Whitesburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Whitesburg Neighborhoods Since 2000




Whitesburg, KY Real Estate Data


Whitesburg Housing Market Information

With a population of 2,006, 732 total housing units (homes and apartments), and a median house value of $74,628, house prices in Whitesburg are some of the most affordable in Kentucky as well as the nation.

Single-family detached homes are the single most common housing type in Whitesburg, accounting for 62.50% of the city's housing units. Other types of housing that are prevalent in Whitesburg include large apartment complexes or high rise apartments ( 14.68%), mobile homes or trailers ( 13.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.25%).

People in Whitesburg primarily live in small (one, two or no bedroom) single-family detached homes. Whitesburg has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Whitesburg 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 Whitesburg built between 1940-1969 ( 37.26%). A lesser amount of the housing stock also hails from before 1939 ( 9.95%). There's also some housing in Whitesburg built between 2000 and later ( 6.19%).

Vacant housing appears to be an issue in Whitesburg. Fully 11.17% of the housing stock is classified as vacant. Left unchecked, vacant Whitesburg homes and apartments can be a drag on the real estate market, holding Whitesburg 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.

Whitesburg Home Appreciation Rates

In the last 10 years, Whitesburg has experienced some of the highest home appreciation rates of any community in the nation. Whitesburg real estate appreciated 24.22% over the last ten years, which is an average annual home appreciation rate of 2.19%, putting Whitesburg in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Whitesburg definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Whitesburg appreciation rates have trailed the rest of the nation. In the last twelve months, Whitesburg's appreciation rate has been 3.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Whitesburg were at 1.14%, which equates to an annual appreciation rate of 4.64%.

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

Average Home Values

 

Median Home Value:
$74,628

Whitesburg, KY HOME PRICES

Value Range
> $1,097,000 0.0
$823,001 - $1,097,000 0.0
$549,001 - $823,000 0.2
$439,001 - $549,000 0.0
$329,001 - $439,000 2.9
$219,001 - $329,000 8.2
$109,001 - $219,000 16.8
$55,001 - $109,000 38.8
$0 - $55,000 33.2

Very Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
93.8103882414944 81.7042606516291

Number Of Homes And Apartments:
732

Rent & Ownership

 

Average Market Rent:
$738 / per month

Homeownership Rate

Homeownership
Owners 46.97
Renters 53.03
Vacant 11.17

Housing Market Details

 

Age of Homes

AGE OF Whitesburg HOMES
2000 or Newer 6.2
1970 - 1999 46.6
1940 - 1969 37.3
1939 or Older 10.0

Types of Homes

TYPE OF Whitesburg HOMES
Single-Family 62.5
Townhomes 0.6
Small Apt. Buildings 8.3
Apt. Complexes 14.7
Mobile Homes 14.0
Other 0.0

Home Size

SIZE OF Whitesburg HOMES
No Bedroom 0.61
1 Bedroom 12.50
2 Bedrooms 41.38
3 Bedrooms 34.22
4 Bedrooms 9.83
5 or more bedrooms 1.46

Whitesburg 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
43.96% 2.17% 7 5
* 10 is highest