St. Matthews, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating St. Matthews Neighborhoods Since 2000




St. Matthews, 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

St. Matthews Housing Market Information

With a population of 18,025, 8,808 total housing units (homes and apartments), and a median house value of $238,462, St. Matthews real estate is some of the most expensive in Kentucky, although St. Matthews home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in St. Matthews, accounting for 50.03% of the city's housing units. Other types of housing that are prevalent in St. Matthews include large apartment complexes or high rise apartments ( 38.12%), duplexes, homes converted to apartments or other small apartment buildings ( 9.52%), and a few row houses and other attached homes ( 2.10%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. St. Matthews's housing was primarily built during this period, from the '40s through the '60s. A full 44.77% of the city's housing hails from this era. Other housing ages represented in St. Matthews include homes built between 1970-1999 ( 42.79%) and housing constructed before 1939 ( 9.90%). There's also some housing in St. Matthews built between 2000 and later ( 2.53%).

St. Matthews Home Appreciation Rates

In the last 10 years, St. Matthews has experienced some of the highest home appreciation rates of any community in the nation. St. Matthews real estate appreciated 21.73% over the last ten years, which is an average annual home appreciation rate of 1.99%, putting St. Matthews in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, St. Matthews definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, St. Matthews's appreciation rate, at 5.12%, has been at or slightly above the national average. In the latest quarter, St. Matthews's appreciation rate has been 1.69%, which annualizes to a rate of 6.95%.

Importantly, this makes St. Matthews 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 St. Matthews's latest annual appreciation rate is higher than 70% 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 St. Matthews differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Matthews - 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 St. Matthews real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$238,462

St. Matthews, KY HOME PRICES

Value Range
> $1,159,000 0.4
$868,001 - $1,159,000 0.5
$579,001 - $868,000 1.5
$464,001 - $579,000 2.0
$348,001 - $464,000 9.4
$231,001 - $348,000 39.4
$116,001 - $231,000 35.1
$58,001 - $116,000 9.8
$0 - $58,000 1.7

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
24.3730223836869 5.6390977443609

Number Of Homes And Apartments:
8,808

St. Matthews 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
58.94% 2.72% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,192 / per month

Homeownership Rate

Homeownership
Owners 50.18
Renters 49.82
Vacant 7.10

Housing Market Details

 

Age of Homes

AGE OF St. Matthews HOMES
2000 or Newer 2.5
1970 - 1999 42.8
1940 - 1969 44.8
1939 or Older 9.9

Types of Homes

TYPE OF St. Matthews HOMES
Single-Family 50.0
Townhomes 2.1
Small Apt. Buildings 9.5
Apt. Complexes 38.1
Mobile Homes 0.1
Other 0.1

Home Size

SIZE OF St. Matthews HOMES
No Bedroom 4.01
1 Bedroom 19.01
2 Bedrooms 31.58
3 Bedrooms 33.91
4 Bedrooms 10.24
5 or more bedrooms 1.26