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 2,420 people, 864 houses or apartments, and a median cost of homes of $111,058, house prices in Dawson Springs 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 Dawson Springs, accounting for 62.71% of the city's housing units. Other types of housing that are prevalent in Dawson Springs include duplexes, homes converted to apartments or other small apartment buildings ( 14.97%), mobile homes or trailers ( 11.86%), and a few large apartment complexes or high rise apartments ( 9.79%).
People in Dawson Springs primarily live in small (one, two or no bedroom) single-family detached homes. Dawson Springs 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. Dawson Springs's housing was primarily built during this period, from the '40s through the '60s. A full 40.21% of the city's housing hails from this era. Other housing ages represented in Dawson Springs include homes built between 1970-1999 ( 31.54%) and housing constructed before 1939 ( 17.42%). There's also some housing in Dawson Springs built between 2000 and later ( 10.83%).
Vacant housing appears to be an issue in Dawson Springs. Fully 18.64% of the housing stock is classified as vacant. Left unchecked, vacant Dawson Springs homes and apartments can be a drag on the real estate market, holding Dawson Springs 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.
Appreciation rates for homes in Dawson Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 89.25%, which ranks in the top 50% nationwide. This equates to an annual average Dawson Springs house appreciation rate of 6.59%.
NeighborhoodScout's data show that during the latest twelve months, Dawson Springs's appreciation rate, at 7.16%, has been at or slightly above the national average. In the latest quarter, Dawson Springs's appreciation rate has been 1.84%, which annualizes to a rate of 7.57%.
Relative to Kentucky, our data show that Dawson Springs's latest annual appreciation rate is lower than 50% of the other cities and towns in Kentucky.
$111,058
for Kentucky
for nation
864
$1,008 / per month