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 3,183 people, 1,115 houses or apartments, and a median cost of homes of $259,677, house prices in Stanton are solidly below the national average.
Single-family detached homes are the single most common housing type in Stanton, accounting for 56.61% of the city's housing units. Other types of housing that are prevalent in Stanton include large apartment complexes or high rise apartments ( 17.76%), duplexes, homes converted to apartments or other small apartment buildings ( 15.74%), and a few mobile homes or trailers ( 9.24%).
The most prevalent building size and type in Stanton are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.57% owning and 50.43% renting.
There is a lot of housing in Stanton 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 Stanton built between 1940-1969 ( 24.77%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.16%). There's also some housing in Stanton built before 1939 ( 1.52%).
Vacant housing appears to be an issue in Stanton. Fully 19.49% of the housing stock is classified as vacant. Left unchecked, vacant Stanton homes and apartments can be a drag on the real estate market, holding Stanton 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 Stanton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 103.73%, which ranks in the top 40% nationwide. This equates to an annual average Stanton house appreciation rate of 7.38%.
Over the last year, Stanton appreciation rates have trailed the rest of the nation. In the last twelve months, Stanton's appreciation rate has been 2.58%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Stanton were at 1.38%, which equates to an annual appreciation rate of 5.65%.
Relative to Kentucky, our data show that Stanton's latest annual appreciation rate is higher than 60% of the other cities and towns in Kentucky.
$259,677
for Kentucky
for nation
1,115
$1,296 / per month