Salyersville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Salyersville Neighborhoods Since 2000




Salyersville, 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

Salyersville Housing Market Information

With 1,816 people, 703 houses or apartments, and a median cost of homes of $59,832, house prices in Salyersville 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 Salyersville, accounting for 39.44% of the city's housing units. Other types of housing that are prevalent in Salyersville include mobile homes or trailers ( 35.42%), large apartment complexes or high rise apartments ( 19.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.36%).

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

There is a lot of housing in Salyersville 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 Salyersville built between 2000 and later ( 14.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.08%). There's also some housing in Salyersville built before 1939 ( 14.08%).

Vacant housing appears to be an issue in Salyersville. Fully 21.45% of the housing stock is classified as vacant. Left unchecked, vacant Salyersville homes and apartments can be a drag on the real estate market, holding Salyersville 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.

Salyersville Home Appreciation Rates

Real estate appreciation rates in Salyersville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.21% during the period.

Over the last year, Salyersville appreciation rates have trailed the rest of the nation. In the last twelve months, Salyersville's appreciation rate has been 1.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Salyersville were at 0.56%, which equates to an annual appreciation rate of 2.24%.

Relative to Kentucky, our data show that Salyersville's latest annual appreciation rate is lower than 70% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$59,832

Salyersville, KY HOME PRICES

Value Range
> $1,025,000 0.0
$769,001 - $1,025,000 0.4
$512,001 - $769,000 0.6
$410,001 - $512,000 0.8
$307,001 - $410,000 0.2
$205,001 - $307,000 3.9
$103,001 - $205,000 21.2
$51,001 - $103,000 23.1
$0 - $51,000 49.8

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
98.0839095277159 92.4812030075188

Number Of Homes And Apartments:
703

Salyersville 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
9.42% 0.52% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$614 / per month

Homeownership Rate

Homeownership
Owners 47.72
Renters 52.28
Vacant 21.45

Housing Market Details

 

Age of Homes

AGE OF Salyersville HOMES
2000 or Newer 14.5
1970 - 1999 57.3
1940 - 1969 14.1
1939 or Older 14.1

Types of Homes

TYPE OF Salyersville HOMES
Single-Family 39.4
Townhomes 0.7
Small Apt. Buildings 5.4
Apt. Complexes 19.1
Mobile Homes 35.4
Other 0.0

Home Size

SIZE OF Salyersville HOMES
No Bedroom 0.00
1 Bedroom 15.64
2 Bedrooms 36.76
3 Bedrooms 33.74
4 Bedrooms 9.50
5 or more bedrooms 4.36

Popular Neighborhoods in Salyersville

Zip Codes in Salyersville, KY