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London Micro Area Housing

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As of 2010-2014, median price of a house in London Area is $82,100, which is lower than the state average of $121,600 and is much lower than the national average of $175,700. The median year that a house in London Area was built is 1985, which is newer than the median year for a house built in the state which is 1978 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 32,836 Owner Occupied Houses in London Area, #799

London Area	82,100 USD
Kentucky	121,600 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

London Area		-11.72%
Kentucky		40.25%
U.S.		46.91%

*The London Area median house price growth rate is since 2005-2009. The Kentucky and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	London Area	Kentucky	U.S.
Total Housing Units	55,056, see rank, 100%	1,938,836	132,741,033
Occupied Housing Units	48,639, 88.34%, see rank	87.80%	87.55%
Owner Occupied	32,836, 59.64%, see rank	59.42%	56.34%
Renter Occupied	15,803, 28.70%, see rank	28.38%	31.21%
Vacant Housing Units	6,417, 11.66%, see rank	12.20%	12.45%
For Rent	1,004, 1.82%, see rank	2.04%	2.34%
For Sale Only	764, 1.39%, see rank	1.33%	1.20%
Rented or Sold, Not Occupied	514, 0.93%, see rank	1.59%	0.92%
For Seasonal, Recreational, or Occasional Use	856, 1.55%, see rank	2.24%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.03%	0.03%
Other Vacant	3,279, 5.96%, see rank	4.97%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #114

London Area	Kentucky	U.S.
1985	1978	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	London Area	%	Kentucky	U.S.
Owner-Occupied Units	32,836	100%	1,152,012	74,787,460
With a Mortgage	15,663	47.70%, see rank	60.42%	65.58%
Without a Mortgage	17,173	52.30%, see rank	39.58%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

London Area	929 USD
Kentucky	1,124 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	London Area	%	Kentucky	U.S.
$299 or Less	114	0.73%, see rank	0.45%	0.20%
$300 to $499	1,206	7.70%, see rank	4.00%	1.59%
$500 to $699	2,645	16.89%, see rank	10.65%	5.01%
$700 to $999	4,735	30.23%, see rank	24.79%	14.32%
$1,000 to $1,499	4,822	30.79%, see rank	34.58%	27.90%
$1,500 to $1,999	1,279	8.17%, see rank	14.86%	20.35%
$2,000 to $2,999	641	4.09%, see rank	8.07%	19.52%
$3,000 or More	221	1.41%, see rank	2.60%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

London Area	22.90% of the Total Income
Kentucky	21.20% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	London Area	%	Kentucky	U.S.
10% or Less	1,083	6.91%, see rank	7.42%	5.86%
10% to 20%	5,159	32.94%, see rank	38.63%	31.95%
20% to 30%	4,134	26.39%, see rank	26.40%	27.64%
30% to 40%	1,919	12.25%, see rank	11.52%	13.74%
40% or More	3,220	20.56%, see rank	15.53%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

London Area	288 USD
Kentucky	336 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	London Area	%	Kentucky	U.S.
$199 or Less	3,572	20.80%, see rank	15.39%	7.76%
$200 to $299	5,629	32.78%, see rank	25.19%	14.70%
$300 to $499	5,855	34.09%, see rank	40.30%	34.63%
$500 to $699	1,632	9.50%, see rank	13.29%	21.16%
$700 or More	485	2.82%, see rank	5.82%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

