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 about Scout's Real Estate Data
With 60,140 people, 25,181 houses or apartments, and a median cost of homes of $219,979, house prices in Owensboro are solidly below the national average.
Single-family detached homes are the single most common housing type in Owensboro, accounting for 68.92% of the city's housing units. Other types of housing that are prevalent in Owensboro include large apartment complexes or high rise apartments ( 14.96%), duplexes, homes converted to apartments or other small apartment buildings ( 12.78%), and a few row houses and other attached homes ( 1.71%).
The most prevalent building size and type in Owensboro are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.98% owning and 46.02% renting.
There is a lot of housing in Owensboro 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 Owensboro built between 1940-1969 ( 37.42%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.42%). There's also some housing in Owensboro built before 1939 ( 9.13%).
Real estate appreciation rates in Owensboro's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.21% during the period.
Appreciation rates are so strong in Owensboro that despite a nationwide downturn in the housing market, Owensboro real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Owensboro appreciation rates continue to be some of the highest in America, at 9.99%, which is higher than appreciation rates in 80.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Owensboro. Owensboro appreciation rates in the latest quarter were at 3.98%, which equates to an annual appreciation rate of 16.90%.
Importantly, NeighborhoodScout’s exclusive research found that Owensboro's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Kentucky, our data show that Owensboro's latest annual appreciation rate is higher than 90% 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 Owensboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Owensboro - 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 Owensboro real estate investment or home purchase decisions.
$219,979
for Kentucky
for nation
25,181
$1,488 / per month