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 9,131 people, 3,862 houses or apartments, and a median cost of homes of $82,036, house prices in Middlesborough are some of the most affordable in Kentucky as well as the nation.
Single-family detached homes are the single most common housing type in Middlesborough, accounting for 63.08% of the city's housing units. Other types of housing that are prevalent in Middlesborough include duplexes, homes converted to apartments or other small apartment buildings ( 14.24%), mobile homes or trailers ( 11.91%), and a few large apartment complexes or high rise apartments ( 10.21%).
People in Middlesborough primarily live in small (one, two or no bedroom) single-family detached homes. Middlesborough has a mixture of owner-occupied and renter-occupied housing.
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. Middlesborough's housing was primarily built during this period, from the '40s through the '60s. A full 37.83% of the city's housing hails from this era. Other housing ages represented in Middlesborough include homes built between 1970-1999 ( 37.06%) and housing constructed between 2000 and later ( 14.61%). There's also some housing in Middlesborough built before 1939 ( 10.50%).
Vacant housing appears to be an issue in Middlesborough. Fully 12.41% of the housing stock is classified as vacant. Left unchecked, vacant Middlesborough homes and apartments can be a drag on the real estate market, holding Middlesborough 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Middlesborough, where house values have increased just 54.81%, which is annualized rate of 4.47%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Middlesborough's appreciation rate, at 6.45%, has been at or slightly above the national average. In the latest quarter, Middlesborough's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.
Relative to Kentucky, our data show that Middlesborough's latest annual appreciation rate is lower than 70% of the other cities and towns in Kentucky.
$82,036
for Kentucky
for nation
3,862
$1,230 / per month