Fancy Farm CDP Kentucky Area Home Supply Charts

This page looks at a variety of Fancy Farm CDP Kentucky housing market data taken from the most recent 2022 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. Fancy Farm CDP shows it has a Housing Units of 137 which is the third most housing units of all other places in the greater Fancy Farm CDP region.

Figure 2 illustrates the housing density in the Fancy Farm CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Fancy Farm CDP shows it has a Housing Density of 156.4 which is the third most of all other places in the surrounding region. The place with the highest housing density in the area is Mayfield which shows a density of 685.9 (approximately 4.4 times bigger). Comparing housing density to the United States average of 39.5, Fancy Farm CDP is approximately 4.0 times bigger. Also, versus the state of Kentucky, housing density of 50.5, Fancy Farm CDP is approximately 3.1 times bigger.

In Figure 4, Fancy Farm CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Fancy Farm CDP depicts it has a Housing Unit Change of -36.0% which is the smallest when sorted by change in the housing units of all the other places in the local area. The place with the highest change in the housing units in the area is Hickory CDP which depicts a housing units of 94.4% (approximately 2.6 times bigger). Comparing change in the housing units to the United States average of 7.4%, Fancy Farm CDP is approximately 4.9 times bigger. Also, measured against the state of Kentucky, change in the housing units of 3.2%, Fancy Farm CDP is very much bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Fancy Farm CDP shows it has a Renter Percent of 56.4% which is is the uppermost of the places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 43.6% which is the smallest in order of owner percent of all the other places in the metro area.

Fancy Farm CDP Kentucky Home Cost Charts

Looking at the housing data provided in Figure 7, the average Fancy Farm CDP home price is illustrated for this community and a useful analysis of affordable housing. Fancy Farm CDP depicts it has a Median Home Value of $102,600 which is the second most median home prices of all the places in the greater Fancy Farm CDP region. The place with the highest median home price in the area is Mayfield which shows a home price of $107,400 (only about 4.7% larger). Figure 8 provides aggregate comparative data for the Fancy Farm CDP Kentucky metro area in terms of the median housing rental rate, apartment rent, etc. Fancy Farm CDP shows it has a Median Gross Rent of $441 which is the third most rental rates of all other places in the greater Fancy Farm CDP region. The place with the highest rental rates in the area is Wingo which depicts a rental rates of $583 (32.2% larger). Comparing rental rates to the United States average of $1,163, Fancy Farm CDP is approximately a third the size. Also, compared to the state of Kentucky, rental rates of $826, Fancy Farm CDP is approximately half the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Fancy Farm CDP has the percentage of home price worth less than $50,000 less than most other places in the metropolitan area at 31% of the total. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 43% of the total and is ranked #3. Only #2 Mayfield (43%), and #1 Hickory CDP (51%) are larger. Third, it has the largest proportion of home price worth between $200,000 to $300,000 at 10% 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. Fancy Farm CDP depicts it has a Median Owner Cost of $635 which is the second most median ownership cost of all the places in the greater Fancy Farm CDP region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Fancy Farm CDP metro area. it has a Owner Cost as % of HH Income of 13% which is the third most cost as a percent of household income of all other places in the greater Fancy Farm CDP 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. Fancy Farm CDP depicts it has a Median Home Value as Percent of Median Earnings of 281% which is the highest of all places in the greater Fancy Farm CDP region.

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.) Fancy Farm CDP shows it has a Median Owner Costs-With Mortgage of $850 which is the second most median housing cost of all the places in the greater Fancy Farm CDP 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 $473 which is the largest of all places in the greater Fancy Farm 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. Fancy Farm CDP has the smallest proportion of owner cost less than $300 at 17% of the total. Second, it has one of the largest proportions of owner cost between $300 and $500 at 34% of the total and is ranked #3. Only #2 Pryorsburg CDP (36%), and #1 Hickory CDP (49%) are larger. Third, it has one of the largest proportions of owner cost between $500 and $700 at 28% of the total and is ranked #2. The only larger place being Cunningham CDP with 29%.

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.) Fancy Farm CDP depicts it has a % of Income Owner Costs-With Mortgage of 12% which is less than most other places in the local area. The place with the highest cost as a percent of household income in the area is Cunningham CDP which depicts a cost as a percent of household income of 36% (approximately 3.1 times bigger). 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. Fancy Farm CDP shows it has a % of Income Owner Costs-No Mortgage of 15% which is more than all other places in the metropolitan area.

