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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,146 people, 497 houses or apartments, and a median cost of homes of $118,489, house prices in Beattyville 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 Beattyville, accounting for 54.87% of the city's housing units. Other types of housing that are prevalent in Beattyville include large apartment complexes or high rise apartments ( 29.23%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), and a few mobile homes or trailers ( 7.69%).
Beattyville is dominated by renter-occupied one, two, or no bedrooms apartments. 71.99% of Beattyville's dwellings are rentals.
There is a lot of housing in Beattyville 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 Beattyville built between 2000 and later ( 18.12%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.92%). There's also some housing in Beattyville built before 1939 ( 10.77%).
Vacant housing appears to be an issue in Beattyville. Fully 15.04% of the housing stock is classified as vacant. Left unchecked, vacant Beattyville homes and apartments can be a drag on the real estate market, holding Beattyville 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.
Appreciation rates for homes in Beattyville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.17%, which ranks in the top 50% nationwide. This equates to an annual average Beattyville house appreciation rate of 6.64%.
NeighborhoodScout's data show that during the latest twelve months, Beattyville's appreciation rate, at 7.24%, has been at or slightly above the national average. In the latest quarter, Beattyville's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.
Relative to Kentucky, our data show that Beattyville's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.
$118,489
for Kentucky
for nation
497
$787 / per month