Walton, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Walton Neighborhoods Since 2000




Walton, 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

Walton Housing Market Information

With a population of 3,907, 1,317 total housing units (homes and apartments), and a median house value of $162,804, Walton real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Walton, accounting for 79.30% of the city's housing units. Other types of housing that are prevalent in Walton include large apartment complexes or high rise apartments ( 14.53%), row houses and other attached homes ( 4.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.46%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Walton. Owner-occupied housing accounts for 68.34% of Walton's homes, and 63.70% have either three or four bedrooms, which is average sized relative to America.

Walton homes and real estate are some of the newest in America. 44.72% of Walton's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Walton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 25.88%), and between 1940-1969 ( 18.71%). There's also some housing in Walton built before 1939 ( 10.68%).

Vacant housing appears to be an issue in Walton. Fully 12.61% of the housing stock is classified as vacant. Left unchecked, vacant Walton homes and apartments can be a drag on the real estate market, holding Walton 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.

Walton Home Appreciation Rates

Real estate appreciation rates in Walton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.

Appreciation rates are so strong in Walton that despite a nationwide downturn in the housing market, Walton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Walton appreciation rates continue to be some of the highest in America, at 6.03%, which is higher than appreciation rates in 74.29% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Walton. Walton appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Kentucky, our data show that Walton's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$162,804

Walton, KY HOME PRICES

Value Range
> $1,079,000 0.0
$810,001 - $1,079,000 0.0
$540,001 - $810,000 0.1
$432,001 - $540,000 0.0
$324,001 - $432,000 0.2
$215,001 - $324,000 16.9
$108,001 - $215,000 72.6
$54,001 - $108,000 8.8
$0 - $54,000 1.2

Very High for KY
Average for Nation

Value Relative to Nation Value Relative to State
44.5329895699051 16.7919799498747

Number Of Homes And Apartments:
1,317

Walton 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
7.33% 0.41% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,019 / per month

Homeownership Rate

Homeownership
Owners 68.34
Renters 31.66
Vacant 12.61

Housing Market Details

 

Age of Homes

AGE OF Walton HOMES
2000 or Newer 44.7
1970 - 1999 25.9
1940 - 1969 18.7
1939 or Older 10.7

Types of Homes

TYPE OF Walton HOMES
Single-Family 79.3
Townhomes 4.7
Small Apt. Buildings 1.5
Apt. Complexes 14.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Walton HOMES
No Bedroom 1.79
1 Bedroom 8.89
2 Bedrooms 22.43
3 Bedrooms 47.11
4 Bedrooms 16.59
5 or more bedrooms 3.19