Short Sale Listings in Erlanger, KY

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Home Value Estimator For Erlanger, KY

There are currently 6,201 real estate properties in Erlanger, KY, with a median automated valuation model (AVM) price of $206,401.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Erlanger, KY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Erlanger, KY, is $227,163.00, with the most expensive house in Erlanger, KY, topping out at $3,807,648.00 and the cheapest home in Erlanger, KY, clocking in at $19,244.00. In other words, there’s something for every potential homebuyer or savvy investor in Erlanger, KY!

Rent Prices In Erlanger, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Erlanger, KY, is on a rollercoaster ride. The average rent price in Erlanger, KY, is $1,187.00. Indeed, when looking to rent in Erlanger, KY, you can expect to pay as little as $500.00 or as much as $2,820.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Erlanger, KY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Erlanger, KY In 2024

Erlanger is located in Kenton, Kentucky, with an estimated municipal population of 19,246 residents. All of the best foreclosed homes for sale in Erlanger are located in the following zip code areas on 41018 41017 41051. The estimated population per square kilometer (.62 miles) in Erlanger is 888.

Cost Of Living In Erlanger, KY

So, about how much do homes cost in Erlanger? The most recent median value of resident-owned homes in Erlanger is 134,426. An estimated 67.6 percent of households in Erlanger own their homes, with an average family size of 3.22. The median household income in Erlanger is 64,460, with29.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Erlanger, the median commute time of resident workers (in minutes) is 21.6. And last, but certainly not least, are you looking for homes to rent in Erlanger? If so, the average rent price paid by renters in Erlanger is 892, according to recent statistics.

Diversity And Demographics In Erlanger, Kentucky

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Erlanger, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Erlanger is 38.2, split between 49.1 percent male versus 50.9 female. The percentage of residents who report being married in Erlanger is 47.8, with an average family size of 3.22.

The percentage of residents who report their race in Erlanger is as follows:

White 89.4%
Black / African American 3.2%
Asian 2.3%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.2%
Other 0.9%

Looking for family-friendly neighborhoods in and/or near Erlanger? Or maybe you are searching for 55+ active adult communities in and/or near Erlanger?

The percentage of residents who report their age in Erlanger is as follows:

Under 10 11.1%
Aged 10-19 14.3%
20s 14.7%
30s 13%
40s 13.1%
50s 14.3%
60s 9.3%
70s 6.5%
80+ 3.7%

Best Schools In Erlanger, Kentucky

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Erlanger with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Erlanger.

Pros And Cons Of Living In Erlanger, Kentucky

How do you know that living in -- or moving to -- Erlanger is right where you need to be? Perhaps you grew up in Erlanger or already live nearby; therefore, the decision to buy a home in Erlanger is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Erlanger for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Erlanger:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Erlanger.

Reasons To Move To Erlanger, Kentucky, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Erlanger can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Erlanger, meanwhile, can field multiple offers from more qualified buyers.

Erlanger, KY Short Sale Listings


Listing types in Erlanger, KY

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