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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.



West Point, 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

West Point, KY Housing Market Trends

With 942 people, 436 houses or apartments, and a median cost of homes of $97,484, house prices in West Point 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 West Point, accounting for 62.61% of the city's housing units. Other types of housing that are prevalent in West Point include mobile homes or trailers ( 19.48%), duplexes, homes converted to apartments or other small apartment buildings ( 11.30%), and a few large apartment complexes or high rise apartments ( 4.87%).

Dwellings in West Point tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.26% of the homes in West Point have two or fewer bedrooms.

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. West Point's housing was primarily built during this period, from the '40s through the '60s. A full 36.00% of the city's housing hails from this era. Other housing ages represented in West Point include homes built before 1939 ( 33.04%) and housing constructed between 1970-1999 ( 20.17%). There's also some housing in West Point built between 2000 and later ( 10.78%).

Vacant housing appears to be an issue in West Point. Fully 24.17% of the housing stock is classified as vacant. Left unchecked, vacant West Point homes and apartments can be a drag on the real estate market, holding West Point 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.

West Point Home Appreciation Rates

West Point's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in West Point during the period has been just 5.51%, which is lower than 70% of US communities.

Over the last year, West Point appreciation rates have trailed the rest of the nation. In the last twelve months, West Point's appreciation rate has been -1.20%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in West Point were at -0.58%, which equates to an annual appreciation rate of -2.28%.

Notably, West Point's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Kentucky, our data show that West Point's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.

Average Home Values

Median Home Value

$97,484

West Point, KY Home Prices
> $1,250,000
$937,001 - $1,250,000
$625,001 - $937,000
$500,001 - $625,000
$375,001 - $500,000
$250,001 - $375,000
$125,001 - $250,000
$62,001 - $125,000
$0 - $62,000
0.0%
0.0%
0.0%
0.0%
0.7%
0.7%
0.0%
0.0%
4.3%
4.3%
6.9%
6.9%
27.9%
27.9%
24.6%
24.6%
35.7%
35.7%
0% 100.0%
% of Homes
Very Low

for Kentucky

Very Low

for nation

Number of Homes And Apartments:

436

West Point Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,014 / per month

Homeownership Rate

Owners
Renters
68.3%
68.3%
31.7%
31.7%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
24.2%
24.2%
75.8%
75.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.8%
10.8%
20.2%
20.2%
36.0%
36.0%
33.0%
33.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.6%
62.6%
1.7%
1.7%
11.3%
11.3%
4.9%
4.9%
19.5%
19.5%
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
3.1%
3.1%
10.1%
10.1%
37.0%
37.0%
37.0%
37.0%
3.3%
3.3%
9.4%
9.4%
0% 100.0%
% of Homes

Popular Neighborhoods in West Point

Zip Codes in West Point, KY