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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 3,039 people, 870 houses or apartments, and a median cost of homes of $378,936, Rineyville real estate is some of the most expensive in Kentucky, although Rineyville home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Rineyville, accounting for 76.26% of the town's housing units. Other types of housing that are prevalent in Rineyville include mobile homes or trailers ( 23.74%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rineyville. Owner-occupied housing accounts for 97.24% of Rineyville's homes, and 89.37% have either three or four bedrooms, which is average sized relative to America.
Rineyville homes and real estate are some of the newest in America. 36.84% of Rineyville's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Rineyville real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.85%), and between 1940-1969 ( 21.98%). There's also some housing in Rineyville built before 1939 ( 7.33%).
Vacant housing appears to be an issue in Rineyville. Fully 10.22% of the housing stock is classified as vacant. Left unchecked, vacant Rineyville homes and apartments can be a drag on the real estate market, holding Rineyville 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.
Appreciation rates for homes in Rineyville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.22%, which ranks in the top 50% nationwide. This equates to an annual average Rineyville house appreciation rate of 6.64%.
Appreciation rates are so strong in Rineyville that despite a nationwide downturn in the housing market, Rineyville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rineyville appreciation rates continue to be some of the highest in America, at 12.41%, which is higher than appreciation rates in 75.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rineyville. Rineyville appreciation rates in the latest quarter were at 2.52%, which equates to an annual appreciation rate of 10.49%.
Relative to Kentucky, our data show that Rineyville's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.
$378,936
for Kentucky
for nation
870
$1,507 / per month