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 22,264 people, 8,969 houses or apartments, and a median cost of homes of $214,661, house prices in Junction City are solidly below the national average.
Single-family detached homes are the single most common housing type in Junction City, accounting for 57.33% of the city's housing units. Other types of housing that are prevalent in Junction City include large apartment complexes or high rise apartments ( 18.74%), duplexes, homes converted to apartments or other small apartment buildings ( 12.85%), and a few row houses and other attached homes ( 7.49%).
The most prevalent building size and type in Junction City are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 49.23% owning and 50.77% renting.
Junction City homes and real estate are some of the newest in America. 32.25% of Junction City's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Junction City real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.59%), and between 1940-1969 ( 25.20%). There's also some housing in Junction City built before 1939 ( 11.96%).
Vacant housing appears to be an issue in Junction City. Fully 17.05% of the housing stock is classified as vacant. Left unchecked, vacant Junction City homes and apartments can be a drag on the real estate market, holding Junction City 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Junction City, where house values have increased just 49.55%, which is annualized rate of 4.11%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Appreciation rates are so strong in Junction City that despite a nationwide downturn in the housing market, Junction City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Junction City appreciation rates continue to be some of the highest in America, at 10.72%, which is higher than appreciation rates in 90.20% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Junction City. Junction City appreciation rates in the latest quarter were at 4.06%, which equates to an annual appreciation rate of 17.27%.
Importantly, this makes Junction City one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Kansas, our data show that Junction City's latest annual appreciation rate is higher than 90% of the other cities and towns in Kansas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Junction City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Junction City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Junction City real estate investment or home purchase decisions.
$214,661
for Kansas
for nation
8,969
$1,425 / per month