Beech Grove CDP Kentucky Area Home Supply Charts

This page looks at a variety of Beech Grove 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. Beech Grove CDP shows it has a Housing Units of 191 which is less than most other places in the local area.

Figure 2 illustrates the housing density in the Beech Grove CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Beech Grove CDP depicts it has a Housing Density of 103.5 which is the second smallest when ranked by housing density of all the other places in the area. The place with the highest housing density in the area is Slaughters which depicts a density of 513.3 (approximately 5.0 times bigger). Comparing housing density to the United States average of 38.9, Beech Grove CDP is approximately 2.7 times bigger. Also, in comparison with the state of Kentucky, housing density of 50.4, Beech Grove CDP is about twice as large.

In Figure 4, Beech Grove CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Beech Grove CDP depicts it has a Housing Unit Change of 73.6% which is at the top of all other places in the greater Beech Grove CDP region. Comparing change in the housing units to the United States average of 5.7%, Beech Grove CDP is markedly bigger. Also, benchmarked against the state of Kentucky, change in the housing units of 2.9%, Beech Grove 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 more than all other places in the local area.

Beech Grove CDP Kentucky Home Cost Charts

Looking at the housing data provided in Figure 7, the average Beech Grove CDP home price is illustrated for this community and a useful analysis of affordable housing. Beech Grove CDP depicts it has a Median Home Value of $64,100 which is the second smallest when ranked by median home price of all the other places in the local area. The place with the highest median home price in the area is Hanson which depicts a home price of $125,000 (about twice as large).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Beech Grove CDP has the percentage of home price worth less than $50,000 the second smallest when sorted by home price worth less than $50,000 of all the other places in the metro area at 26% of the total. Second, it has the second smallest in order of home price worth less than $50,000 of all the other places in the metropolitan area in order of home price worth between $50,000 to $100,000 at 22% of the total.

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. Beech Grove CDP depicts it has a Median Owner Cost of $702 which is the third most median ownership cost of all other places in the greater Beech Grove CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Beech Grove CDP metro area. it has a Owner Cost as % of HH Income of 29% which is the largest of all places in the greater region. 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. Beech Grove CDP shows it has a Median Home Value as Percent of Median Earnings of 154% which is the second smallest in terms of median home value as a percent of median worker earnings of all the other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $225 which is the second smallest in order of median housing cost of all the other places in the metro area.

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. Beech Grove CDP has the percentage of owner cost less than $300 in the mid point range of other places in the surrounding region at 31% of the total. Second, it has the second smallest when ranked by owner cost less than $300 of all the other places in the metro area in order of owner cost between $300 and $500 at 14% of the total. Third, it has the largest proportion of owner cost between $1,000 and $1,500 at 22% of the total and is ranked #1. Also, it has the largest proportion of owner cost between $1,500 and $2,000 at 9% 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.) Beech Grove CDP shows it has a % of Income Owner Costs-With Mortgage of 37% which is the highest of all places in the local area. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Beech Grove CDP depicts it has a % of Income Owner Costs-No Mortgage of 26% which is the most of all places in the greater Beech Grove CDP region.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Beech Grove CDP has the smallest proportion of housing cost between $300 and $500 at 14% of the total. Second, it has the largest proportion of housing cost between $1,000 and $1,500 at 22% of the total and is ranked #1. Third, it has the largest proportion of housing cost between $1,500 and $2,000 at 9% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $543 which is the smallest as measured by median real estate taxes paid of all the other places in the metro area. The place with the highest median real estate taxes paid in the area is Hanson which shows a taxes paid of $957 (76.2% larger). Comparing median real estate taxes paid to the United States average of $2,471, Beech Grove CDP is approximately a fifth the size. Also, benchmarked against the state of Kentucky, median real estate taxes paid of $1,210, Beech Grove CDP is approximately half the size.

Beech Grove CDP Kentucky Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Beech Grove 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. Beech Grove CDP has the smallest proportion of houses with mortgages at 25% of the total.

Beech Grove CDP Kentucky Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.9 which is the smallest in terms of family members per housing unit of all the other places in the metro area. The place with the highest family members per housing unit in the area is Sebree which depicts a family members per housing unit of 3.9 (35.7% larger). Comparing family members per housing unit to the United States average of 3.3, Beech Grove CDP is about 16.4% smaller. Also, compared with the state of Kentucky, family members per housing unit of 3.1, Beech Grove CDP is about 10.1% smaller.

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 5.6 which is in the mid range of other places in the greater region. The place with the highest average number of rooms in a house in the area is Anthoston CDP which depicts an average number of rooms in a house of 6.9 (23.2% larger). 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 1966 which is less than most other places in the surrounding region. The place with the highest year built in the area is Hanson which depicts a year built of 1982 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2010 to 2013 at 11% of the total and is ranked #2. The only larger place being Hanson with 13%. Second, it has one of the largest proportions of homes built between 2000 to 2009 at 19% of the total and is ranked #2. The only larger place being Hanson with 21%. Third, it has the largest proportion of homes built between 1990 to 1999 at 16% of the total and is ranked #1. Also, it has one of the largest proportions of homes built between 1940 to 1949 at 29% of the total and is ranked #2. The only larger place being Anthoston CDP with 37%.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 16% 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 Beech Grove CDP residents. it has a Owner-Household Size of 2.5 which is less than most other places in the area. The place with the highest homeowner household size in the area is Anthoston CDP which depicts a homeowner household size of 3.1 (22.7% larger). Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 25% of the total and is ranked #2. The only larger place being Anthoston CDP with 30%. Second, it has one of the largest proportions of owners moved in 2015 to 2016 at 28% of the total and is ranked #3. Only #2 Hanson (32%), and #1 Calhoun (40%) are larger. Third, it has the largest proportion of owners moved in 2000 to 2009 at 21% of the total and is ranked #1. Also, it has the smallest proportion of owners moved in 1990 to 1999 at 4% of the total.

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 more than all other places in the greater Beech Grove CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using natural gas at 16% of the total and is ranked #1. Second, it has the largest proportion of home using bottled, tank, or lp gas at 73% of the total and is ranked #1. Third, it has the largest proportion of homes using coal or coke at 11% of the total and is ranked #1.