Kentucky Real Estate
According to census data in the year 2000 there were 1,750,927 housing units in Kentucky.
This represents a 16.2% from 1,506,845 in 1990.
Of those housing units, 978,654 were located in either urbanized areas or urban clusters, and 772,273 were located in what is classified as a rural area.
Homeownership rate in Kentucky is about 70.7%.
Kentucky's vacancy rate, including seasonal lodging, is about 9.2%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Kentucky were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.2% |
| One Bedroom | 9.8% |
| Two Bedrooms | 30.1% |
| Three Bedrooms | 43.9% |
| Four Bedrooms | 12.5% |
| Five Bedrooms or more | 2.5% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.57 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $86,700 |
| Median Price asked for vacant units | $70,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $357 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.1% |
| Second Mortgage | 7.1% |
| Home Equity Loan | 8.9% |
| Simple Mortgage | 48.4% |
| Debt Free | 35.3% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
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