Pine Knot CDP Kentucky Area Home Supply Charts

This page looks at a variety of Pine Knot 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. Pine Knot CDP depicts it has a Housing Units of 619 which is in the mid range of other places in the metro area.

Figure 2 illustrates the housing density in the Pine Knot CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Pine Knot CDP depicts it has a Housing Density of 96.7 which is the second smallest as measured by housing density of all the other places in the metro area. The place with the highest housing density in the area is Williamsburg which depicts a density of 386.6 (approximately 4.0 times bigger). Comparing housing density to the United States average of 38.9, Pine Knot CDP is approximately 2.5 times bigger. Also, in contrast to the state of Kentucky, housing density of 50.4, Pine Knot CDP is about twice as large.

In Figure 4, Pine Knot CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Pine Knot CDP depicts it has a Housing Unit Change of -1.4% which is less than most other places in the greater region. The place with the highest change in the housing units in the area is Whitley City CDP which shows a housing units of 38.5% ( appreciably bigger). Comparing change in the housing units to the United States average of 5.7%, Pine Knot CDP is about the same size. Also, measured against the state of Kentucky, change in the housing units of 2.9%, Pine Knot CDP is about the same size.

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.) Pine Knot CDP depicts it has a Renter Percent of 35.3% which is less than most other places in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 64.7% which is the third most owner percent of all other places in the greater Pine Knot CDP region.

Pine Knot CDP Kentucky Home Cost Charts

Looking at the housing data provided in Figure 7, the average Pine Knot CDP home price is illustrated for this community and a useful analysis of affordable housing. Pine Knot CDP depicts it has a Median Home Value of $99,600 which is the second most of all the places in the greater region. The place with the highest median home price in the area is Oneida which shows a home price of $110,200 (10.6% larger). Figure 8 provides aggregate comparative data for the Pine Knot CDP Kentucky metro area in terms of the median housing rental rate, apartment rent, etc. Pine Knot CDP depicts it has a Median Gross Rent of $510 which is less than most other places in the metro area. The place with the highest rental rates in the area is Winfield which depicts a rental rates of $602 (18.0% larger). Comparing rental rates to the United States average of $1,062, Pine Knot CDP is approximately half the size. Also, benchmarked against the state of Kentucky, rental rates of $763, Pine Knot CDP is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Pine Knot CDP has the percentage of home price worth less than $50,000 in the mid range of other places in the local area at 39% of the total. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 48% 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. Pine Knot CDP indicates it has a Median Owner Cost of $407 which is less than most other places in the greater region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Pine Knot CDP metro area. it has a Owner Cost as % of HH Income of 15% which is less than most other places in the local 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. Pine Knot CDP shows it has a Median Home Value as Percent of Median Earnings of 352% which is more than all other places in the local 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.) Pine Knot CDP shows it has a Median Owner Costs-With Mortgage of $848 which is in the middle range of other places in the metro area. 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 $224 which is less than most other places in the local 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. Pine Knot CDP has the percentage of owner cost between $300 and $500 less than most other places in the surrounding region at 6% of the total. Second, it has the second smallest when sorted by owner cost less than $300 of all the other places in the metro area as measured by owner cost between $500 and $700 at 7% of the total.

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.) Pine Knot CDP depicts it has a % of Income Owner Costs-With Mortgage of 36% which is the highest of all places in the greater Pine Knot CDP region. 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. Pine Knot CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is in the mid point range of other places in the metro area. The place with the highest cost as a percent of household income in the area is Stearns CDP which shows a cost as a percent of household income of 16% (77.8% larger).

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.) Pine Knot CDP has the largest proportion of rent as a percent of income is between 30pct to 40pct at 23% of the total and is ranked #1. Second, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 28% of the total and is ranked #2. The only larger place being Whitley City CDP with 35%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Pine Knot 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 $700 and $1,000 at 15% 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 $417 which is less than most other places in the metro area. The place with the highest median real estate taxes paid in the area is Oneida which depicts a taxes paid of $951 (approximately 2.3 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, Pine Knot CDP is approximately a sixth the size. Also, compared to the state of Kentucky, median real estate taxes paid of $1,210, Pine Knot CDP is approximately a third the size.

