Paintsville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Paintsville Neighborhoods Since 2000




Paintsville, KY Real Estate Data


Paintsville Housing Market Information

With 4,249 people, 1,787 houses or apartments, and a median cost of homes of $81,505, house prices in Paintsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Paintsville, accounting for 58.51% of the city's housing units. Other types of housing that are prevalent in Paintsville include large apartment complexes or high rise apartments ( 24.71%), duplexes, homes converted to apartments or other small apartment buildings ( 7.98%), and a few row houses and other attached homes ( 4.91%).

The most prevalent building size and type in Paintsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.68% owning and 49.32% renting.

There is a lot of housing in Paintsville 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 Paintsville built between 1940-1969 ( 29.62%). A lesser amount of the housing stock also hails from before 1939 ( 19.49%). There's also some housing in Paintsville built between 2000 and later ( 3.71%).

Vacant housing appears to be an issue in Paintsville. Fully 18.07% of the housing stock is classified as vacant. Left unchecked, vacant Paintsville homes and apartments can be a drag on the real estate market, holding Paintsville 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.

Paintsville Home Appreciation Rates

Appreciation rates for homes in Paintsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.21%, which ranks in the top 50% nationwide. This equates to an annual average Paintsville house appreciation rate of 0.41%.

Over the last year, Paintsville appreciation rates have trailed the rest of the nation. In the last twelve months, Paintsville's appreciation rate has been 3.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Paintsville were at 1.14%, which equates to an annual appreciation rate of 4.64%.

Relative to Kentucky, our data show that Paintsville's latest annual appreciation rate is lower than 60% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$81,505

Paintsville, KY HOME PRICES

Value Range
> $1,063,000 0.0
$797,001 - $1,063,000 0.0
$532,001 - $797,000 0.0
$425,001 - $532,000 2.7
$319,001 - $425,000 1.4
$213,001 - $319,000 5.1
$106,001 - $213,000 25.6
$53,001 - $106,000 36.4
$0 - $53,000 28.8

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
90.4081513146337 72.4310776942356

Number Of Homes And Apartments:
1,787

Rent & Ownership

 

Average Market Rent:
$654 / per month

Homeownership Rate

Homeownership
Owners 50.68
Renters 49.32
Vacant 18.07

Housing Market Details

 

Age of Homes

AGE OF Paintsville HOMES
2000 or Newer 3.7
1970 - 1999 47.2
1940 - 1969 29.6
1939 or Older 19.5

Types of Homes

TYPE OF Paintsville HOMES
Single-Family 58.5
Townhomes 4.9
Small Apt. Buildings 8.0
Apt. Complexes 24.7
Mobile Homes 3.9
Other 0.0

Home Size

SIZE OF Paintsville HOMES
No Bedroom 4.08
1 Bedroom 10.55
2 Bedrooms 33.52
3 Bedrooms 39.29
4 Bedrooms 10.96
5 or more bedrooms 1.60

Paintsville 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
33.89% 1.73% 5 4
* 10 is highest

Popular Neighborhoods in Paintsville

Zip Codes in Paintsville, KY