue in New Haven. Fully 15.64% 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

Real estate appreciation rates in New Haven's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.29% during the period.

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 -2.21%, 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 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Kentucky, our data show that New Haven's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$103,100

New Haven, KY HOME PRICES

Value Range
> $1,006,000 0.9
$755,001 - $1,006,000 0.0
$503,001 - $755,000 0.0
$402,001 - $503,000 0.8
$302,001 - $402,000 1.9
$201,001 - $302,000 13.9
$101,001 - $201,000 33.9
$50,001 - $101,000 35.8
$0 - $50,000 12.9

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
75.5947497949139 54.6365914786967

Number Of Homes And Apartments:
302

New Haven 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
28.32% 1.46% 3 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 65.56
Renters 34.44
Vacant 15.64

Housing Market Details

 

Age of Homes

AGE OF New Haven HOMES
2000 or Newer 7.8
1970 - 1999 44.4
1940 - 1969 29.1
1939 or Older 18.7

Types of Homes

TYPE OF New Haven HOMES
Single-Family 80.7
Townhomes 0.0
Small Apt. Buildings 0.8
Apt. Complexes 16.8
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF New Haven HOMES
No Bedroom 0.00
1 Bedroom 4.75
2 Bedrooms 30.45
3 Bedrooms 46.65
4 Bedrooms 16.20
5 or more bedrooms 1.96

Popular Neighborhoods in New Haven

Zip Codes in New Haven, KY