Scottsville, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Scottsville Neighborhoods Since 2000




Scottsville, 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

Scottsville Housing Market Information

With 4,411 people, 1,706 houses or apartments, and a median cost of homes of $115,910, house prices in Scottsville are solidly below the national average.

Single-family detached homes are the single most common housing type in Scottsville, accounting for 72.97% of the city's housing units. Other types of housing that are prevalent in Scottsville include large apartment complexes or high rise apartments ( 11.19%), mobile homes or trailers ( 8.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.54%).

The most prevalent building size and type in Scottsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.70% owning and 49.30% renting.

There is a lot of housing in Scottsville 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 Scottsville built between 1940-1969 ( 26.51%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.90%). There's also some housing in Scottsville built before 1939 ( 11.76%).

Vacant housing appears to be an issue in Scottsville. Fully 19.11% of the housing stock is classified as vacant. Left unchecked, vacant Scottsville homes and apartments can be a drag on the real estate market, holding Scottsville 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.

Scottsville Home Appreciation Rates

Appreciation rates for homes in Scottsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.12%, which ranks in the top 40% nationwide. This equates to an annual average Scottsville house appreciation rate of 0.60%.

Over the last year, Scottsville appreciation rates have trailed the rest of the nation. In the last twelve months, Scottsville's appreciation rate has been 2.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Scottsville were at -2.64%, which equates to an annual appreciation rate of -10.16%.

Notably, Scottsville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kentucky, our data show that Scottsville's latest annual appreciation rate is lower than 60% 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 Scottsville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Scottsville - 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 Scottsville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$115,910

Scottsville, KY HOME PRICES

Value Range
> $1,086,000 0.0
$814,001 - $1,086,000 0.0
$543,001 - $814,000 0.0
$434,001 - $543,000 3.3
$326,001 - $434,000 2.3
$217,001 - $326,000 8.4
$108,001 - $217,000 33.0
$54,001 - $108,000 35.9
$0 - $54,000 17.1

Average for KY
Low for Nation

Value Relative to Nation Value Relative to State
67.7663189968358 44.1102756892231

Number Of Homes And Apartments:
1,706

Scottsville 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
31.26% 1.59% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$754 / per month

Homeownership Rate

Homeownership
Owners 50.70
Renters 49.30
Vacant 19.11

Housing Market Details

 

Age of Homes

AGE OF Scottsville HOMES
2000 or Newer 12.9
1970 - 1999 48.8
1940 - 1969 26.5
1939 or Older 11.8

Types of Homes

TYPE OF Scottsville HOMES
Single-Family 73.0
Townhomes 0.0
Small Apt. Buildings 7.5
Apt. Complexes 11.2
Mobile Homes 8.3
Other 0.0

Home Size

SIZE OF Scottsville HOMES
No Bedroom 2.94
1 Bedroom 6.16
2 Bedrooms 37.51
3 Bedrooms 32.95
4 Bedrooms 13.75
5 or more bedrooms 6.69