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 8,653, 3,477 total housing units (homes and apartments), and a median house value of $478,214, Fort Mitchell real estate is some of the most expensive in Kentucky, although Fort Mitchell home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Fort Mitchell, accounting for 51.67% of the city's housing units. Other types of housing that are prevalent in Fort Mitchell include large apartment complexes or high rise apartments ( 25.17%), duplexes, homes converted to apartments or other small apartment buildings ( 14.69%), and a few row houses and other attached homes ( 5.39%).
People in Fort Mitchell primarily live in small (one, two or no bedroom) single-family detached homes. Fort Mitchell has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Fort Mitchell 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 Fort Mitchell built between 1940-1969 ( 30.53%). A lesser amount of the housing stock also hails from before 1939 ( 18.42%). There's also some housing in Fort Mitchell built between 2000 and later ( 3.73%).
Appreciation rates for homes in Fort Mitchell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.15%, which ranks in the top 50% nationwide. This equates to an annual average Fort Mitchell house appreciation rate of 6.75%.
NeighborhoodScout's data show that during the latest twelve months, Fort Mitchell's appreciation rate, at 7.11%, has been at or slightly above the national average. In the latest quarter, Fort Mitchell's appreciation rate has been 1.53%, which annualizes to a rate of 6.27%.
Relative to Kentucky, our data show that Fort Mitchell's latest annual appreciation rate is lower than 50% of the other cities and towns in Kentucky.
$478,214
for Kentucky
for nation
3,477
$1,416 / per month