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 17,362 people, 8,737 houses or apartments, and a median cost of homes of $437,971, St. Matthews real estate is some of the most expensive in Kentucky, although St. Matthews home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in St. Matthews, accounting for 51.64% of the city's housing units. Other types of housing that are prevalent in St. Matthews include large apartment complexes or high rise apartments ( 31.02%), duplexes, homes converted to apartments or other small apartment buildings ( 14.16%), and a few row houses and other attached homes ( 2.88%).
People in St. Matthews primarily live in small (one, two or no bedroom) single-family detached homes. St. Matthews has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. St. Matthews's housing was primarily built during this period, from the '40s through the '60s. A full 44.30% of the city's housing hails from this era. Other housing ages represented in St. Matthews include homes built between 1970-1999 ( 41.40%) and housing constructed between 2000 and later ( 7.17%). There's also some housing in St. Matthews built before 1939 ( 7.13%).
St. Matthews's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in St. Matthews during the period has been just 5.17%, which is lower than 80% of US communities.
Over the last year, St. Matthews appreciation rates have trailed the rest of the nation. In the last twelve months, St. Matthews's appreciation rate has been 3.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in St. Matthews were at 0.92%, which equates to an annual appreciation rate of 3.75%.
Relative to Kentucky, our data show that St. Matthews's latest annual appreciation rate is lower than 80% of the other cities and towns in Kentucky.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within St. Matthews differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in St. Matthews - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best St. Matthews real estate investment or home purchase decisions.
$437,971
for Kentucky
for nation
8,737
$1,993 / per month