City:

Goshen, KY

Goshen is a city in the state of kentucky with a population of roughly 6,389. It is in Oldham County, Kentucky the Louisville/Jefferson County, KY-IN core-based statistical areas (CBSA), and the Louisville/Jefferson County--Elizabethtown--Madison, KY-IN combined statistical area (CSA).Its Zip codes include 40026 .

Trends in Home Prices in Goshen, KY

Goshen is a small town in eastern Kentucky, located about an hour northeast of Louisville. The population was just over 2,000 in the 2010 census, and it has been growing at a modest rate since then. The town's economy is largely based on agriculture and tourism, with some light manufacturing and service industries. Goshen is home to the Goshen College campus, as well as several churches and businesses associated with the Christian faith.

Real estate in Goshen is dominated by single-family homes and small apartment complexes. There are also a few commercial properties scattered throughout the town, but most of these are located near the college or within walking distance of downtown. The average price for a single-family home in Goshen was $130,000 in 2016, while apartments were slightly more expensive at $148 per square foot. There has been some speculation that prices will continue to rise in Goshen due to its proximity to Louisville and Lexington; however, there has been little evidence to support this so far.

The real estate market in Goshen is generally stable; however, there have been a few notable exceptions over the past few years. In 2014, prices plummeted due to low demand caused by the recession; however, they have since recovered somewhat. In 2016, there was another dip in prices due to concerns about the local economy; however, they have since rebounded somewhat as well. Overall, real estate activity seems to be fairly consistent throughout Goshen's history; however there may be some localized fluctuations from time to time that should be taken into account when making an investment decision."

Price Index: Louisville/Jefferson County, KY-IN

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