Verona, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Verona Neighborhoods Since 2000




Verona, 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

Verona Housing Market Information

With 1,548 people, 492 houses or apartments, and a median cost of homes of $181,552, Verona real estate is some of the most expensive in Kentucky, although Verona home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Verona, accounting for 88.01% of the town's housing units. Other types of housing that are prevalent in Verona include mobile homes or trailers ( 4.67%), duplexes, homes converted to apartments or other small apartment buildings ( 4.07%), and a few large apartment complexes or high rise apartments ( 1.83%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Verona. Owner-occupied housing accounts for 87.80% of Verona's homes, and 56.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Verona 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 Verona built between 2000 and later ( 19.72%). A lesser amount of the housing stock also hails from before 1939 ( 15.65%). There's also some housing in Verona built between 1940-1969 ( 15.04%).

Verona Home Appreciation Rates

Verona's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Verona during the period has been just -1.76%, which is lower than 80% of US communities.

Over the last year, Verona appreciation rates have trailed the rest of the nation. In the last twelve months, Verona's appreciation rate has been -3.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Verona were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Kentucky, our data show that Verona's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$181,552

Verona, KY HOME PRICES

Value Range
> $1,048,000 1.8
$786,001 - $1,048,000 0.0
$524,001 - $786,000 4.5
$419,001 - $524,000 2.2
$314,001 - $419,000 10.0
$210,001 - $314,000 18.3
$105,001 - $210,000 45.3
$52,001 - $105,000 12.4
$0 - $52,000 5.5

Very High for KY
High for Nation

Value Relative to Nation Value Relative to State
37.6127973748975 12.531328320802

Number Of Homes And Apartments:
492

Verona 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
16.39% 0.88% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,016 / per month

Homeownership Rate

Homeownership
Owners 87.80
Renters 12.20
Vacant 0.00

Housing Market Details

 

Age of Homes

AGE OF Verona HOMES
2000 or Newer 19.7
1970 - 1999 49.6
1940 - 1969 15.0
1939 or Older 15.7

Types of Homes

TYPE OF Verona HOMES
Single-Family 88.0
Townhomes 1.4
Small Apt. Buildings 4.1
Apt. Complexes 1.8
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Verona HOMES
No Bedroom 1.83
1 Bedroom 4.88
2 Bedrooms 33.54
3 Bedrooms 43.09
4 Bedrooms 13.41
5 or more bedrooms 3.25