Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$259,793−0.9% YoY · prices are falling
Market right nowBalanced, leaning buyersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$56,318About 0.8× the local median income ($66,264): affordable for a typical household
Days on market47 daysFaster than a year ago: sellers have the edge
Next 12 months+2.9%Zillow expects prices to rise slightly
The typical home in Bourbon County, KY is worth $259,793, down 0.9% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $251,660, so the area is 3.2% overvalued. It is a balanced market, leaning toward buyers: homes take about 47 days to sell, listings are up 7% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 2.9% over the next year. A household needs about $56,318 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,264. In the latest IRS figures, 110 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$259,793
Change in 1 year
−0.9%
Overvalued %
+3.2%
Show 7 more
Fair home value
$251,660
Change in 5 years
+19.6%
Zillow forecast, next 12 months
+2.9%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,408
Income needed to afford it
$56,318
Property tax rate
0.71%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,416
Market activity
Listings vs a year ago
+7.1%
Days on market
47
Listings with a price cut
18.9%
Show 3 more
Homes for sale
60
Pending sales per 100 listings
40
Asking price per sq ft
$158
People and jobs
Median household income
$66,264
Population change (1 year)
−0.5%
Unemployment rate
4.2%
Show 4 more
Population
20,243
Income adjusted for cost of living
$71,328
Net moves in (IRS)
+110
Cost of living (US = 100)
92.9
Schools, risk and environment
School rating (1 to 10)
4.7
FEMA hazard risk score (0 to 100)
39.4
Flood risk score
53.8
Show 3 more
Wildfire risk score
4.5
Walkability (1 to 20)
5.8
Road, rail and air noise
54 dB
Questions people ask
Is Bourbon County, KY overvalued?
Home prices in Bourbon County, KY are slightly above what local incomes have historically supported: fair value is about $251,660, so the area is 3.2% overvalued.
Is Bourbon County, KY a buyer's or seller's market?
Bourbon County, KY is a balanced market, leaning toward buyers: homes take about 47 days to sell, listings are up 7% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Bourbon County, KY?
Home values in Bourbon County, KY are down 0.9% over the last year. Zillow's forecast for the next 12 months is +2.9%.
How much do you need to earn to buy a home in Bourbon County, KY?
A household needs about $56,318 a year to afford the typical home in Bourbon County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $66,264.