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 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.
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.
$140,202
for Kentucky
for nation
693
$698 / per month