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Cities with the fastest growing home prices in Owensboro metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Owensboro, KY metro area using data from Zillow. Cities are ranked by 1-year price change as of July 2022. The typical home value in the United States increased over the last year by +19.8% to $354,165. All 12 cities and towns with data available were included in the list.

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Stacker

#12. Island, KY

– 1-year price change: +$7,772 (+8.3%)
– 5-year price change: +$30,594 (+43.3%)
– Typical home value: $101,292 (#10 most expensive city in metro)

Stacker

#11. Livermore, KY

– 1-year price change: +$8,982 (+11.1%)
– 5-year price change: +$27,695 (+44.7%)
– Typical home value: $89,696 (#12 most expensive city in metro)

Stacker

#10. Sacramento, KY

– 1-year price change: +$9,333 (+10.8%)
– 5-year price change: +$31,266 (+48.5%)
– Typical home value: $95,738 (#11 most expensive city in metro)

Stacker

#9. Rumsey, KY

– 1-year price change: +$12,375 (+12.1%)
– 5-year price change: +$41,810 (+57.4%)
– Typical home value: $114,602 (#9 most expensive city in metro)

Stacker

#8. Calhoun, KY

– 1-year price change: +$16,454 (+14.6%)
– 5-year price change: +$45,073 (+53.5%)
– Typical home value: $129,257 (#8 most expensive city in metro)

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Stacker

#7. Hawesville, KY

– 1-year price change: +$20,576 (+15.6%)
– 5-year price change: +$49,958 (+48.7%)
– Typical home value: $152,528 (#6 most expensive city in metro)

Stacker

#6. Lewisport, KY

– 1-year price change: +$21,285 (+16.8%)
– 5-year price change: +$47,150 (+46.8%)
– Typical home value: $147,957 (#7 most expensive city in metro)

Stacker

#5. Maceo, KY

– 1-year price change: +$25,233 (+18.9%)
– 5-year price change: +$56,326 (+55.1%)
– Typical home value: $158,625 (#5 most expensive city in metro)

Stacker

#4. Whitesville, KY

– 1-year price change: +$25,640 (+17.7%)
– 5-year price change: +$67,045 (+64.8%)
– Typical home value: $170,563 (#4 most expensive city in metro)

Stacker

#3. Owensboro, KY

– 1-year price change: +$26,128 (+17.2%)
– 5-year price change: +$62,863 (+54.5%)
– Typical home value: $178,293 (#3 most expensive city in metro)

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Stacker

#2. Utica, KY

– 1-year price change: +$31,247 (+17.2%)
– 5-year price change: +$75,990 (+55.3%)
– Typical home value: $213,389 (#2 most expensive city in metro)

Stacker

#1. Philpot, KY

– 1-year price change: +$35,158 (+17.6%)
– 5-year price change: +$86,234 (+58.1%)
– Typical home value: $234,651 (#1 most expensive city in metro)