West Liberty, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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West Liberty, KY Real Estate Data


West Liberty Housing Market Information

With a population of 3,330, 950 total housing units (homes and apartments), and a median house value of $142,264, West Liberty 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 West Liberty, accounting for 62.65% of the city's housing units. Other types of housing that are prevalent in West Liberty include large apartment complexes or high rise apartments ( 20.20%), duplexes, homes converted to apartments or other small apartment buildings ( 9.65%), and a few mobile homes or trailers ( 6.97%).

The most prevalent building size and type in West Liberty are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 38.55% owning and 61.45% renting.

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 ( 25.92%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.67%). There's also some housing in West Liberty built before 1939 ( 5.72%).

Vacant housing appears to be an issue in West Liberty. Fully 15.10% 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 41.64% over the last ten years, which is an average annual home appreciation rate of 3.54%, putting West Liberty in the top 10% 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 4.68%, has been at or slightly above the national average. In the latest quarter, West Liberty's appreciation rate has been 1.14%, which annualizes to a rate of 4.64%.

Relative to Kentucky, our data show that West Liberty's latest annual appreciation rate is higher than 60% of the other cities and towns in Kentucky.

Average Home Values

 

Median Home Value:
$142,264

West Liberty, KY HOME PRICES

Value Range
> $1,130,000 0.7
$847,001 - $1,130,000 0.0
$565,001 - $847,000 0.0
$452,001 - $565,000 0.0
$339,001 - $452,000 3.1
$226,001 - $339,000 12.6
$113,001 - $226,000 37.9
$57,001 - $113,000 30.2
$0 - $57,000 15.6

High for KY
Average for Nation

Value Relative to Nation Value Relative to State
54.4416466592493 26.5664160401003

Number Of Homes And Apartments:
950

Rent & Ownership

 

Average Market Rent:
$687 / per month

Homeownership Rate

Homeownership
Owners 38.55
Renters 61.45
Vacant 15.10

Housing Market Details

 

Age of Homes

AGE OF West Liberty HOMES
2000 or Newer 8.7
1970 - 1999 59.7
1940 - 1969 25.9
1939 or Older 5.7

Types of Homes

TYPE OF West Liberty HOMES
Single-Family 62.6
Townhomes 0.5
Small Apt. Buildings 9.7
Apt. Complexes 20.2
Mobile Homes 7.0
Other 0.0

Home Size

SIZE OF West Liberty HOMES
No Bedroom 1.79
1 Bedroom 9.83
2 Bedrooms 32.44
3 Bedrooms 36.28
4 Bedrooms 15.19
5 or more bedrooms 4.47

West Liberty Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
70.58% 3.19% 10 8
* 10 is highest

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Zip Codes in West Liberty, KY