Frankfort, Kentucky Home Prices & Values $124,300 Zillow Home Value Index 3.2% 1-year change 1.7% 1-year forecast Jan 2013 Feb 2014 Feb 2015 The median home value in Kentucky is $124,300. Kentucky home values have gone up 3.2% over the past year and Zillow predicts they will rise 1.7% within the next year. The median list price per square foot in Kentucky is $91. The median price of homes currently listed in Kentucky is $139,900 while the median price of homes that sold is $137,300. The median rent price in Kentucky is $800. Foreclosures will be a factor impacting home values in the next several years. In Kentucky 0.3 homes are foreclosed (per 10,000). This is lower than the national value of 5.0 Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Kentucky is 4.1%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Kentucky homeowners underwater on their mortgage is 14.7%.
Posted on: Thu, 20 Mar 2014 15:32:43 +0000
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