Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$330,784+3.4% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$71,707About 1.0× the local median income ($71,046): a stretch for a typical household
Days on market47 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.9%Zillow expects prices to rise slightly
The typical home in Fayette County, KY is worth $330,784, up 3.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $281,220, so the area is 17.6% overvalued. It is a balanced market, leaning toward buyers: homes take about 47 days to sell, listings are up 16% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 2.9% over the next year. A household needs about $71,707 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 $71,046. Typical rent is $1,628 a month, or $2,015 for a house. In the latest IRS figures, 1,774 more people moved out than in.
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
$330,784
Change in 1 year
+3.4%
Overvalued %
+17.6%
Show 7 more
Fair home value
$281,220
Change in 5 years
+32.9%
Zillow forecast, next 12 months
+2.9%
Home value to income
4.7×
Monthly mortgage payment (20% down)
$1,793
Income needed to afford it
$71,707
Property tax rate
0.87%
Rent and investing
Typical rent
$1,628
Typical rent for houses
$2,015
Price-to-rent ratio
16.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,416
Gross rental yield
5.90%
Cap rate (estimate)
3.84%
Market activity
Listings vs a year ago
+16.5%
Days on market
47
Listings with a price cut
22.7%
Show 3 more
Homes for sale
810
Pending sales per 100 listings
52
Asking price per sq ft
$206
People and jobs
Median household income
$71,046
Population change (1 year)
+0.8%
Unemployment rate
4.8%
Show 4 more
Population
329,751
Income adjusted for cost of living
$76,476
Net moves in (IRS)
−1,774
Cost of living (US = 100)
92.9
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
92.0
Unhealthy air days a year
0
Show 4 more
Flood risk score
92.7
Wildfire risk score
26.9
Walkability (1 to 20)
11.1
Road, rail and air noise
55 dB
Questions people ask
Is Fayette County, KY overvalued?
Home prices in Fayette County, KY are well above what local incomes have historically supported: fair value is about $281,220, so the area is 17.6% overvalued.
Is Fayette County, KY a buyer's or seller's market?
Fayette County, KY is a balanced market, leaning toward buyers: homes take about 47 days to sell, listings are up 16% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Fayette County, KY?
Home values in Fayette County, KY are up 3.4% 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 Fayette County, KY?
A household needs about $71,707 a year to afford the typical home in Fayette County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,046.