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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 no 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 December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 13 cities and towns with data available were included in the list.

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Stacker

#13. Livermore, KY

– 1-year price change: +$5,738 (+6.3%)
– 5-year price change: +$30,182 (+45.4%)
– Typical home value: $96,594 (#13 most expensive city in metro)

Stacker

#12. Island, KY

– 1-year price change: +$5,959 (+5.7%)
– 5-year price change: +$32,146 (+41.4%)
– Typical home value: $109,738 (#11 most expensive city in metro)

Stacker

#11. Sacramento, KY

– 1-year price change: +$7,552 (+7.7%)
– 5-year price change: +$31,134 (+41.9%)
– Typical home value: $105,375 (#12 most expensive city in metro)

Stacker

#10. Rumsey, KY

– 1-year price change: +$9,154 (+8.0%)
– 5-year price change: +$40,711 (+48.8%)
– Typical home value: $124,134 (#9 most expensive city in metro)

Stacker

#9. Fordsville, KY

– 1-year price change: +$10,521 (+10.1%)
– 5-year price change: +$43,065 (+60.2%)
– Typical home value: $114,553 (#10 most expensive city in metro)

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Stacker

#8. Maceo, KY

– 1-year price change: +$13,390 (+9.0%)
– 5-year price change: +$55,072 (+51.4%)
– Typical home value: $162,233 (#6 most expensive city in metro)

Stacker

#7. Calhoun, KY

– 1-year price change: +$15,256 (+12.0%)
– 5-year price change: +$48,250 (+51.1%)
– Typical home value: $142,649 (#8 most expensive city in metro)

Stacker

#6. Lewisport, KY

– 1-year price change: +$16,264 (+11.5%)
– 5-year price change: +$49,150 (+45.5%)
– Typical home value: $157,100 (#7 most expensive city in metro)

Stacker

#5. Owensboro, KY

– 1-year price change: +$17,161 (+10.2%)
– 5-year price change: +$65,765 (+55.0%)
– Typical home value: $185,270 (#3 most expensive city in metro)

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#4. Whitesville, KY

– 1-year price change: +$17,702 (+10.9%)
– 5-year price change: +$70,844 (+65.1%)
– Typical home value: $179,589 (#4 most expensive city in metro)

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Stacker

#3. Hawesville, KY

– 1-year price change: +$21,254 (+14.0%)
– 5-year price change: +$58,456 (+50.9%)
– Typical home value: $173,411 (#5 most expensive city in metro)

Stacker

#2. Utica, KY

– 1-year price change: +$21,881 (+10.9%)
– 5-year price change: +$77,240 (+52.9%)
– Typical home value: $223,229 (#2 most expensive city in metro)

Stacker

#1. Philpot, KY

– 1-year price change: +$22,958 (+10.3%)
– 5-year price change: +$90,469 (+58.5%)
– Typical home value: $245,151 (#1 most expensive city in metro)