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 5,819 people, 2,415 houses or apartments, and a median cost of homes of $362,662, Fort Wright real estate is some of the most expensive in Kentucky, although Fort Wright home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Fort Wright, accounting for 64.12% of the city's housing units. Other types of housing that are prevalent in Fort Wright include large apartment complexes or high rise apartments ( 16.08%), row houses and other attached homes ( 11.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fort Wright. Owner-occupied housing accounts for 69.92% of Fort Wright's homes, and 63.61% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Fort Wright 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 Wright built between 1940-1969 ( 34.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.14%). There's also some housing in Fort Wright built before 1939 ( 7.14%).
Appreciation rates for homes in Fort Wright have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.05%, which ranks in the top 50% nationwide. This equates to an annual average Fort Wright house appreciation rate of 6.91%.
NeighborhoodScout's data show that during the latest twelve months, Fort Wright's appreciation rate, at 7.36%, has been at or slightly above the national average. In the latest quarter, Fort Wright's appreciation rate has been 1.53%, which annualizes to a rate of 6.27%.
Relative to Kentucky, our data show that Fort Wright's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.
$362,662
for Kentucky
for nation
2,415
$1,854 / per month