According to statistics, the population in Madisonville, KY amounts to 19,303, which shows decline -2% compared to the previous year. The median age of the city’s residents is 38. The average household income is $40,411, shifting decline -1% from the past year, and the average property value in Madisonville, KY growth 9% to $109,400 throughout the year.
|Number Of Employees||7,822|
|Median Property Value||$109,400|
The average household income in Madisonville, KY declined from $40,996 to $40,411 in the past year. This data is an estimate based upon 7,683 households in Madisonville, KY . The chart below presents how household income is distributed in Madisonville, KY in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Madisonville, KY shifted from $100,400 to $109,400 throughout the year. The subsequent graph indicates the share of properties in the given price range in Madisonville, KY in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Madisonville, KY properties falls in the '$100,000 to $124,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Madisonville, KY compared to median property taxes around the country. The prevalent amount of property taxes in Madisonville, KY equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|Studio for sale||$49,900||+285.4%|
|1 bed for sale||$68,000||-9.2%|
|2 bed for sale||$77,425||-51.1%|
|3 bed for sale||$205,055||+3%|
|4+ bed for sale||$275,307||+30.2%|
During Jul 2022, the average price for an apartment in/near Madisonville, KY increased by 6.7% to $204,514.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 9.2% to $68,000. Asking price for 2-bed apartment also decreased by 51.1% and a place of this size will now cost you $77,425. A 3-bed apartment goes for $205,055, it increased by 3% lately. We discerned the rise of 4- and more bed apartment price. It increased by 30.2% and made it up to $275,307.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$204,514||+4.6%|
|Other for sale||$148,950||N/A|
|Land for sale||$138,100||N/A|
|Condos for sale||$192,450||N/A|
Price reports demonstrate that house price increased by 4.6% this month making it up to $204,514. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $192,450.