Is now a good time to buy a home in Kentucky?
The typical home value in Kentucky is $233K as of Aug 2026 (Zillow Home Value Index), down 0.1% from a year earlier. Over five years prices have compounded at +4.4% a year. Prices are 9.5% below their 10-year trend line.
Kentucky price trend & forecast
Cities in Kentucky ranked by buy-timing score
| City | Typical value | 1Y change | 5Y CAGR | 12M outlook | Signal | Buy-timing |
|---|---|---|---|---|---|---|
| Georgetown | $343K | +3.9% | +5.9% | +2.3% | ACCUMULATE | 61/100 |
| Campbellsville | $221K | +0.9% | +6.2% | +2.9% | ACCUMULATE | 61/100 |
| Independence | $329K | +3.0% | +4.5% | +1.6% | ACCUMULATE | 60/100 |
| Lexington | $335K | +3.5% | +5.8% | +2.1% | ACCUMULATE | 59/100 |
| Owensboro | $215K | +4.8% | +5.8% | +1.9% | ACCUMULATE | 59/100 |
| Shelbyville | $309K | -0.2% | +3.0% | +0.1% | ACCUMULATE | 59/100 |
| Murray | $210K | -0.2% | +4.3% | +0.2% | ACCUMULATE | 59/100 |
| Crestwood | $492K | +2.7% | +4.7% | +2.7% | ACCUMULATE | 59/100 |
| Florence | $288K | +0.4% | +3.6% | -0.0% | ACCUMULATE | 58/100 |
| Burlington | $329K | +2.6% | +4.1% | +0.8% | ACCUMULATE | 58/100 |
| Versailles | $361K | -0.7% | +4.2% | +0.6% | ACCUMULATE | 58/100 |
| Prospect | $636K | +3.7% | +5.4% | +2.5% | ACCUMULATE | 58/100 |
| Paris | $267K | +0.0% | +3.9% | +0.7% | WAIT | 58/100 |
| Nicholasville | $327K | +2.5% | +5.9% | +0.6% | ACCUMULATE | 57/100 |
| Elizabethtown | $268K | -2.4% | +3.7% | -0.9% | WAIT | 56/100 |
| Mayfield | $164K | -0.2% | +6.7% | -0.3% | WAIT | 56/100 |
| London | $183K | -2.6% | +4.3% | +0.9% | ACCUMULATE | 55/100 |
| Bardstown | $262K | +3.4% | +5.5% | -0.1% | ACCUMULATE | 55/100 |
| La Grange | $400K | +1.2% | +4.2% | +0.7% | ACCUMULATE | 55/100 |
| Union | $465K | +3.4% | +3.3% | +0.7% | ACCUMULATE | 55/100 |
| Radcliff | $212K | -0.8% | +5.2% | -0.7% | WAIT | 55/100 |
| Franklin | $249K | +0.3% | +5.5% | -1.1% | WAIT | 55/100 |
| Harrodsburg | $242K | -0.4% | +5.1% | -0.2% | WAIT | 54/100 |
| Richmond | $303K | +1.4% | +4.3% | +0.2% | ACCUMULATE | 53/100 |
| Paducah | $195K | -1.2% | +6.2% | +1.1% | ACCUMULATE | 53/100 |
| Covington | $220K | -0.1% | +4.6% | -0.8% | WAIT | 53/100 |
| Morehead | $190K | -1.3% | +5.2% | +1.0% | ACCUMULATE | 53/100 |
| Alexandria | $347K | +5.5% | +4.0% | +0.8% | ACCUMULATE | 53/100 |
| Louisville | $264K | +1.5% | +4.0% | -0.1% | ACCUMULATE | 52/100 |
| Somerset | $201K | -0.2% | +2.0% | -1.4% | WAIT | 52/100 |
| Corbin | $170K | -3.6% | +3.7% | -1.1% | WAIT | 52/100 |
| Madisonville | $157K | -7.8% | +3.6% | -1.6% | WAIT | 52/100 |
| Mount Washington | $326K | +1.3% | +3.5% | -0.7% | WAIT | 52/100 |
| Frankfort | $251K | -0.0% | +5.3% | +0.5% | WAIT | 51/100 |
| Berea | $252K | +0.8% | +5.1% | -0.1% | WAIT | 51/100 |
| Lawrenceburg | $269K | +1.4% | +6.2% | -0.3% | WAIT | 51/100 |
| Erlanger | $248K | -0.2% | +4.2% | -1.3% | WAIT | 51/100 |
| Henderson | $204K | +2.8% | +5.1% | +1.0% | WAIT | 50/100 |
| Winchester | $254K | +4.9% | +6.8% | +0.3% | ACCUMULATE | 50/100 |
| Danville | $250K | +1.8% | +6.1% | -0.4% | WAIT | 50/100 |
| Ashland | $129K | -0.4% | +0.9% | -0.4% | WAIT | 50/100 |
| Bowling Green | $282K | +0.1% | +4.2% | -2.0% | WAIT | 48/100 |
| Glasgow | $217K | -0.9% | +4.4% | -2.5% | WAIT | 44/100 |
| Pikeville | $124K | -8.8% | +0.1% | -2.8% | WAIT | 44/100 |
| Hopkinsville | $192K | +0.9% | +7.3% | -2.2% | WAIT | 41/100 |
| Williamsburg | $116K | -14.6% | -3.3% | -6.7% | WAIT | 36/100 |
Frequently asked questions
Is now a good time to buy a home in Kentucky?
As of Aug 2026, our buy-timing signal for Kentucky is WAIT — the model projects prices about -3.6% lower around Feb 2028. Patience is likely to be rewarded; use the time to negotiate and arrange financing. Buy-timing score: 53/100.
Will home prices in Kentucky go down in 2027?
The model projects -0.4% over the next 12 months: about $232K by Aug 2027, with an 80% range of $227K–$237K (today $233K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Kentucky?
The typical (mid-tier) home value in Kentucky is $233K as of Aug 2026, -0.1% year over year.
What is the cheapest time of year to buy in Kentucky?
Historically, prices in Kentucky run lowest in February, about 1.8% below the annual average, and highest in July.
Which areas in Kentucky have the best buy-timing right now?
Highest buy-timing scores: Georgetown (61/100, ACCUMULATE), Campbellsville (61/100, ACCUMULATE) and Independence (60/100, ACCUMULATE). Fastest-rising prices: Alexandria (+5.5%), Winchester (+4.9%) and Owensboro (+4.8%).
Other states
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.