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 a population of 3,490, 1,472 total housing units (homes and apartments), and a median house value of $246,159, house prices in Beaver Dam are solidly below the national average.
Single-family detached homes are the single most common housing type in Beaver Dam, accounting for 63.30% of the city's housing units. Other types of housing that are prevalent in Beaver Dam include duplexes, homes converted to apartments or other small apartment buildings ( 31.02%), large apartment complexes or high rise apartments ( 4.04%), and a few row houses and other attached homes ( 1.07%).
The most prevalent building size and type in Beaver Dam are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.27% owning and 42.73% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Beaver Dam's housing was primarily built during this period, from the '40s through the '60s. A full 40.62% of the city's housing hails from this era. Other housing ages represented in Beaver Dam include homes built between 1970-1999 ( 35.00%) and housing constructed between 2000 and later ( 20.03%). There's also some housing in Beaver Dam built before 1939 ( 4.36%).
Real estate appreciation rates in Beaver Dam's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.19% during the period.
NeighborhoodScout's data show that during the latest twelve months, Beaver Dam's appreciation rate, at 7.43%, has been at or slightly above the national average. In the latest quarter, Beaver Dam's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.
Relative to Kentucky, our data show that Beaver Dam's latest annual appreciation rate is higher than 60% of the other cities and towns in Kentucky.
$246,159
for Kentucky
for nation
1,472
$1,306 / per month