Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$127,427−10.8% YoY · prices are falling fast
Market right nowBuyer's marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$27,623About 0.7× the local median income ($41,150): affordable for a typical household
Days on market88 daysSlower than a year ago: buyers have time to negotiate
The typical home in Lee County, KY is worth $127,427, down 10.8% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $138,725, so the area is 8.1% undervalued. It is a buyer's market: homes take about 88 days to sell, listings are up 50% from a year ago, 23% of listings have had a price cut. A household needs about $27,623 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 $41,150. In the latest IRS figures, 17 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
$127,427
Change in 1 year
−10.8%
Overvalued %
−8.1%
Show 6 more
Fair home value
$138,725
Change in 5 years
+32.7%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$691
Income needed to afford it
$27,623
Property tax rate
0.84%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$996
Market activity
Listings vs a year ago
+50.0%
Days on market
88
Listings with a price cut
23.1%
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Homes for sale
33
Pending sales per 100 listings
18
Asking price per sq ft
$271
People and jobs
Median household income
$41,150
Population change (1 year)
+0.1%
Unemployment rate
4.7%
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Population
7,297
Income adjusted for cost of living
$48,242
Net moves in (IRS)
−17
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
3.0
FEMA hazard risk score (0 to 100)
7.5
Flood risk score
21.2
Show 3 more
Wildfire risk score
57.8
Walkability (1 to 20)
5.0
Road, rail and air noise
55 dB
Questions people ask
Is Lee County, KY overvalued?
Home prices in Lee County, KY are slightly below what local incomes have historically supported: fair value is about $138,725, so the area is 8.1% undervalued.
Is Lee County, KY a buyer's or seller's market?
Lee County, KY is a buyer's market: homes take about 88 days to sell, listings are up 50% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Lee County, KY?
Home values in Lee County, KY are down 10.8% over the last year.
How much do you need to earn to buy a home in Lee County, KY?
A household needs about $27,623 a year to afford the typical home in Lee County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $41,150.