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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.



Verona, 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

Verona, KY Housing Market Trends

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%).

Verona Home Appreciation Rates

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.

Average Home Values

Median Home Value

$531,088

Verona, KY Home Prices
> $1,510,000
$1,133,001 - $1,510,000
$755,001 - $1,133,000
$604,001 - $755,000
$453,001 - $604,000
$302,001 - $453,000
$151,001 - $302,000
$76,001 - $151,000
$0 - $76,000
0.9%
0.9%
4.6%
4.6%
14.4%
14.4%
27.4%
27.4%
6.6%
6.6%
20.7%
20.7%
19.7%
19.7%
0.9%
0.9%
4.7%
4.7%
0% 100.0%
% of Homes
Very High

for Kentucky

Very High

for nation

Number of Homes And Apartments:

421

Verona Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,504 / per month

Homeownership Rate

Owners
Renters
88.4%
88.4%
11.6%
11.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.2%
5.2%
94.8%
94.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
45.5%
45.5%
21.8%
21.8%
25.9%
25.9%
6.8%
6.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
94.6%
94.6%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
5.4%
5.4%
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
0.0%
0.0%
0.0%
0.0%
20.9%
20.9%
56.8%
56.8%
5.0%
5.0%
17.3%
17.3%
0% 100.0%
% of Homes