Fort Mitchell City, Kentucky Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Fort Mitchell City, Kentucky rental market.
Fort Mitchell City, Kentucky
Average Apartment Rent
$1,131
Y-o-Y Change in Average
Apartment Rent
4.6%
As of November 2024
Compared to a year ago, Fort Mitchell City, Kentucky apartments have recorded a 4.6% rent increase.
Fort Mitchell City, Kentucky Average apartment rent trend
Fort Mitchell City, Kentucky Average Apartment Rent
Fort Mitchell City, Kentucky Apartment rent ranges
At 57.96%, apartments priced $1,000 - $1,500 represent the bulk of Fort Mitchell City, Kentucky rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.04%.
Fort Mitchell City, Kentucky Housing tenure**
Renters take up 45% of Fort Mitchell City, Kentucky real estate, occupying a total of 1,576 units, while homeowners live in 1,901 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$46,328
Average household size of renter-occupied housing units**
1.89
Fort Mitchell City, Kentucky Renter-occupied housing units by no. of bedrooms**
There are 714 rentals in Fort Mitchell City, Kentucky with 2 beds making up the highest share of the market, at 45%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 23 units. Overall, the median number of rooms in Fort Mitchell City, Kentucky homes for rent is 3.7.
Fort Mitchell City, Kentucky Renter-occupied units by age of householder**
Most condos for rent in Fort Mitchell City, Kentucky are occupied by residents in the 25 - 34 years age group (34%), followed by those in the 45 - 54 years age group (13%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Fort Mitchell City, Kentucky Renter-occupied housing units by family type**
Fort Mitchell City, Kentucky Renter-occupied housing units by the presence of own children**
A total of 491 apartments for rent in Fort Mitchell City, Kentucky, or 31% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 308 units. All in all, the median size of a renter-occupied household in Fort Mitchell City, Kentucky is 1.89.
Fort Mitchell City, Kentucky Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 42% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Fort Mitchell City, Kentucky.
Fort Mitchell City, Kentucky Renter-occupied units by year structure built**
The highest share of Fort Mitchell City, Kentucky apartment rentals, namely 37% or 586 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (24%, 375 units), and the ones Built 1990 - 1999 (15%, 243 units).
Fort Mitchell City, Kentucky Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most Fort Mitchell City, Kentucky renters (52%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Fort Mitchell City, Kentucky condos for rent is 2015.
Fort Mitchell City, Kentucky Renter-occupied housing units by vehicles available**
When it comes to transportation options, 70% of Fort Mitchell City, Kentucky renters have 1 vehicle available per household, 20% of them have 2 vehicles available, and 8% have 3 or more vehicles available.
Fort Mitchell City, Kentucky Means of transportation to work of householders living in renter-occupied housing units**
Fort Mitchell City, Kentucky Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Fort Mitchell City, Kentucky apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
