Owenton, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Owenton, KY Real Estate Data


Owenton Housing Market Information

With a population of 1,550, 819 total housing units (homes and apartments), and a median house value of $109,601, house prices in Owenton are solidly below the national average.

Single-family detached homes are the single most common housing type in Owenton, accounting for 50.00% of the city's housing units. Other types of housing that are prevalent in Owenton include duplexes, homes converted to apartments or other small apartment buildings ( 26.10%), large apartment complexes or high rise apartments ( 19.18%), and a few mobile homes or trailers ( 3.56%).

People in Owenton primarily live in small (one, two or no bedroom) single-family detached homes. Owenton has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Owenton 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 Owenton built between 1940-1969 ( 31.45%). A lesser amount of the housing stock also hails from before 1939 ( 16.98%). There's also some housing in Owenton built between 2000 and later ( 4.61%).

Vacant housing appears to be an issue in Owenton. Fully 14.15% of the housing stock is classified as vacant. Left unchecked, vacant Owenton homes and apartments can be a drag on the real estate market, holding Owenton 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.

Owenton Home Appreciation Rates

Appreciation rates for homes in Owenton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.74%, which ranks in the top 50% nationwide. This equates to an annual average Owenton house appreciation rate of 0.65%.

Over the last year, Owenton appreciation rates have trailed the rest of the nation. In the last twelve months, Owenton's appreciation rate has been 2.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Owenton were at 1.14%, which equates to an annual appreciation rate of 4.64%.

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

Average Home Values

 

Median Home Value:
$109,601

Owenton, KY HOME PRICES

Value Range
> $1,072,000 0.3
$804,001 - $1,072,000 0.0
$536,001 - $804,000 0.0
$429,001 - $536,000 0.0
$322,001 - $429,000 4.4
$214,001 - $322,000 10.3
$107,001 - $214,000 36.0
$54,001 - $107,000 32.8
$0 - $54,000 16.2

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
72.7118346313755 47.6190476190476

Number Of Homes And Apartments:
819

Rent & Ownership

 

Average Market Rent:
$680 / per month

Homeownership Rate

Homeownership
Owners 37.22
Renters 62.78
Vacant 14.15

Housing Market Details

 

Age of Homes

AGE OF Owenton HOMES
2000 or Newer 4.6
1970 - 1999 47.0
1940 - 1969 31.4
1939 or Older 17.0

Types of Homes

TYPE OF Owenton HOMES
Single-Family 50.0
Townhomes 0.7
Small Apt. Buildings 26.1
Apt. Complexes 19.2
Mobile Homes 3.6
Other 0.4

Home Size

SIZE OF Owenton HOMES
No Bedroom 1.36
1 Bedroom 27.67
2 Bedrooms 27.46
3 Bedrooms 40.15
4 Bedrooms 2.94
5 or more bedrooms 0.42

Owenton 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
44.54% 2.19% 7 5
* 10 is highest

Popular Neighborhoods in Owenton

Zip Codes in Owenton, KY