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 6,880, 2,473 total housing units (homes and apartments), and a median house value of $320,724, Vine Grove real estate is some of the most expensive in Kentucky, although Vine Grove home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Vine Grove, accounting for 76.46% of the city's housing units. Other types of housing that are prevalent in Vine Grove include large apartment complexes or high rise apartments ( 10.45%), duplexes, homes converted to apartments or other small apartment buildings ( 6.26%), and a few mobile homes or trailers ( 3.61%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Vine Grove. Owner-occupied housing accounts for 70.40% of Vine Grove's homes, and 64.44% have either three or four bedrooms, which is average sized relative to America.
Vine Grove homes and real estate are some of the newest in America. 46.69% of Vine Grove's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Vine Grove real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 26.01%), and between 1940-1969 ( 18.68%). There's also some housing in Vine Grove built before 1939 ( 8.62%).
Vacant housing appears to be an issue in Vine Grove. Fully 11.52% of the housing stock is classified as vacant. Left unchecked, vacant Vine Grove homes and apartments can be a drag on the real estate market, holding Vine Grove 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 Vine Grove's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.81% during the period.
Over the last year, Vine Grove appreciation rates have trailed the rest of the nation. In the last twelve months, Vine Grove's appreciation rate has been 1.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Vine Grove were at -0.58%, which equates to an annual appreciation rate of -2.28%.
Notably, Vine Grove's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Kentucky, our data show that Vine Grove's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.
$320,724
for Kentucky
for nation
2,473
$2,086 / per month