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 a population of 778, 299 total housing units (homes and apartments), and a median house value of $299,209, Smiths Grove real estate is some of the most expensive in Kentucky, although Smiths Grove home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Smiths Grove, accounting for 97.76% of the city's housing units. Other types of housing that are prevalent in Smiths Grove include mobile homes or trailers ( 1.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Smiths Grove. Owner-occupied housing accounts for 77.26% of Smiths Grove's homes, and 71.79% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Smiths Grove 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 Smiths Grove built before 1939 ( 37.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.99%). There's also some housing in Smiths Grove built between 2000 and later ( 6.73%).
Appreciation rates for homes in Smiths Grove have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.06%, which ranks in the top 40% nationwide. This equates to an annual average Smiths Grove house appreciation rate of 6.85%.
NeighborhoodScout's data show that during the latest twelve months, Smiths Grove's appreciation rate, at 6.39%, has been at or slightly above the national average. In the latest quarter, Smiths Grove's appreciation rate has been -2.32%, which annualizes to a rate of -8.95%.
Notably, Smiths Grove's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Kentucky, our data show that Smiths Grove's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.
$299,209
for Kentucky
for nation
299
$1,673 / per month