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 19,756 people, 7,875 houses or apartments, and a median cost of homes of $295,860, Erlanger 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 Erlanger, accounting for 66.06% of the city's housing units. Other types of housing that are prevalent in Erlanger include large apartment complexes or high rise apartments ( 19.41%), duplexes, homes converted to apartments or other small apartment buildings ( 6.99%), and a few row houses and other attached homes ( 4.42%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Erlanger. Owner-occupied housing accounts for 67.76% of Erlanger's homes, and 62.10% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Erlanger 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 Erlanger built between 1940-1969 ( 31.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.02%). There's also some housing in Erlanger built before 1939 ( 7.20%).
Appreciation rates for homes in Erlanger have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.07%, which ranks in the top 40% nationwide. This equates to an annual average Erlanger house appreciation rate of 7.34%.
NeighborhoodScout's data show that during the latest twelve months, Erlanger's appreciation rate, at 7.40%, has been at or slightly above the national average. In the latest quarter, Erlanger's appreciation rate has been 1.53%, which annualizes to a rate of 6.27%.
Relative to Kentucky, our data show that Erlanger's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.
$295,860
for Kentucky
for nation
7,875
$1,509 / per month