Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$264,631+3.9% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 16% have cut their price
Income needed to buy, per year$57,367About 0.8× the local median income ($75,726): affordable for a typical household
Days on market52 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.3%Zillow expects prices to rise slightly
The typical home in Nelson County, KY is worth $264,631, up 3.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $223,902, so the area is 18.2% overvalued. It is a balanced market: homes take about 52 days to sell, listings are up 6% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 3.3% over the next year. A household needs about $57,367 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 $75,726. Typical rent is $1,049 a month, or $1,096 for a house. In the latest IRS figures, 183 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
$264,631
Change in 1 year
+3.9%
Overvalued %
+18.2%
Show 7 more
Fair home value
$223,902
Change in 5 years
+30.9%
Zillow forecast, next 12 months
+3.3%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,434
Income needed to afford it
$57,367
Property tax rate
0.80%
Rent and investing
Typical rent
$1,049
Typical rent for houses
$1,096
Price-to-rent ratio
21.0×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,022
Gross rental yield
4.76%
Cap rate (estimate)
3.09%
Market activity
Listings vs a year ago
+5.5%
Days on market
52
Listings with a price cut
16.4%
Show 3 more
Homes for sale
191
Pending sales per 100 listings
29
Asking price per sq ft
$192
People and jobs
Median household income
$75,726
Population change (1 year)
+0.9%
Unemployment rate
3.3%
Show 4 more
Population
49,036
Income adjusted for cost of living
$81,338
Net moves in (IRS)
+183
Cost of living (US = 100)
93.1
Schools, risk and environment
School rating (1 to 10)
4.4
FEMA hazard risk score (0 to 100)
55.2
Flood risk score
62.7
Show 3 more
Wildfire risk score
24.6
Walkability (1 to 20)
5.3
Road, rail and air noise
56 dB
Questions people ask
Is Nelson County, KY overvalued?
Home prices in Nelson County, KY are well above what local incomes have historically supported: fair value is about $223,902, so the area is 18.2% overvalued.
Is Nelson County, KY a buyer's or seller's market?
Nelson County, KY is a balanced market: homes take about 52 days to sell, listings are up 6% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Nelson County, KY?
Home values in Nelson County, KY are up 3.9% over the last year. Zillow's forecast for the next 12 months is +3.3%.
How much do you need to earn to buy a home in Nelson County, KY?
A household needs about $57,367 a year to afford the typical home in Nelson County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,726.