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 a population of 1,545, 421 total housing units (homes and apartments), and a median house value of $531,088, Verona real estate is some of the most expensive in Kentucky, although Verona home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Verona, accounting for 94.59% of the town's housing units. Other types of housing that are prevalent in Verona include mobile homes or trailers ( 5.41%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Verona. Owner-occupied housing accounts for 88.36% of Verona's homes, and 61.71% have either three or four bedrooms, which is average sized relative to America.
Verona homes and real estate are some of the newest in America. 45.50% of Verona's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Verona real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 25.90%), and between 1970-1999 ( 21.85%). There's also some housing in Verona built before 1939 ( 6.76%).
In the last 10 years, Verona has experienced some of the highest home appreciation rates of any community in the nation. Verona real estate appreciated 124.16% over the last ten years, which is an average annual home appreciation rate of 8.41%, putting Verona in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Verona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Verona that despite a nationwide downturn in the housing market, Verona real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Verona appreciation rates continue to be some of the highest in America, at 8.04%, which is higher than appreciation rates in 70.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Verona. Verona appreciation rates in the latest quarter were at 1.53%, which equates to an annual appreciation rate of 6.27%.
Relative to Kentucky, our data show that Verona's latest annual appreciation rate is higher than 80% of the other cities and towns in Kentucky.
$531,088
for Kentucky
for nation
421
$1,504 / per month