42164, Scottsville, KY

Scottsville, KY is located in the eastern part of the state and has a population of just over 10,000. The 42164 zip code covers just over 2 square miles and has a median home value of $128,000. Home prices have been on the rise in this zip code for the past few years and are now above their pre-recession levels.

There are a number of factors that have contributed to the increase in home values in Scottsville. First, there is strong demand for housing due to an influx of new residents and businesses moving into the area. Second, there is low unemployment rates which leads to more people being able to afford homes. Finally, there is limited supply of homes available which drives up prices.

Despite these positive trends, there are some risks associated with buying a home in Scottsville. First, prices can be volatile – they can go up or down significantly from month to month or year to year. Second, interest rates are still relatively high which makes it difficult for buyers to qualify for mortgages and pay off their loans over time. Third, there may be limited options for buyers if they want to buy a house that is larger or more expensive than what is currently available on the market.