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REAL ESTATE 2006
MONEY Magazine: Latest forecasts. Financing strategies. Renovation tips.
MONEY Magazine
Owensboro
Population: 109,875
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Market forecast (June 2006-2007) 4.2%
5-year historical change (2001–2005): 18.4%
5-year historical change, average annual: 3.4%
Change last year: 4.0%
FORECAST FROM FISERV CSW AND MOODY'S ECONOMY.COM  

Median home value: $105,055
Median family income: $51,400
Median home value to median family income: 2.0

Worst historical decline: -11.0%
Last peak at beginning of decline: 1989:Q1
Last trough of decline: 1989:Q2

More places in Kentucky
Metro area Market forecast (June 2006-June 2007)
Bowling Green 4.9%
Elizabethtown 3.3%
Lexington-Fayette 2.9%
Louisville 2.7%
Owensboro 4.2%

Sources:
Population: U.S. Census Bureau, 2000
Median Family Income: U.S. Department of Housing and Development, 2005
Median Home Prices: Fiserv Lending Solutions, National Association of Realtors, 2005
Historical change: Fiserv Lending Solutions, OFHEO, 2001 – 2005
Market forecasts: Fiserv Lending Solutions and Moody's Economy.com, June 2006 – June 2007

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