Vanceburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Vanceburg Neighborhoods Since 2000




Vanceburg, 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

Vanceburg Housing Market Information

With a population of 1,448, 621 total housing units (homes and apartments), and a median house value of $75,577, house prices in Vanceburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Vanceburg, accounting for 52.96% of the city's housing units. Other types of housing that are prevalent in Vanceburg include large apartment complexes or high rise apartments ( 17.61%), duplexes, homes converted to apartments or other small apartment buildings ( 14.99%), and a few mobile homes or trailers ( 11.28%).

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

There is a lot of housing in Vanceburg 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 Vanceburg built between 1940-1969 ( 26.00%). A lesser amount of the housing stock also hails from before 1939 ( 17.19%). There's also some housing in Vanceburg built between 2000 and later ( 6.19%).

Vacant housing appears to be an issue in Vanceburg. Fully 14.58% of the housing stock is classified as vacant. Left unchecked, vacant Vanceburg homes and apartments can be a drag on the real estate market, holding Vanceburg 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.

Vanceburg Home Appreciation Rates

In the last 10 years, Vanceburg has experienced some of the highest home appreciation rates of any community in the nation. Vanceburg real estate appreciated 21.79% over the last ten years, which is an average annual home appreciation rate of 1.99%, putting Vanceburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Vanceburg 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, Vanceburg's appreciation rate, at 3.79%, has been at or slightly above the national average. In the latest quarter, Vanceburg's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

Relative to Kentucky, our data show that Vanceburg's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$75,577

Vanceburg, KY HOME PRICES

Value Range
> $1,086,000 0.0
$815,001 - $1,086,000 0.0
$543,001 - $815,000 0.4
$434,001 - $543,000 4.1
$326,001 - $434,000 0.0
$217,001 - $326,000 1.7
$108,001 - $217,000 15.0
$54,001 - $108,000 40.6
$0 - $54,000 38.2

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
92.8571428571429 79.4486215538847

Number Of Homes And Apartments:
621

Vanceburg 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
50.02% 2.38% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$565 / per month

Homeownership Rate

Homeownership
Owners 36.12
Renters 63.88
Vacant 14.58

Housing Market Details

 

Age of Homes

AGE OF Vanceburg HOMES
2000 or Newer 6.2
1970 - 1999 50.6
1940 - 1969 26.0
1939 or Older 17.2

Types of Homes

TYPE OF Vanceburg HOMES
Single-Family 53.0
Townhomes 3.2
Small Apt. Buildings 15.0
Apt. Complexes 17.6
Mobile Homes 11.3
Other 0.0

Home Size

SIZE OF Vanceburg HOMES
No Bedroom 0.55
1 Bedroom 28.75
2 Bedrooms 32.05
3 Bedrooms 26.69
4 Bedrooms 8.94
5 or more bedrooms 3.03

Popular Neighborhoods in Vanceburg

Zip Codes in Vanceburg, KY