Owenton, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Owenton Neighborhoods Since 2000




Owenton, 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

Owenton Housing Market Information

With 1,550 people, 774 houses or apartments, and a median cost of homes of $104,282, 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 51.91% 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 ( 24.21%), large apartment complexes or high rise apartments ( 20.38%), and a few mobile homes or trailers ( 3.04%).

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 ( 28.72%). A lesser amount of the housing stock also hails from before 1939 ( 15.77%). There's also some housing in Owenton built between 2000 and later ( 5.63%).

Vacant housing appears to be an issue in Owenton. Fully 12.84% 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 1.57%, which ranks in the top 50% nationwide. This equates to an annual average Owenton house appreciation rate of 0.16%.

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 2.11%, 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 0.56%, which equates to an annual appreciation rate of 2.24%.

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:
$104,282

Owenton, KY HOME PRICES

Value Range
> $1,052,000 0.0
$789,001 - $1,052,000 0.0
$526,001 - $789,000 0.0
$421,001 - $526,000 0.0
$315,001 - $421,000 4.2
$210,001 - $315,000 6.8
$105,001 - $210,000 33.8
$52,001 - $105,000 41.4
$0 - $52,000 13.7

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
74.7333880229696 53.3834586466165

Number Of Homes And Apartments:
774

Owenton 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
39.58% 1.95% 6 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$703 / per month

Homeownership Rate

Homeownership
Owners 35.13
Renters 64.87
Vacant 12.84

Housing Market Details

 

Age of Homes

AGE OF Owenton HOMES
2000 or Newer 5.6
1970 - 1999 49.9
1940 - 1969 28.7
1939 or Older 15.8

Types of Homes

TYPE OF Owenton HOMES
Single-Family 51.9
Townhomes 0.5
Small Apt. Buildings 24.2
Apt. Complexes 20.4
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Owenton HOMES
No Bedroom 1.69
1 Bedroom 29.17
2 Bedrooms 27.93
3 Bedrooms 36.71
4 Bedrooms 4.28
5 or more bedrooms 0.23

Popular Neighborhoods in Owenton

Zip Codes in Owenton, KY