Figure 22 shows the percentage of renters who pay for utilities in Pine Knot 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. Pine Knot CDP has one of the largest proportions of pay extra for utilities at 14% of the total and is ranked #3. Only #2 Winfield (16%), and #1 Oneida (22%) are larger.

Figure 23 shows the rental rate distribution for this area. Pine Knot CDP Kentucky has the percentage of rent between 300 and 500 dollars the second smallest as measured by rent less than 300 dollars of all the other places in the local area at 28% of the total. Second, it has the largest proportion of rent between 750 and 1000 dollars at 12% of the total and is ranked #1.

Pine Knot CDP Kentucky Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.6 which is the smallest in terms of family members per housing unit of all the other places in the greater region. The place with the highest family members per housing unit in the area is Williamsburg which depicts a family members per housing unit of 3.7 (44.7% larger). Comparing family members per housing unit to the United States average of 3.3, Pine Knot CDP is approximately three-fourths the size. Also, measured against the state of Kentucky, family members per housing unit of 3.1, Pine Knot CDP is about 21.5% 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 5.2 which is less than most other places in the greater region. The place with the highest average number of rooms in a house in the area is Emlyn CDP which indicates an average number of rooms in a house of 6.3 (21.2% 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 1975 which is the second smallest in order of year built of all the other places in the greater region. The place with the highest year built in the area is Winfield which depicts a year built of 1991 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 in the mid range of other places in the metro area at 7% of the total. Second, it has the second smallest when sorted by homes built in 2014 or later of all the other places in the metropolitan area as measured by homes built between 2000 to 2009 at 9% of the total. Third, it has the smallest proportion of homes built between 1990 to 1999 at 10% of the total. Also, it has the largest proportion of homes built between 1980 to 1989 at 46% of the total and is ranked #1. In addition, it has one of the largest proportions of homes built between 1970 to 1979 at 18% of the total and is ranked #2. The only larger place being Williamsburg with 20%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units in the middle range of other places in the greater region at 190 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 2 units less than most other places in the local area at 4% of the total. Second, it has one of the largest proportions of 50 or more units at 30% of the total and is ranked #3. Only #2 Stearns CDP (37%), and #1 Winfield (38%) are larger.

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 Pine Knot CDP residents. it has a Owner-Household Size of 1.9 which is the smallest when ranked by homeowner household size of all the other places in the local area. The place with the highest homeowner household size in the area is Emlyn CDP which depicts a homeowner household size of 3.0 (56.0% larger).

Figure 37 shows the household size for renters. Pine Knot CDP depicts it has a Renter-Household Size of 2.3 which is the second smallest when sorted by renter household size of all the other places in the metro area. The place with the highest renter household size in the area is Stearns CDP which shows a renter household sizes of 3.9 (66.8% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2010 to 2014 less than most other places in the local area at 11% of the total. Second, it has the largest proportion of owners moved in 1990 to 1999 at 51% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Pine Knot CDP has the percentage of renters moved in 2017 or later the second smallest as measured by renters moved in 2017 or later of all the other places in the local area at 17% of the total. Second, it has less than most other places in the surrounding region in order of renters moved in 2015 to 2016 at 25% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 21% of the total and is ranked #1. Also, it has the largest proportion of renters moved in 1990 to 1999 at 18% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1991 which is the second smallest in terms of median year that a home owner moved in of all the other places in the local area. Figure 41 compares the median year that renters moved into their home. Pine Knot CDP depicts it has a Renter Median Year Moved In of 2012 which is the second smallest when sorted by median year that a renter moved in of all the other places in the greater 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 home using bottled, tank, or lp gas at 71% of the total and is ranked #3. Only #2 Whitley City CDP (78%), and #1 Stearns CDP (84%) are larger. Second, it has the largest proportion of homes using coal or coke at 25% 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 Pine Knot CDP housing department, Kentucky department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Pine Knot CDP depicts it has a Total In Group Quarters of 372 which is the second most number of people in group quarters of all the places in the greater Pine Knot CDP region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Pine Knot 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.) Pine Knot CDP has the percentage of number of people under 18 years of age and in group quarters in the mid range of other places in the area at 88% of the total.