Cities with the fastest growing home prices in Owensboro metro area
Published 9:05 pm Thursday, September 29, 2022
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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 August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 13 cities and towns with data available were included in the list.
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Stacker
#13. Island, Kentucky
– 1-year price change: +$8,385 (+8.7%)
– 5-year price change: +$31,605 (+43.3%)
– Typical home value: $104,529 (#10 most expensive city in metro)
Stacker
#12. Livermore, Kentucky
– 1-year price change: +$8,751 (+10.5%)
– 5-year price change: +$28,650 (+45.1%)
– Typical home value: $92,143 (#13 most expensive city in metro)
Stacker
#11. Sacramento, Kentucky
– 1-year price change: +$9,191 (+10.3%)
– 5-year price change: +$31,046 (+46.3%)
– Typical home value: $98,122 (#12 most expensive city in metro)
Stacker
#10. Fordsville, Kentucky
– 1-year price change: +$11,931 (+13.1%)
– 5-year price change: +$40,994 (+66.0%)
– Typical home value: $103,114 (#11 most expensive city in metro)
Stacker
#9. Rumsey, Kentucky
– 1-year price change: +$12,689 (+12.2%)
– 5-year price change: +$42,663 (+57.4%)
– Typical home value: $117,011 (#9 most expensive city in metro)
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Stacker
#8. Calhoun, Kentucky
– 1-year price change: +$17,059 (+14.9%)
– 5-year price change: +$45,880 (+53.6%)
– Typical home value: $131,519 (#8 most expensive city in metro)
Stacker
#7. Hawesville, Kentucky
– 1-year price change: +$18,957 (+14.2%)
– 5-year price change: +$49,418 (+47.9%)
– Typical home value: $152,574 (#6 most expensive city in metro)
Stacker
#6. Lewisport, Kentucky
– 1-year price change: +$20,060 (+15.7%)
– 5-year price change: +$47,199 (+47.0%)
– Typical home value: $147,653 (#7 most expensive city in metro)
Stacker
#5. Maceo, Kentucky
– 1-year price change: +$22,486 (+16.6%)
– 5-year price change: +$55,239 (+53.9%)
– Typical home value: $157,652 (#5 most expensive city in metro)
Stacker
#4. Whitesville, Kentucky
– 1-year price change: +$22,737 (+15.5%)
– 5-year price change: +$66,203 (+63.9%)
– Typical home value: $169,742 (#4 most expensive city in metro)
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Stacker
#3. Owensboro, Kentucky
– 1-year price change: +$24,700 (+16.0%)
– 5-year price change: +$63,183 (+54.3%)
– Typical home value: $179,551 (#3 most expensive city in metro)
Stacker
#2. Utica, Kentucky
– 1-year price change: +$29,356 (+15.9%)
– 5-year price change: +$75,808 (+55.0%)
– Typical home value: $213,658 (#2 most expensive city in metro)
Stacker
#1. Philpot, Kentucky
– 1-year price change: +$32,711 (+16.1%)
– 5-year price change: +$86,280 (+57.6%)
– Typical home value: $236,006 (#1 most expensive city in metro)