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Data report · September 2026

The state of the Kentucky housing market.

Median home value and city-by-city trends across Kentucky, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.

Kentucky median value

$168K

Zillow ZHVI, September 2026

Cities covered

11

with published pages

Report video

Monthly

per city, on each hub

The outlook

Kentucky housing market forecast 2027

+1.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 343 Kentucky ZIP codes, points to typical home values rising 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in Kentucky fell 5.1%, per the Zillow Home Value Index.

Will home prices drop in Kentucky?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Kentucky shows typical home values rising 1.6% by September 2027, after a 5.1% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 343 Kentucky ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

Metro areas

Which Kentucky metro areas does Zillow expect to rise or fall?

Zillow's 12-month home value forecast for each metro area whose principal city is in Kentucky, through September 2027, largest first.

  1. 1Louisville, KY+2.2%
  2. 2Lexington, KY+2.9%
  3. 3Bowling Green, KY+1.7%
  4. 4Elizabethtown, KY+0.2%
  5. 5London, KY-0.3%
  6. 6Owensboro, KY+2.1%
  7. 7Richmond, KY+2.0%
  8. 8Paducah, KY+3.3%
  9. 9Frankfort, KY+3.0%
  10. 10Somerset, KY+0.7%
  11. 11Danville, KY+2.9%
  12. 12Glasgow, KY+1.6%
  13. 13Mount Sterling, KY+1.0%
  14. 14Bardstown, KY+3.3%
  15. 15Madisonville, KY+0.5%
  16. 16Murray, KY+0.3%
  17. 17Campbellsville, KY+1.8%
  18. 18Mayfield, KY+4.5%
  19. 19Middlesborough, KY-0.4%
  20. 20Maysville, KY+1.1%

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

Where values are climbing

Fastest appreciating Kentucky cities

  1. 1Lexington
    $357KUp3.7%
  2. 2Falmouth
    $209KUp2.7%
  3. 3Louisville
    $252KUp1.0%
  4. 4Newport
    $245KUp0.8%
  5. 5Sweeden
    $168KUp0.6%
  6. 6Bowling Green
    $321KDown0.3%
  7. 7Covington
    $196KDown0.5%
  8. 8Edmonton
    $170KDown1.7%
  9. 9London
    $192KDown1.9%
  10. 10Canada
    $94KDown9.6%

Where the market is cooling

Fastest cooling Kentucky cities

  1. 1Wellington
    $126KDown11.5%
  2. 2Canada
    $94KDown9.6%
  3. 3London
    $192KDown1.9%
  4. 4Edmonton
    $170KDown1.7%
  5. 5Covington
    $196KDown0.5%
  6. 6Bowling Green
    $321KDown0.3%
  7. 7Sweeden
    $168KUp0.6%
  8. 8Newport
    $245KUp0.8%
  9. 9Louisville
    $252KUp1.0%
  10. 10Falmouth
    $209KUp2.7%

Priciest markets in the state

Most expensive Kentucky cities by median value

  1. 1Lexington
    $357K
  2. 2Bowling Green
    $321K
  3. 3Louisville
    $252K
  4. 4Newport
    $245K
  5. 5Falmouth
    $209K
  6. 6Covington
    $196K
  7. 7London
    $192K
  8. 8Edmonton
    $170K
  9. 9Sweeden
    $168K
  10. 10Wellington
    $126K

Common questions

What people ask us.

Will home prices go up in Kentucky in 2027?

A weighted average of Zillow's ZIP forecasts, across 343 Kentucky ZIP codes, points to typical home values rising 1.6% by September 2027. Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

What is the typical home value in Kentucky?

The typical home value in Kentucky is $168,346 as of September 2026, the median Zillow Home Value Index across ZIP codes in the state.

How much have Kentucky home values changed in the past year?

The median home value in Kentucky changed -5.1% over the 12 months ending September 2026, based on the Zillow Home Value Index.

Methodology & attribution

Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Kentucky, as of September 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Kentucky market index.