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 523 people, 285 houses or apartments, and a median cost of homes of $138,747, house prices in Inez are solidly below the national average.
Single-family detached homes are the single most common housing type in Inez, accounting for 48.27% of the city's housing units. Other types of housing that are prevalent in Inez include mobile homes or trailers ( 25.24%), large apartment complexes or high rise apartments ( 23.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.89%).
The most prevalent building size and type in Inez are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.74% owning and 52.26% renting.
There is a lot of housing in Inez 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 Inez built between 2000 and later ( 21.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.03%). There's also some housing in Inez built before 1939 ( 1.89%).
Vacant housing appears to be an issue in Inez. Fully 10.09% of the housing stock is classified as vacant. Left unchecked, vacant Inez homes and apartments can be a drag on the real estate market, holding Inez 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.
Real estate appreciation rates in Inez's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.23% during the period.
NeighborhoodScout's data show that during the latest twelve months, Inez's appreciation rate, at 7.32%, has been at or slightly above the national average. In the latest quarter, Inez's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.
Relative to Kentucky, our data show that Inez's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.
$138,747
for Kentucky
for nation
285
$1,216 / per month