Home Values

Nicholasville Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$124,500

  • 3.1% 1-year change
  • 2.1% 1-year forecast

The median home value in Nicholasville is $124,500. Nicholasville home values have gone up 3.1% over the past year and Zillow predicts they will rise 2.1% within the next year. The median list price per square foot in Nicholasville is $94, which is lower than the Lexington Metro average of $98. The median price of homes currently listed in Nicholasville is $159,500 while the median price of homes that sold is $140,485. The median rent price in Nicholasville is $850, which is lower than the Lexington Metro median of $900.

Foreclosures will be a factor impacting home values in the next several years. In Nicholasville 3.3 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Nicholasville is 3.1%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Nicholasville homeowners underwater on their mortgage is 11.5%.

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Relative ZHVI
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Nicholasville Market Overview

Data through Aug 31, 2014
  • $124,500 ZHVI
  • 2.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $159,500 Median listing price
  • $140,485 Median sale price (Jul 31, 2014)
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Nicholasville Market Health

Data through Aug 31, 2014
  • 5.5/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 11.5% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 3.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.3 homes(Jul 31, 2014) Nicholasville
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Georgetown $151,600 Stamping Ground $149,100 Lexington $145,300
Wilmore $127,400    

Listings & Sales

Data through Aug 31, 2014
  • $94 Median list price / sq ft
  • $88 Median sale price / sq ft (Jul 31, 2014)
  • 38.9% Listings with price cut
27.0%
Sold below listing
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Nicholasville Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $900 Nicholasville
    $1,010 Lexington Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $850 Rent list price
  • No data Rent list price / sq ft
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