The Kentucky Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Kentucky

💡 Key Kentucky housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $207,528[1]#46 of 50 states43.8% lower
Median Listing Price $315,000[2]#40 of 50 states31.4% lower
Median Sale Price $271,600[3]#44 of 50 states36.9% lower
30 Year Mortgage Rate 6.92%[4]#10 of 50 states0.8% lower
Median Days on Market 43[5]#26 of 50 states4.3% longer
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🗺️ Buying a house in the Kentucky real estate market

Kentucky has an affordability score of 5.2, meaning it takes 5.2 years of the median household income ($52,238) to afford Kentucky's median home sale price ($271,600). Because of this, we rank Kentucky as the 13th most affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $271,600[6]#44 of 50 states36.9% lower
30 Year Mortgage Rate 6.92%[7]#10 of 50 states0.8% lower
Median Household Income $52,238[8]#44 of 50 states19% lower
Affordability Ratio 5.2#13 of 50 states21.1% lower
Buyers Agent Commission 3.00%[9]#47 of 50 states12.2% higher
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Resources for Kentucky home buyers

🗺️ Selling a house in the Kentucky real estate market

According to our detailed survey of Kentucky real estate agents, listing agents (those representing the seller) charge an average commission in Kentucky of 3%, which is the 14th highest in the United States. Buyers' agents charge an average commission of 3%, which is the 4th highest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $315,000[10]#40 of 50 states31.4% lower
Median Sale Price $271,600[11]#44 of 50 states36.9% lower
Median Days on Market 43[12]#26 of 50 states4.3% longer
Buyer's Agent Commission 3.00%[13]#47 of 50 states12.2% higher
Listing Agent Commission 3.00%[14]#37 of 50 states5% higher
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Resources for Kentucky home sellers

Moving to Kentucky

According to our recent moving trends survey[15], 6% of Americans indicated that they would choose to move to Kentucky if money were no object. Likewise, 6% of survey respondents indicated that they would move to Louisville among a choice of America's largest cities.

Here's how Kentucky cities rank in a number of our research studies.

StudyBest Kentucky cityRank
Best Pizza Cities[16]Louisville42nd best
Best Coffee Cities[17]Louisville16th best
Best LGBTQ Cities[18]Louisville27th best
Best Bike Cities[19]Louisville31st best
Best Commuter Cities[20]Louisville14th best
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated May 31, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[3] Redfin – "Redfin Data Center". Updated May 2024.
[4] Bankrate – "Bankrate". Updated July 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[6] Redfin – "Redfin Data Center". Updated May 2024.
[7] Bankrate – "Bankrate". Updated July 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[11] Redfin – "Redfin Data Center". Updated May 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated May 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated July 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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