Sandy Hook, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sandy Hook, 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

Sandy Hook Housing Market Information

With 630 people, 242 houses or apartments, and a median cost of homes of $79,333, house prices in Sandy Hook are solidly below the national average.

Single-family detached homes are the single most common housing type in Sandy Hook, accounting for 43.92% of the city's housing units. Other types of housing that are prevalent in Sandy Hook include large apartment complexes or high rise apartments ( 20.72%), mobile homes or trailers ( 20.44%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.71%).

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

There is a lot of housing in Sandy Hook 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 Sandy Hook built between 1940-1969 ( 22.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.22%). There's also some housing in Sandy Hook built before 1939 ( 2.21%).

Vacant housing appears to be an issue in Sandy Hook. Fully 33.15% of the housing stock is classified as vacant. Left unchecked, vacant Sandy Hook homes and apartments can be a drag on the real estate market, holding Sandy Hook 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.

Sandy Hook Home Appreciation Rates

Appreciation rates for homes in Sandy Hook have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.49%, which ranks in the top 30% nationwide. This equates to an annual average Sandy Hook house appreciation rate of 0.91%.

Over the last year, Sandy Hook appreciation rates have trailed the rest of the nation. In the last twelve months, Sandy Hook's appreciation rate has been 2.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sandy Hook were at 0.56%, which equates to an annual appreciation rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$79,333

Sandy Hook, KY HOME PRICES

Value Range
> $1,061,000 3.1
$795,001 - $1,061,000 0.0
$530,001 - $795,000 0.0
$424,001 - $530,000 0.0
$318,001 - $424,000 0.9
$212,001 - $318,000 5.4
$106,001 - $212,000 24.9
$53,001 - $106,000 35.7
$0 - $53,000 29.9

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
90.9088245634595 76.4411027568922

Number Of Homes And Apartments:
242

Sandy Hook 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
33.19% 1.68% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$587 / per month

Homeownership Rate

Homeownership
Owners 36.19
Renters 63.81
Vacant 33.15

Housing Market Details

 

Age of Homes

AGE OF Sandy Hook HOMES
2000 or Newer 10.2
1970 - 1999 64.9
1940 - 1969 22.7
1939 or Older 2.2

Types of Homes

TYPE OF Sandy Hook HOMES
Single-Family 43.9
Townhomes 2.2
Small Apt. Buildings 12.7
Apt. Complexes 20.7
Mobile Homes 20.4
Other 0.0

Home Size

SIZE OF Sandy Hook HOMES
No Bedroom 0.00
1 Bedroom 16.30
2 Bedrooms 41.16
3 Bedrooms 35.36
4 Bedrooms 6.08
5 or more bedrooms 1.10

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Zip Codes in Sandy Hook, KY