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Cities with the fastest growing home prices in Owensboro metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Owensboro, KY metro area using data from Zillow. Cities are ranked by 1-year price change as of January 2023. The typical home value in the United States increased over the last year by +6.2% to $329,542. All 13 cities and towns with data available were included in the list.

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Stacker

#13. Fordsville, KY

– 1-year price change: +$11,596 (+10.7%)
– 5-year price change: +$37,653 (+45.7%)
– Typical home value: $120,026 (#12 most expensive city in metro)

Stacker

#12. Sacramento, KY

– 1-year price change: +$14,445 (+13.4%)
– 5-year price change: +$50,554 (+70.3%)
– Typical home value: $122,445 (#10 most expensive city in metro)

Stacker

#11. Island, KY

– 1-year price change: +$15,212 (+14.2%)
– 5-year price change: +$54,624 (+80.3%)
– Typical home value: $122,634 (#9 most expensive city in metro)

Stacker

#10. Maceo, KY

– 1-year price change: +$15,558 (+10.9%)
– 5-year price change: +$52,083 (+48.9%)
– Typical home value: $158,499 (#7 most expensive city in metro)

Stacker

#9. Rumsey, KY

– 1-year price change: +$15,947 (+19.4%)
– 5-year price change: +$24,660 (+33.5%)
– Typical home value: $98,212 (#13 most expensive city in metro)

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Stacker

#8. Whitesville, KY

– 1-year price change: +$16,197 (+10.6%)
– 5-year price change: +$62,511 (+58.5%)
– Typical home value: $169,394 (#4 most expensive city in metro)

Stacker

#7. Livermore, KY

– 1-year price change: +$17,670 (+17.1%)
– 5-year price change: +$51,687 (+74.5%)
– Typical home value: $121,026 (#11 most expensive city in metro)

Stacker

#6. Owensboro, KY

– 1-year price change: +$18,023 (+10.8%)
– 5-year price change: +$65,220 (+54.4%)
– Typical home value: $185,153 (#3 most expensive city in metro)

Stacker

#5. Utica, KY

– 1-year price change: +$18,084 (+10.1%)
– 5-year price change: +$72,182 (+57.8%)
– Typical home value: $197,110 (#2 most expensive city in metro)

Stacker

#4. Lewisport, KY

– 1-year price change: +$19,149 (+13.7%)
– 5-year price change: +$62,349 (+64.5%)
– Typical home value: $159,020 (#6 most expensive city in metro)

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Stacker

#3. Calhoun, KY

– 1-year price change: +$21,223 (+16.2%)
– 5-year price change: +$56,697 (+59.5%)
– Typical home value: $151,980 (#8 most expensive city in metro)

Stacker

#2. Philpot, KY

– 1-year price change: +$21,353 (+10.9%)
– 5-year price change: +$75,787 (+53.7%)
– Typical home value: $216,891 (#1 most expensive city in metro)

Stacker

#1. Hawesville, KY

– 1-year price change: +$26,068 (+18.4%)
– 5-year price change: +$68,823 (+69.7%)
– Typical home value: $167,558 (#5 most expensive city in metro)