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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Versailles, KY Real Estate Market

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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Versailles, KY Housing Market Trends

With 10,416 people, 4,243 houses or apartments, and a median cost of homes of $410,084, Versailles real estate is some of the most expensive in Kentucky, although Versailles home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Versailles, accounting for 65.35% of the city's housing units. Other types of housing that are prevalent in Versailles include duplexes, homes converted to apartments or other small apartment buildings ( 15.11%), row houses and other attached homes ( 9.06%), and a few large apartment complexes or high rise apartments ( 8.39%).

The most prevalent building size and type in Versailles are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.92% owning and 42.09% renting.

There is a lot of housing in Versailles 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 Versailles built between 1940-1969 ( 23.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.92%). There's also some housing in Versailles built before 1939 ( 12.93%).

Vacant housing appears to be an issue in Versailles. Fully 10.35% of the housing stock is classified as vacant. Left unchecked, vacant Versailles homes and apartments can be a drag on the real estate market, holding Versailles 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.

Versailles Home Appreciation Rates

Appreciation rates for homes in Versailles have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 93.98%, which ranks in the top 50% nationwide. This equates to an annual average Versailles house appreciation rate of 6.85%.

Appreciation rates are so strong in Versailles that despite a nationwide downturn in the housing market, Versailles real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Versailles appreciation rates continue to be some of the highest in America, at 17.69%, which is higher than appreciation rates in 92.49% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Versailles. Versailles appreciation rates in the latest quarter were at 4.10%, which equates to an annual appreciation rate of 17.42%.

Relative to Kentucky, our data show that Versailles's latest annual appreciation rate is higher 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 Versailles differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Versailles - 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 Versailles real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$410,084

Versailles, KY Home Prices
> $1,457,000
$1,093,001 - $1,457,000
$728,001 - $1,093,000
$583,001 - $728,000
$437,001 - $583,000
$292,001 - $437,000
$146,001 - $292,000
$73,001 - $146,000
$0 - $73,000
0.1%
0.1%
1.0%
1.0%
2.3%
2.3%
6.4%
6.4%
18.5%
18.5%
26.5%
26.5%
35.0%
35.0%
6.5%
6.5%
3.7%
3.7%
0% 100.0%
% of Homes
Very High

for Kentucky

High

for nation

Number of Homes And Apartments:

4,243

Versailles Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,549 / per month

Homeownership Rate

Owners
Renters
57.9%
57.9%
42.1%
42.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.4%
10.4%
89.6%
89.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.9%
22.9%
40.6%
40.6%
23.5%
23.5%
12.9%
12.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.3%
65.3%
9.1%
9.1%
15.1%
15.1%
8.4%
8.4%
2.1%
2.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
6.7%
6.7%
22.6%
22.6%
52.9%
52.9%
12.7%
12.7%
4.2%
4.2%
0% 100.0%
% of Homes