Paducah, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Paducah Neighborhoods Since 2000




Paducah, KY Real Estate Data


Paducah Housing Market Information

With 24,864 people, 11,306 houses or apartments, and a median cost of homes of $78,601, house prices in Paducah are solidly below the national average.

Single-family detached homes are the single most common housing type in Paducah, accounting for 64.30% of the city's housing units. Other types of housing that are prevalent in Paducah include large apartment complexes or high rise apartments ( 17.10%), duplexes, homes converted to apartments or other small apartment buildings ( 13.64%), and a few row houses and other attached homes ( 2.59%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Paducah's housing was primarily built during this period, from the '40s through the '60s. A full 46.68% of the city's housing hails from this era. Other housing ages represented in Paducah include homes built between 1970-1999 ( 29.11%) and housing constructed before 1939 ( 15.37%). There's also some housing in Paducah built between 2000 and later ( 8.84%).

Vacant housing appears to be an issue in Paducah. Fully 13.60% of the housing stock is classified as vacant. Left unchecked, vacant Paducah homes and apartments can be a drag on the real estate market, holding Paducah 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.

Paducah Home Appreciation Rates

Appreciation rates for homes in Paducah have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.50%, which ranks in the top 40% nationwide. This equates to an annual average Paducah house appreciation rate of 0.82%.

NeighborhoodScout's data show that during the latest twelve months, Paducah's appreciation rate, at 3.37%, has been at or slightly above the national average. In the latest quarter, Paducah's appreciation rate has been 0.50%, which annualizes to a rate of 2.03%.

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

Average Home Values

 

Median Home Value:
$78,601

Paducah, KY HOME PRICES

Value Range
> $1,050,000 0.7
$787,001 - $1,050,000 0.4
$525,001 - $787,000 0.9
$420,001 - $525,000 1.8
$315,001 - $420,000 4.4
$210,001 - $315,000 8.6
$105,001 - $210,000 24.7
$52,001 - $105,000 34.2
$0 - $52,000 23.9

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
91.146138521036 76.9423558897243

Number Of Homes And Apartments:
11,306

Rent & Ownership

 

Average Market Rent:
$820 / per month

Homeownership Rate

Homeownership
Owners 49.26
Renters 50.74
Vacant 13.60

Housing Market Details

 

Age of Homes

AGE OF Paducah HOMES
2000 or Newer 8.8
1970 - 1999 29.1
1940 - 1969 46.7
1939 or Older 15.4

Types of Homes

TYPE OF Paducah HOMES
Single-Family 64.3
Townhomes 2.6
Small Apt. Buildings 13.6
Apt. Complexes 17.1
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Paducah HOMES
No Bedroom 2.88
1 Bedroom 15.43
2 Bedrooms 34.33
3 Bedrooms 35.69
4 Bedrooms 9.48
5 or more bedrooms 2.19

Paducah 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
35.35% 1.77% 5 4
* 10 is highest