Nicholasville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Nicholasville, KY Real Estate Data


Nicholasville Housing Market Information

With a population of 29,754, 10,923 total housing units (homes and apartments), and a median house value of $145,194, Nicholasville 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 Nicholasville, accounting for 70.07% of the city's housing units. Other types of housing that are prevalent in Nicholasville include duplexes, homes converted to apartments or other small apartment buildings ( 11.76%), row houses and other attached homes ( 9.72%), and a few large apartment complexes or high rise apartments ( 7.29%).

The most prevalent building size and type in Nicholasville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.16% owning and 44.84% renting.

There is a lot of housing in Nicholasville 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 Nicholasville built between 2000 and later ( 29.90%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.54%). There's also some housing in Nicholasville built before 1939 ( 2.29%).

Nicholasville Home Appreciation Rates

Real estate appreciation rates in Nicholasville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.06% during the period.

NeighborhoodScout's data show that during the latest twelve months, Nicholasville's appreciation rate, at 3.84%, has been at or slightly above the national average. In the latest quarter, Nicholasville's appreciation rate has been 0.32%, which annualizes to a rate of 1.27%.

Relative to Kentucky, our data show that Nicholasville's latest annual appreciation rate is higher than 50% 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 Nicholasville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Nicholasville - 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 Nicholasville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$145,194

Nicholasville, KY HOME PRICES

Value Range
> $1,071,000 0.1
$804,001 - $1,071,000 0.0
$536,001 - $804,000 1.2
$428,001 - $536,000 1.0
$321,001 - $428,000 2.0
$214,001 - $321,000 12.1
$107,001 - $214,000 60.2
$53,001 - $107,000 19.7
$0 - $53,000 3.6

High for KY
Average for Nation

Value Relative to Nation Value Relative to State
51.7520215633423 22.5563909774436

Number Of Homes And Apartments:
10,923

Rent & Ownership

 

Average Market Rent:
$958 / per month

Homeownership Rate

Homeownership
Owners 55.16
Renters 44.84
Vacant 6.39

Housing Market Details

 

Age of Homes

AGE OF Nicholasville HOMES
2000 or Newer 29.9
1970 - 1999 55.3
1940 - 1969 12.5
1939 or Older 2.3

Types of Homes

TYPE OF Nicholasville HOMES
Single-Family 70.1
Townhomes 9.7
Small Apt. Buildings 11.8
Apt. Complexes 7.3
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Nicholasville HOMES
No Bedroom 0.19
1 Bedroom 3.94
2 Bedrooms 22.05
3 Bedrooms 58.51
4 Bedrooms 12.93
5 or more bedrooms 2.37

Nicholasville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
22.91% 1.20% 2 2
* 10 is highest