Pineville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pineville Neighborhoods Since 2000




Pineville, 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

Pineville Housing Market Information

With 1,762 people, 728 houses or apartments, and a median cost of homes of $58,569, house prices in Pineville are some of the most affordable in Kentucky as well as the nation.

Single-family detached homes are the single most common housing type in Pineville, accounting for 52.29% of the city's housing units. Other types of housing that are prevalent in Pineville include large apartment complexes or high rise apartments ( 21.50%), duplexes, homes converted to apartments or other small apartment buildings ( 19.04%), and a few mobile homes or trailers ( 7.17%).

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

There is a lot of housing in Pineville 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 Pineville built between 1940-1969 ( 37.37%). A lesser amount of the housing stock also hails from before 1939 ( 20.68%).

Vacant housing appears to be an issue in Pineville. Fully 14.45% of the housing stock is classified as vacant. Left unchecked, vacant Pineville homes and apartments can be a drag on the real estate market, holding Pineville 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.

Pineville Home Appreciation Rates

Real estate appreciation rates in Pineville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.73% during the period.

Over the last year, Pineville appreciation rates have trailed the rest of the nation. In the last twelve months, Pineville's appreciation rate has been 1.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pineville were at 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Kentucky, our data show that Pineville's latest annual appreciation rate is lower than 80% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$58,569

Pineville, KY HOME PRICES

Value Range
> $1,023,000 0.1
$767,001 - $1,023,000 0.0
$512,001 - $767,000 0.0
$409,001 - $512,000 0.0
$307,001 - $409,000 1.5
$204,001 - $307,000 4.8
$102,001 - $204,000 19.2
$51,001 - $102,000 29.0
$0 - $51,000 45.4

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
98.3358724950193 92.9824561403509

Number Of Homes And Apartments:
728

Pineville 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
19.52% 1.04% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$581 / per month

Homeownership Rate

Homeownership
Owners 40.37
Renters 59.63
Vacant 14.45

Housing Market Details

 

Age of Homes

AGE OF Pineville HOMES
2000 or Newer 0.6
1970 - 1999 41.4
1940 - 1969 37.4
1939 or Older 20.7

Types of Homes

TYPE OF Pineville HOMES
Single-Family 52.3
Townhomes 0.0
Small Apt. Buildings 19.0
Apt. Complexes 21.5
Mobile Homes 7.2
Other 0.0

Home Size

SIZE OF Pineville HOMES
No Bedroom 7.99
1 Bedroom 21.62
2 Bedrooms 26.32
3 Bedrooms 26.79
4 Bedrooms 13.04
5 or more bedrooms 4.23