West Liberty, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Liberty, 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

West Liberty Housing Market Information

With a population of 3,330, 737 total housing units (homes and apartments), and a median house value of $133,054, house prices in West Liberty are solidly below the national average.

Single-family detached homes are the single most common housing type in West Liberty, accounting for 60.63% of the city's housing units. Other types of housing that are prevalent in West Liberty include large apartment complexes or high rise apartments ( 21.04%), mobile homes or trailers ( 10.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.94%).

Renters dominate West Liberty's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in West Liberty 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 West Liberty built between 1940-1969 ( 24.08%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.51%). There's also some housing in West Liberty built before 1939 ( 5.64%).

Vacant housing appears to be an issue in West Liberty. Fully 20.07% of the housing stock is classified as vacant. Left unchecked, vacant West Liberty homes and apartments can be a drag on the real estate market, holding West Liberty 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.

West Liberty Home Appreciation Rates

In the last 10 years, West Liberty has experienced some of the highest home appreciation rates of any community in the nation. West Liberty real estate appreciated 23.04% over the last ten years, which is an average annual home appreciation rate of 2.10%, putting West Liberty in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, West Liberty 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, West Liberty's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, West Liberty's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

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

Average Home Values

 

Median Home Value:
$133,054

West Liberty, KY HOME PRICES

Value Range
> $1,093,000 0.0
$819,001 - $1,093,000 0.0
$546,001 - $819,000 0.0
$437,001 - $546,000 0.0
$328,001 - $437,000 3.5
$219,001 - $328,000 12.5
$109,001 - $219,000 37.8
$55,001 - $109,000 30.6
$0 - $55,000 15.6

High for KY
Average for Nation

Value Relative to Nation Value Relative to State
58.2532520801594 29.8245614035088

Number Of Homes And Apartments:
737

West Liberty 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
61.79% 2.83% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$614 / per month

Homeownership Rate

Homeownership
Owners 27.17
Renters 72.83
Vacant 20.07

Housing Market Details

 

Age of Homes

AGE OF West Liberty HOMES
2000 or Newer 15.5
1970 - 1999 54.8
1940 - 1969 24.1
1939 or Older 5.6

Types of Homes

TYPE OF West Liberty HOMES
Single-Family 60.6
Townhomes 1.3
Small Apt. Buildings 6.9
Apt. Complexes 21.0
Mobile Homes 10.1
Other 0.0

Home Size

SIZE OF West Liberty HOMES
No Bedroom 0.43
1 Bedroom 8.46
2 Bedrooms 34.06
3 Bedrooms 42.19
4 Bedrooms 11.61
5 or more bedrooms 3.25

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Zip Codes in West Liberty, KY