Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$191,109−1.0% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$41,428About 0.8× the local median income ($55,174): affordable for a typical household
Days on market94 daysSlower than a year ago: buyers have time to negotiate
The typical home in Rowan County, KY is worth $191,109, down 1.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $163,863, so the area is 16.6% overvalued. It is a buyer's market: homes take about 94 days to sell, listings are up 20% from a year ago, 22% of listings have had a price cut. A household needs about $41,428 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 $55,174. In the latest IRS figures, 38 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
$191,109
Change in 1 year
−1.0%
Overvalued %
+16.6%
Show 6 more
Fair home value
$163,863
Change in 5 years
+32.2%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,036
Income needed to afford it
$41,428
Property tax rate
0.55%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$977
Market activity
Listings vs a year ago
+20.0%
Days on market
94
Listings with a price cut
21.9%
Show 3 more
Homes for sale
48
Pending sales per 100 listings
31
Asking price per sq ft
$141
People and jobs
Median household income
$55,174
Population change (1 year)
−0.2%
Unemployment rate
4.1%
Show 4 more
Population
24,476
Income adjusted for cost of living
$64,682
Net moves in (IRS)
−38
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
47.9
Flood risk score
67.2
Show 3 more
Wildfire risk score
46.6
Walkability (1 to 20)
6.3
Road, rail and air noise
56 dB
Questions people ask
Is Rowan County, KY overvalued?
Home prices in Rowan County, KY are well above what local incomes have historically supported: fair value is about $163,863, so the area is 16.6% overvalued.
Is Rowan County, KY a buyer's or seller's market?
Rowan County, KY is a buyer's market: homes take about 94 days to sell, listings are up 20% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Rowan County, KY?
Home values in Rowan County, KY are down 1.0% over the last year.
How much do you need to earn to buy a home in Rowan County, KY?
A household needs about $41,428 a year to afford the typical home in Rowan County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $55,174.