Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$155,872−5.6% YoY · prices are falling fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$33,790About 0.6× the local median income ($53,796): affordable for a typical household
Days on market80 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+1.9%Zillow expects prices to rise slightly
The typical home in Carter County, KY is worth $155,872, down 5.6% from a year ago. That is well above what local incomes have historically supported: fair value is about $139,888, so the area is 11.4% overvalued. It is a balanced market, leaning toward sellers: homes take about 80 days to sell, listings are down 7% from a year ago, 14% of listings have had a price cut. Zillow expects prices to rise about 1.9% over the next year. A household needs about $33,790 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 $53,796. In the latest IRS figures, 199 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
$155,872
Change in 1 year
−5.6%
Overvalued %
+11.4%
Show 7 more
Fair home value
$139,888
Change in 5 years
+28.0%
Zillow forecast, next 12 months
+1.9%
Home value to income
2.9×
Monthly mortgage payment (20% down)
$845
Income needed to afford it
$33,790
Property tax rate
0.49%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$909
Market activity
Listings vs a year ago
−7.3%
Days on market
80
Listings with a price cut
14.5%
Show 3 more
Homes for sale
38
Pending sales per 100 listings
53
Asking price per sq ft
$140
People and jobs
Median household income
$53,796
Population change (1 year)
−0.2%
Unemployment rate
5.3%
Show 4 more
Population
26,149
Income adjusted for cost of living
$60,855
Net moves in (IRS)
+199
Cost of living (US = 100)
88.4
Schools, risk and environment
School rating (1 to 10)
6.8
FEMA hazard risk score (0 to 100)
52.7
Unhealthy air days a year
0
Show 4 more
Flood risk score
69.4
Wildfire risk score
58.2
Walkability (1 to 20)
5.1
Road, rail and air noise
56 dB
Questions people ask
Is Carter County, KY overvalued?
Home prices in Carter County, KY are well above what local incomes have historically supported: fair value is about $139,888, so the area is 11.4% overvalued.
Is Carter County, KY a buyer's or seller's market?
Carter County, KY is a balanced market, leaning toward sellers: homes take about 80 days to sell, listings are down 7% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Carter County, KY?
Home values in Carter County, KY are down 5.6% over the last year. Zillow's forecast for the next 12 months is +1.9%.
How much do you need to earn to buy a home in Carter County, KY?
A household needs about $33,790 a year to afford the typical home in Carter County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $53,796.