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Elizabethtown, KY - House Price Index (HPI) - 14 Year Chart
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Elizabethtown Real Estate Market
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The House Price Index (HPI) shows changes in Elizabethtown, KY single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Thursday, April 19, 2012. Real
estate forecasts, analysis, statistics and appreciation rates are provided below.
Elizabethtown Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 10165
4th Quarter, 2011 Housing Statistics: Elizabethtown, Kentucky
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: UP
Forecast Accuracy: 89%
Forecast-Chart.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Elizabethtown housing market for the
12 months ending with the 4th Quarter of 2012 is UP. The Accuracy of the
Trend Forecast for Elizabethtown is 89%. In other words, when tested against
historical data, the forecasting methodology was correct 89% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for rising house
prices in Elizabethtown is 89% during this period. If this Housing Market
Forecast is correct, home prices will be higher in the 4th Quarter of 2012 than
they were in the 4th Quarter of 2011. Check this page each quarter for updates
to the Elizabethtown Real Estate Market Forecast.
3 Year Forecast: UP
Forecast Accuracy: 95%
The forecast for the trend in the Elizabethtown housing market for the 3 years
ending with the 4th Quarter of 2014 is UP. The Accuracy of the Trend Forecast
for Elizabethtown is 95%. In other words, when tested against historical data,
the forecasting methodology was correct 95% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for rising house prices in
Elizabethtown is 95% during this period. If this Housing Market Forecast is
correct, home prices will be higher in the 4th Quarter of 2014 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Elizabethtown Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Elizabethtown, Kentucky
Historical Home Price Appreciation
Last Quarter 0.25%
Last Year . . . . . . . . . . . . . . . . . . . . 1.2%
Last 5 Years 6%
Last 10 Years . . . . . . . . . . . . . . . . . 37%
Last 20 Years
Annual Home Price Appreciation Rates
1982 n/a
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 n/a
1988 n/a
1989 n/a
1990 n/a
1991 n/a
1992 n/a
1993 n/a
1994 3.50%
1995 7.31%
1996 5.14%
1997 3.78%
1998 4.78%
1999 3.44%
2000 1.50%
2001 6.86%
2002 4.23%
2003 2.79%
2004 8.45%
2005 3.93%
2006 6.52%
2007 2.80%
2008 -0.48%
2009 -1.35%
2010 4.22%
2011 1.19%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.25% Rank: 189 of 381 (50th Percentile)
Last Year . . . . . . . . . . . . . . . . 1.2% Rank: 18 of 381 (95th Percentile)
Last 5 Years 6% Rank: 30 of 381 (92nd Percentile)
Last 10 Years . . . . . . . . . . . . 37% Rank: 90 of 381 (76th Percentile)
Home Price appreciation rates for Elizabethtown, KY are shown above for five
time periods. For example: Elizabethtown appreciated 0.25% in the Last
Quarter. At that rate, the Elizabethtown Real Estate Market was ranked 189th
out of 381 metropolitan areas for Real Estate Appreciation. Elizabethtown was
in the 50th percentile. So Elizabethtown, KY performed better in the Last
Quarter than 50% of the 381 metropolitan areas covered in
Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 Housing Statistics: Elizabethtown, Kentucky
The all time high in the Elizabethtown Home Price Index was 177.0 in the 4th
Quarter, of 2011. The Home Price Index indicates that the Elizabethtown
Market is up 37% over the last 10 years. Home prices in the Elizabethtown Real
Estate Market have gained 1.19% over the last 12 months.
The 4th Quarter index value was 0.44 points higher than the 3rd Quarter, 2011
index value of 176.59, resulting in a 0.25% rise in the 4th Quarter for the
Elizabethtown Market.
The Elizabethtown Home Price Index has increased for the last 2 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Wheeling, WV; Washington, DC; St. Cloud, MN and Grand
Forks, ND, with increases in the last 4 consecutive quarters. The current record
holder for consecutive declines in the Home Price Index is Las Vegas, NV, with
declines in the last 20 consecutive quarters.
The highest annual home appreciation rate in the Elizabethtown Real Estate
Market was 10% in the twelve months ended with the 2nd Quarter of 1995. The
worst annual home appreciation rate in the Elizabethtown Market was -1% in the
twelve months ended with the 4th Quarter of 2009.
The highest home appreciation in the Elizabethtown Real Estate Market over a
three year period was 21% in the three years ended with the 3rd Quarter of
2006. The worst home appreciation over a three year period in the
Elizabethtown Market was -2% in the three years ended with the 2nd Quarter of
2011.
This page provides a long term graph of the Elizabethtown Home Price Index
(above). The house price chart has been updated through the 4th Quarter of
2011. For more information about Elizabethtown Home Prices, look at the links
under that chart. One link opens a long term chart of historical appreciation
rates for the Elizabethtown Real Estate Market. Another opens a forecast for
appreciation rates in the state of Kentucky. Just one glance at
Forecast-Chart.com's long term charts can provide tremendous insight into the
historical trends of residential property values. Bookmark this page! Then
Forecast-Chart.com's detailed research and statistics about Elizabethtown
Home Prices will be at your fingertips when you need them.
Historical data on the Elizabethtown Home Price Index is available back to the
1st Quarter, of 1994. All calculations are based on the quarterly value of the
House Price Index for the Elizabethtown Market. The terms House Price Index
and Home Price Index, as used in this site, refer to the Federal Housing
Finance Agency (FHFA) House Price Index.
Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Elizabethtown Real Estate Market and
hundreds of other cities. As a result, Home Price data is not available for a
number of months after the end of each quarter.
Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2011 Housing Data: Elizabethtown, Kentucky
The appreciation of Elizabethtown Home Prices relative to 380 other
metropolitan areas is detailed below. Each metropolitan area contains one or
more cities. Five different time periods are reviewed. Each paragraph identifies
the top and bottom performing markets as well as the average and median
performance for all cities during each time period.
Last Quarter:
During the 4th Quarter of 2011, Elizabethtown Home Prices had a rank of 189,
with appreciation of 0.25%. The top performing real estate market during the
4th Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market
during that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.
Last Year:
During the last 12 months, Elizabethtown Home Prices had a rank of 18, with
appreciation during the year of 1.19%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Elizabethtown Home
Prices ranked 30, with a total appreciation of 6.4%. The top performing real
estate market during the 5 year period was Midland, TX, with appreciation of
23%. The worst market during that period was Merced, CA, with appreciation of
-62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Elizabethtown Home
Prices had a rank of 90, with appreciation during the decade of 37%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.
Last 20 Years:
Twenty year data is not available
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.
Historical research data on the Home Price Index for the Elizabethtown Real
Estate Market is available back to the 1st Quarter, of 1994. All calculations are
based on the quarterly value of the House Price Index for Elizabethtown. Real
estate appreciation figures represent total appreciation over each time period.
(Unless specifically stated, the appreciation figures do not represent annual or
quarterly rates of appreciation.)
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