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 611 people, 247 houses or apartments, and a median cost of homes of $171,366, house prices in Frenchburg are solidly below the national average.
Single-family detached homes are the single most common housing type in Frenchburg, accounting for 65.97% of the city's housing units. Other types of housing that are prevalent in Frenchburg include large apartment complexes or high rise apartments ( 12.85%), mobile homes or trailers ( 11.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.29%).
The most prevalent building size and type in Frenchburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.58% owning and 51.42% renting.
There is a lot of housing in Frenchburg built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Frenchburg built between 2000 and later ( 25.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.10%). There's also some housing in Frenchburg built before 1939 ( 4.86%).
Vacant housing appears to be an issue in Frenchburg. Fully 14.24% of the housing stock is classified as vacant. Left unchecked, vacant Frenchburg homes and apartments can be a drag on the real estate market, holding Frenchburg real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Frenchburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 104.09%, which ranks in the top 40% nationwide. This equates to an annual average Frenchburg house appreciation rate of 7.39%.
NeighborhoodScout's data show that during the latest twelve months, Frenchburg's appreciation rate, at 7.68%, has been at or slightly above the national average. In the latest quarter, Frenchburg's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.
Relative to Kentucky, our data show that Frenchburg's latest annual appreciation rate is higher than 70% of the other cities and towns in Kentucky.
$171,366
for Kentucky
for nation
247
$984 / per month