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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Pine Knot, KY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pine Knot, KY Housing Market Trends

With 1,380 people, 693 houses or apartments, and a median cost of homes of $140,202, house prices in Pine Knot are solidly below the national average.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Pine Knot, accounting for 40.65% of the town's housing units. Other types of housing that are prevalent in Pine Knot include single-family detached homes ( 40.39%), mobile homes or trailers ( 18.96%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

People in Pine Knot primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Pine Knot has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Pine Knot 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 Pine Knot built between 2000 and later ( 13.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.47%). There's also some housing in Pine Knot built before 1939 ( 4.68%).

Vacant housing appears to be an issue in Pine Knot. Fully 10.00% of the housing stock is classified as vacant. Left unchecked, vacant Pine Knot homes and apartments can be a drag on the real estate market, holding Pine Knot 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.

Pine Knot Home Appreciation Rates

Real estate appreciation rates in Pine Knot's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.43% during the period.

NeighborhoodScout's data show that during the latest twelve months, Pine Knot's appreciation rate, at 7.35%, has been at or slightly above the national average. In the latest quarter, Pine Knot's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.

Relative to Kentucky, our data show that Pine Knot's latest annual appreciation rate is higher than 50% of the other cities and towns in Kentucky.

Average Home Values

Median Home Value

$140,202

Pine Knot, KY Home Prices
> $1,403,000
$1,052,001 - $1,403,000
$702,001 - $1,052,000
$561,001 - $702,000
$421,001 - $561,000
$281,001 - $421,000
$140,001 - $281,000
$70,001 - $140,000
$0 - $70,000
0.0%
0.0%
0.2%
0.2%
0.0%
0.0%
0.0%
0.0%
0.3%
0.3%
4.9%
4.9%
47.9%
47.9%
22.9%
22.9%
23.8%
23.8%
0% 100.0%
% of Homes
Low

for Kentucky

Very Low

for nation

Number of Homes And Apartments:

693

Pine Knot Appreciation Rates

Rent & Ownership

Average Market Rent:

$698 / per month

Homeownership Rate

Owners
Renters
35.9%
35.9%
64.1%
64.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.0%
10.0%
90.0%
90.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.2%
13.2%
69.6%
69.6%
12.5%
12.5%
4.7%
4.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
40.4%
40.4%
0.0%
0.0%
40.6%
40.6%
0.0%
0.0%
19.0%
19.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
32.2%
32.2%
25.1%
25.1%
31.8%
31.8%
10.9%
10.9%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Pine Knot

Zip Codes in Pine Knot, KY