Bandana CDP Kentucky Area Home Supply Charts

This page looks at a variety of Bandana CDP Kentucky housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Bandana CDP depicts it has a Housing Units of 185 which is less than most other places in the metropolitan area.

Figure 2 illustrates the housing density in the Bandana CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Bandana CDP depicts it has a Housing Density of 98.0 which is the second smallest when sorted by housing density of all the other places in the local area. The place with the highest housing density in the area is La Center which depicts a density of 688.7 ( substantially bigger). Comparing housing density to the United States average of 38.9, Bandana CDP is approximately 2.5 times bigger. Also, benchmarked against the state of Kentucky, housing density of 50.4, Bandana CDP is about twice as large.

In Figure 4, Bandana CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Bandana CDP depicts it has a Housing Unit Change of 83.2% which is the largest of all places in the metropolitan area. Comparing change in the housing units to the United States average of 5.7%, Bandana CDP is considerably bigger. Also, benchmarked against the state of Kentucky, change in the housing units of 2.9%, Bandana CDP is very much bigger. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 100.0% which is the highest of all places in the greater Bandana CDP region.

Bandana CDP Kentucky Home Cost Charts

Looking at the housing data provided in Figure 7, the average Bandana CDP home price is illustrated for this community and a useful analysis of affordable housing. Bandana CDP shows it has a Median Home Value of $269,000 which is more than all other places in the greater Bandana CDP region.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Bandana CDP has the percentage of home price worth less than $50,000 the second smallest when ranked by home price worth less than $50,000 of all the other places in the local area at 30% of the total. Second, it has the second smallest when ranked by home price worth less than $50,000 of all the other places in the surrounding region in order of home price worth between $50,000 to $100,000 at 8% of the total. Third, it has the largest proportion of home price worth between $100,000 to $200,000 at 32% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $400,000 to $500,000 at 30% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Bandana CDP shows it has a Median Owner Cost of $1,068 which is at the top of all other places in the greater Bandana CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Bandana CDP metro area. it has a Owner Cost as % of HH Income of 15% which is in the mid range of other places in the metro area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Bandana CDP shows it has a Median Home Value as Percent of Median Earnings of 382% which is the largest of all places in the area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Bandana CDP shows it has a Median Owner Costs-With Mortgage of $1,618 which is the highest of all places in the greater Bandana CDP region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Bandana CDP has the percentage of owner cost less than $300 in the mid range of other places in the area at 36% of the total. Second, it has the largest proportion of owner cost between $1,000 and $1,500 at 44% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Bandana CDP depicts it has a % of Income Owner Costs-With Mortgage of 17% which is the second smallest as measured by cost as a percent of household income of all the other places in the greater region. The place with the highest cost as a percent of household income in the area is New Grand Chain which shows a cost as a percent of household income of 26% (46.6% larger).

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Bandana CDP has the largest proportion of housing cost between $1,000 and $1,500 at 44% of the total and is ranked #1.

Bandana CDP Kentucky Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Bandana CDP has the largest proportion of both 2nd mortgage and heloc at 75% of the total and is ranked #1. Second, it has the smallest proportion of no 2nd mortgage and no heloc at 25% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Bandana CDP has the smallest proportion of houses with mortgages at 25% of the total.

Bandana CDP Kentucky Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.4 which is in the middle range of other places in the surrounding region. The place with the highest family members per housing unit in the area is Olmsted which depicts a family members per housing unit of 3.8 (12.8% larger). Comparing family members per housing unit to the United States average of 3.3, Bandana CDP is only slightly larger. Also, compared to the state of Kentucky, family members per housing unit of 3.1, Bandana CDP is 7.0% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.5 which is the most of all places in the metropolitan area. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1967 which is less than most other places in the area. The place with the highest year built in the area is Kevil which shows a year built of 1986 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2000 to 2009 at 31% of the total and is ranked #1. Second, it has the largest proportion of homes built between 1970 to 1979 at 16% of the total and is ranked #1. Third, it has one of the largest proportions of homes built between 1960 to 1969 at 18% of the total and is ranked #2. The only larger place being Barlow with 24%. Also, it has one of the largest proportions of homes built between 1940 to 1949 at 22% of the total and is ranked #3. Only #2 Joppa (22%), and #1 New Grand Chain (43%) are larger.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of one unit detached at 10% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Bandana CDP residents. it has a Owner-Household Size of 2.9 which is the second most homeowner household size of all the places in the greater Bandana CDP region. The place with the highest homeowner household size in the area is Olmsted which shows a homeowner household size of 3.1 (8.4% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2015 to 2016 at 57% of the total and is ranked #1. Second, it has one of the largest proportions of owners moved in 2010 to 2014 at 40% of the total and is ranked #2. The only larger place being Joppa with 47%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2009 which is the largest of all places in the greater Bandana CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of homes using natural gas at 47% of the total and is ranked #2. The only larger place being New Grand Chain with 50%. Second, it has one of the largest proportions of home using bottled, tank, or lp gas at 53% of the total and is ranked #2. The only larger place being Olmsted with 53%.