London Area	11.60% of the Total Income
Kentucky	10.90% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	London Area	%	Kentucky	U.S.
10% or Less	7,254	42.24%, see rank	45.97%	40.19%
10% to 20%	5,653	32.92%, see rank	30.79%	31.47%
20% to 30%	1,744	10.16%, see rank	10.69%	12.24%
30% to 40%	899	5.23%, see rank	4.50%	5.64%
40% or More	1,399	8.15%, see rank	6.79%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	London Area	Kentucky	U.S.
Total Housing Units	55,056, 100%	1,938,836	132,741,033
1-unit, Detached	32,393, 58.84%, see rank	67.21%	61.65%
1-unit, Attached	421, 0.76%, see rank	2.45%	5.82%
2 Units	1,257, 2.28%, see rank	3.05%	3.75%
3 or 4 Units	1,598, 2.90%, see rank	4.01%	4.43%
5 to 9 Units	2,166, 3.93%, see rank	4.66%	4.78%
10 or More Units	1,142, 2.07%, see rank	6.39%	13.08%
Mobile Home, Boat, RV, Van, etc.	16,079, 29.20%, see rank	12.23%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	London Area	Kentucky	U.S.
Total Housing Units	55,056, 100%	1,938,836	132,741,033
1 Room	417, 0.76%, see rank	1.31%	1.95%
2 Rooms	806, 1.46%, see rank	1.58%	2.48%
3 Rooms	3,642, 6.62%, see rank	6.92%	9.13%
4 Rooms	10,390, 18.87%, see rank	16.56%	16.60%
5 Rooms	14,531, 26.39%, see rank	22.96%	20.41%
6 Rooms	10,817, 19.65%, see rank	19.01%	18.06%
7 Rooms	6,151, 11.17%, see rank	12.52%	12.27%
8 Rooms	4,038, 7.33%, see rank	8.32%	8.48%
9 Rooms or More	4,264, 7.74%, see rank	10.81%	10.60%
Median Rooms	5.30, see rank	5.50	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	London Area	Kentucky	U.S.
Total Housing Units	55,056, 100%	1,938,836	132,741,033
No Bedroom	459, 0.83%, see rank	1.42%	2.17%
1 Bedroom	2,986, 5.42%, see rank	8.44%	11.16%
2 Bedrooms	17,312, 31.44%, see rank	27.38%	26.69%
3 Bedrooms	26,933, 48.92%, see rank	44.95%	39.70%
4 Bedrooms	5,983, 10.87%, see rank	14.32%	16.05%
5 or More Bedrooms	1,383, 2.51%, see rank	3.49%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	London Area	Kentucky	U.S.
Total Housing Units	48,639, 100%	1,702,235	116,211,092
Utility Gas	10,870, 22.35%, see rank	38.22%	48.85%
Bottled, Tank, or LP Gas	2,149, 4.42%, see rank	6.49%	4.86%
Electricity	33,085, 68.02%, see rank	50.50%	36.68%
Fuel Oil, Kerosene, etc.	589, 1.21%, see rank	1.03%	5.86%
Coal or Coke	396, 0.81%, see rank	0.25%	0.12%
Wood	1,325, 2.72%, see rank	2.95%	2.12%
Solar Energy	6, 0.01%, see rank	0.02%	0.05%
Other Fuel	156, 0.32%, see rank	0.30%	0.47%
No Fuel Used	63, 0.13%, see rank	0.24%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	London Area	Kentucky	U.S.
Occupied Units Paying Rent	13,402, 100%	496,536	39,201,928
$199 or Less	537, 4.01%, see rank	3.01%	1.50%
$200 to $299	858, 6.40%, see rank	5.28%	3.18%
$300 to $499	3,432, 25.61%, see rank	15.95%	7.37%
$500 to $699	5,377, 40.12%, see rank	30.85%	16.01%
$700 to $999	2,469, 18.42%, see rank	29.97%	29.17%
$1,000 to $1,499	568, 4.24%, see rank	12.25%	26.88%
$1,500 to $1,999	114, 0.85%, see rank	1.85%	9.79%
$2,000 or More	47, 0.35%, see rank	0.83%	6.10%
Median	$566, see rank	$667	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	London Area	Kentucky	U.S.
Occupied Housing Units	48,639, 100%	1,702,235	116,211,092
No Vehicles Available	4,498, 9.25%, see rank	7.85%	9.12%
1 Vehicles Available	16,568, 34.06%, see rank	33.49%	33.80%
2 Vehicles Available	18,335, 37.70%, see rank	38.04%	37.48%
3 or More Vehicles Available	9,238, 18.99%, see rank	20.62%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.