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 1,407, 522 total housing units (homes and apartments), and a median house value of $153,706, house prices in Mammoth Cave are solidly below the national average.
Mobile homes or trailers are the single most common housing type in Mammoth Cave, accounting for 52.20% of the town's housing units. Other types of housing that are prevalent in Mammoth Cave include single-family detached homes ( 47.51%).
Dwellings in Mammoth Cave tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 56.52% of the homes in Mammoth Cave have two or fewer bedrooms.
There is a lot of housing in Mammoth Cave 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 Mammoth Cave built between 2000 and later ( 23.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.82%).
A decent proportion of the Mammoth Cave housing stock is seasonally occupied. That is, homes and condos in Mammoth Cave are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Mammoth Cave housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Mammoth Cave have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.39%, which ranks in the top 50% nationwide. This equates to an annual average Mammoth Cave house appreciation rate of 6.71%.
Over the last year, Mammoth Cave appreciation rates have trailed the rest of the nation. In the last twelve months, Mammoth Cave's appreciation rate has been 3.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mammoth Cave were at 4.02%, which equates to an annual appreciation rate of 17.09%.
Importantly, this makes Mammoth Cave one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Kentucky, our data show that Mammoth Cave's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.
$153,706
for Kentucky
for nation
522
$1,338 / per month