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 a population of 1,587, 882 total housing units (homes and apartments), and a median house value of $117,077, house prices in Owingsville 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 Owingsville, accounting for 61.02% of the city's housing units. Other types of housing that are prevalent in Owingsville include large apartment complexes or high rise apartments ( 18.64%), mobile homes or trailers ( 13.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.71%).
People in Owingsville primarily live in small (one, two or no bedroom) single-family detached homes. Owingsville has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Owingsville 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 Owingsville built between 1940-1969 ( 36.27%). A lesser amount of the housing stock also hails from before 1939 ( 15.63%). There's also some housing in Owingsville built between 2000 and later ( 9.82%).
Vacant housing appears to be an issue in Owingsville. Fully 11.62% of the housing stock is classified as vacant. Left unchecked, vacant Owingsville homes and apartments can be a drag on the real estate market, holding Owingsville 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.
Owingsville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Owingsville during the period has been just 5.49%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Owingsville's appreciation rate, at 7.08%, has been at or slightly above the national average. In the latest quarter, Owingsville's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.
Relative to Kentucky, our data show that Owingsville's latest annual appreciation rate is lower than 50% of the other cities and towns in Kentucky.
$117,077
for Kentucky
for nation
882
$1,118 / per month