Scottsville, KY Housing Market Trends
With a population of 4,533, 1,773 total housing units (homes and apartments), and a median house value of $300,044, Scottsville real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Scottsville, accounting for 68.38% of the city's housing units. Other types of housing that are prevalent in Scottsville include large apartment complexes or high rise apartments ( 17.63%), duplexes, homes converted to apartments or other small apartment buildings ( 6.49%), and a few mobile homes or trailers ( 5.76%).
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 46.88% owning and 53.12% 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 ( 38.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.88%). There's also some housing in Scottsville built before 1939 ( 5.96%).
Vacant housing appears to be an issue in Scottsville. Fully 14.14% 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 110.28%, which ranks in the top 30% nationwide. This equates to an annual average Scottsville house appreciation rate of 7.72%.
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 5.76%, 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 2.90%, which equates to an annual appreciation rate of 12.13%.
Importantly, this makes Scottsville 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 Scottsville's latest annual appreciation rate is lower than 90% 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.
Median Home Value
$300,044
Very High
for Kentucky
Average
for nation
Number of Homes And Apartments:
1,773
KY
America
2024 Q3 - 2024 Q4
2023 Q4 - 2024 Q4
2022 Q4 - 2024 Q4
2019 Q4 - 2024 Q4
2014 Q4 - 2024 Q4
2000 Q1 - 2024 Q4
Average Market Rent:
$1,081 / per month