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Fancy Farm CDP has one of the largest proportions of rent as a percent of income is less than 10 pct at 17% of the total and is ranked #3. Only #2 Mayfield (21%), and #1 Wingo (37%) are larger. Second, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 43% of the total and is ranked #2. The only larger place being Pryorsburg CDP with 56%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Fancy Farm CDP has the largest proportion of housing cost between $500 and $700 at 34% 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 $708 which is the third most median real estate taxes paid of all other places in the greater Fancy Farm CDP region. The place with the highest median real estate taxes paid in the area is Cunningham CDP which shows a taxes paid of $1,109 (56.6% larger). Comparing median real estate taxes paid to the United States average of $2,690, Fancy Farm CDP is approximately a quarter the size. Also, measured against the state of Kentucky, median real estate taxes paid of $1,320, Fancy Farm CDP is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Fancy Farm CDP Kentucky. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Fancy Farm CDP has one of the largest proportions of pay extra for utilities at 35% of the total and is ranked #2. The only larger place being Pryorsburg CDP with 44%.

Figure 23 shows the rental rate distribution for this area. Fancy Farm CDP Kentucky has the largest proportion of rent less than 300 dollars at 33% of the total and is ranked #1. Second, it has one of the largest proportions of rent between 500 and 750 dollars at 39% of the total and is ranked #2. The only larger place being Pryorsburg CDP with 56%.

Fancy Farm CDP Kentucky Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 4.5 which is the highest of all places in the surrounding region. Comparing family members per housing unit to the United States average of 3.3, Fancy Farm CDP is 37.1% larger. Also, compared with the state of Kentucky, family members per housing unit of 3.2, Fancy Farm CDP is 42.5% 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 5.1 which is less than most other places in the surrounding region. The place with the highest average number of rooms in a house in the area is Pryorsburg CDP which depicts an average number of rooms in a house of 5.9 (15.7% 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 in the middle range of other places in the surrounding region. The place with the highest year built in the area is Hickory CDP which depicts a year built of 1979 ( 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 20% of the total and is ranked #1. Second, it has in the mid range of other places in the local area in order of homes built between 1970 to 1979 at 22% of the total. Third, it has one of the largest proportions of homes built between 1940 to 1949 at 23% of the total and is ranked #2. The only larger place being Cunningham CDP with 39%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 75 of the total and is ranked #2. The only larger place being Mayfield with 1,958.

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 3 or 4 units at 10% of the total and is ranked #1. Second, it has the largest proportion of 5 to 9 units at 15% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 1970 to 1979 at $119,600 of the total and is ranked #2. The only larger place being Mayfield with $151,600.

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. has the percentage of occupied housing units the second smallest when ranked by occupied housing units of all the other places in the greater region at 3% of the total.

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 Fancy Farm CDP residents. it has a Owner-Household Size of 3.0 which is the highest of all places in the greater Fancy Farm CDP region.

Figure 37 shows the household size for renters. Fancy Farm CDP depicts it has a Renter-Household Size of 1.4 which is the second smallest as measured by renter household size of all the other places in the local area. The place with the highest renter household size in the area is Pryorsburg CDP which shows a renter household sizes of 4.6 (approximately 3.3 times bigger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2015 to 2018 less than most other places in the metro area at 7% of the total. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 11% of the total. Third, it has one of the largest proportions of owners moved in 2000 to 2009 at 53% of the total and is ranked #2. The only larger place being Pryorsburg CDP with 56%. Figure 39 shows the year that people who rent moved into the area. Fancy Farm CDP has the percentage of renters moved in 2019 or later in the middle range of other places in the surrounding region at 67% of the total. Second, it has one of the largest proportions of renters moved in 2015 to 2018 at 33% of the total and is ranked #2. The only larger place being Hickory CDP with 100%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1994 which is the second smallest when sorted by median year that a home owner moved in of all the other places in the metro area. Figure 41 compares the median year that renters moved into their home. Fancy Farm CDP depicts it has a Renter Median Year Moved In of 2015 which is the third most of all other places in the local area.

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 32% of the total and is ranked #2. The only larger place being Lowes CDP with 38%. Second, it has the largest proportion of home using bottled, tank, or lp gas at 64% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Fancy Farm CDP housing department, Kentucky department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Fancy Farm CDP shows it has a Total In Group Quarters of 5 which is the third most number of people in group quarters of all other places in the greater Fancy Farm CDP region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Fancy Farm CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Fancy Farm CDP has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.