Radcliff, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Radcliff, 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

Radcliff Housing Market Information

With 22,387 people, 8,949 houses or apartments, and a median cost of homes of $115,044, house prices in Radcliff are solidly below the national average.

Single-family detached homes are the single most common housing type in Radcliff, accounting for 51.32% of the city's housing units. Other types of housing that are prevalent in Radcliff include large apartment complexes or high rise apartments ( 20.03%), duplexes, homes converted to apartments or other small apartment buildings ( 12.79%), and a few mobile homes or trailers ( 10.40%).

The most prevalent building size and type in Radcliff are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.31% owning and 51.69% renting.

There is a lot of housing in Radcliff 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 Radcliff built between 2000 and later ( 17.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.86%). There's also some housing in Radcliff built before 1939 ( 1.55%).

Vacant housing appears to be an issue in Radcliff. Fully 14.14% of the housing stock is classified as vacant. Left unchecked, vacant Radcliff homes and apartments can be a drag on the real estate market, holding Radcliff 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.

Radcliff Home Appreciation Rates

Real estate appreciation rates in Radcliff's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

Appreciation rates are so strong in Radcliff that despite a nationwide downturn in the housing market, Radcliff real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Radcliff appreciation rates continue to be some of the highest in America, at 6.29%, which is higher than appreciation rates in 76.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Radcliff. Radcliff appreciation rates in the latest quarter were at 4.06%, which equates to an annual appreciation rate of 17.27%.

Importantly, this makes Radcliff one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Kentucky, our data show that Radcliff's latest annual appreciation rate is higher than 80% 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 Radcliff differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Radcliff - 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 Radcliff real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$115,044

Radcliff, KY HOME PRICES

Value Range
> $1,025,000 0.2
$769,001 - $1,025,000 0.0
$512,001 - $769,000 0.3
$410,001 - $512,000 0.4
$307,001 - $410,000 1.0
$205,001 - $307,000 9.1
$103,001 - $205,000 52.3
$51,001 - $103,000 24.2
$0 - $51,000 12.6

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
68.2409469119888 45.1127819548872

Number Of Homes And Apartments:
8,949

Radcliff 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
30.15% 1.54% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Homeownership
Owners 48.31
Renters 51.69
Vacant 14.14

Housing Market Details

 

Age of Homes

AGE OF Radcliff HOMES
2000 or Newer 18.0
1970 - 1999 62.6
1940 - 1969 17.9
1939 or Older 1.6

Types of Homes

TYPE OF Radcliff HOMES
Single-Family 51.3
Townhomes 5.5
Small Apt. Buildings 12.8
Apt. Complexes 20.0
Mobile Homes 10.4
Other 0.0

Home Size

SIZE OF Radcliff HOMES
No Bedroom 0.98
1 Bedroom 10.38
2 Bedrooms 31.65
3 Bedrooms 40.25
4 Bedrooms 12.58
5 or more bedrooms 4.16