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 9,638, 4,307 total housing units (homes and apartments), and a median house value of $404,983, Middletown real estate is some of the most expensive in Kentucky, although Middletown home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Middletown, accounting for 56.23% of the city's housing units. Other types of housing that are prevalent in Middletown include large apartment complexes or high rise apartments ( 33.40%), duplexes, homes converted to apartments or other small apartment buildings ( 5.19%), and a few row houses and other attached homes ( 5.19%).
People in Middletown primarily live in small (one, two or no bedroom) single-family detached homes. Middletown has a mixture of owner-occupied and renter-occupied housing.
Middletown homes and real estate are some of the newest in America. 42.60% of Middletown'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 Middletown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.35%), and between 1940-1969 ( 15.03%). There's also some housing in Middletown built before 1939 ( 2.01%).
Real estate appreciation rates in Middletown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.19% during the period.
Appreciation rates are so strong in Middletown that despite a nationwide downturn in the housing market, Middletown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Middletown appreciation rates continue to be some of the highest in America, at 13.20%, which is higher than appreciation rates in 80.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Middletown. Middletown appreciation rates in the latest quarter were at 4.02%, which equates to an annual appreciation rate of 17.09%.
Relative to Kentucky, our data show that Middletown's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.
$404,983
for Kentucky
for nation
4,307
$2,461 / per month