Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$283,215+1.2% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$61,395About 1.0× the local median income ($64,536): affordable for a typical household
Days on market57 daysAbout the same pace as a year ago
The typical home in Madison County, KY is worth $283,215, up 1.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $254,364, so the area is 11.3% overvalued. It is a buyer's market: homes take about 57 days to sell, listings are up 22% from a year ago, 24% of listings have had a price cut. A household needs about $61,395 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 $64,536. Typical rent is $1,069 a month. In the latest IRS figures, 1,265 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
$283,215
Change in 1 year
+1.2%
Overvalued %
+11.3%
Show 6 more
Fair home value
$254,364
Change in 5 years
+26.1%
Home value to income
4.4×
Monthly mortgage payment (20% down)
$1,535
Income needed to afford it
$61,395
Property tax rate
0.73%
Rent and investing
Typical rent
$1,069
Price-to-rent ratio
22.1×
HUD Fair Market Rent, 2 bedrooms
$993
Show 2 more
Gross rental yield
4.53%
Cap rate (estimate)
2.94%
Market activity
Listings vs a year ago
+21.9%
Days on market
57
Listings with a price cut
24.2%
Show 3 more
Homes for sale
395
Pending sales per 100 listings
29
Asking price per sq ft
$188
People and jobs
Median household income
$64,536
Population change (1 year)
+2.1%
Unemployment rate
5.1%
Show 4 more
Population
101,696
Income adjusted for cost of living
$75,658
Net moves in (IRS)
+1,265
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
7.3
FEMA hazard risk score (0 to 100)
74.8
Unhealthy air days a year
0
Show 4 more
Flood risk score
76.0
Wildfire risk score
52.0
Walkability (1 to 20)
6.4
Road, rail and air noise
55 dB
Questions people ask
Is Madison County, KY overvalued?
Home prices in Madison County, KY are well above what local incomes have historically supported: fair value is about $254,364, so the area is 11.3% overvalued.
Is Madison County, KY a buyer's or seller's market?
Madison County, KY is a buyer's market: homes take about 57 days to sell, listings are up 22% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Madison County, KY?
Home values in Madison County, KY are up 1.2% over the last year.
How much do you need to earn to buy a home in Madison County, KY?
A household needs about $61,395 a year to afford the typical home in Madison County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,536.