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 1,746, 741 total housing units (homes and apartments), and a median house value of $123,543, house prices in Catlettsburg 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 Catlettsburg, accounting for 66.06% of the city's housing units. Other types of housing that are prevalent in Catlettsburg include large apartment complexes or high rise apartments ( 20.41%), mobile homes or trailers ( 7.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.62%).
People in Catlettsburg primarily live in small (one, two or no bedroom) single-family detached homes. Catlettsburg has a mixture of owner-occupied and renter-occupied housing.
The housing in Catlettsburg was primarily built before 1939 ( 40.06%), making the housing stock in Catlettsburg some of the oldest overall in America, although there is a range of ages of homes in Catlettsburg. The next most important housing age is between 1970-1999 ( 28.14%), followed by between 1940-1969 ( 26.53%). There's also some housing in Catlettsburg built between 2000 and later ( 5.26%).
Vacant housing appears to be an issue in Catlettsburg. Fully 20.41% of the housing stock is classified as vacant. Left unchecked, vacant Catlettsburg homes and apartments can be a drag on the real estate market, holding Catlettsburg 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Catlettsburg, where house values have increased just 51.92%, which is annualized rate of 4.27%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Catlettsburg that despite a nationwide downturn in the housing market, Catlettsburg real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Catlettsburg appreciation rates continue to be some of the highest in America, at 14.75%, which is higher than appreciation rates in 97.32% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Catlettsburg. Catlettsburg appreciation rates in the latest quarter were at -2.13%, which equates to an annual appreciation rate of -8.23%.
Notably, Catlettsburg's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Kentucky, our data show that Catlettsburg's latest annual appreciation rate is higher than 90% of the other cities and towns in Kentucky.
$123,543
for Kentucky
for nation
741
$1,069 / per month