Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$376,164+4.7% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 28% have cut their price
Income needed to buy, per year$81,545About 0.8× the local median income ($96,943): affordable for a typical household
Days on market38 daysFaster than a year ago: sellers have the edge
Next 12 months+3.3%Zillow expects prices to rise slightly
The typical home in Spencer County, KY is worth $376,164, up 4.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $291,622, so the area is 29.0% overvalued. It is a buyer's market: homes take about 38 days to sell, listings are up 45% from a year ago, 28% of listings have had a price cut. Zillow expects prices to rise about 3.3% over the next year. A household needs about $81,545 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 $96,943. In the latest IRS figures, 225 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
$376,164
Change in 1 year
+4.7%
Overvalued %
+29.0%
Show 7 more
Fair home value
$291,622
Change in 5 years
+27.3%
Zillow forecast, next 12 months
+3.3%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$2,039
Income needed to afford it
$81,545
Property tax rate
0.66%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,276
Market activity
Listings vs a year ago
+45.0%
Days on market
38
Listings with a price cut
28.3%
Show 3 more
Homes for sale
87
Pending sales per 100 listings
20
Asking price per sq ft
$227
People and jobs
Median household income
$96,943
Population change (1 year)
+1.4%
Unemployment rate
5.0%
Show 4 more
Population
20,998
Income adjusted for cost of living
$104,128
Net moves in (IRS)
+225
Cost of living (US = 100)
93.1
Schools, risk and environment
School rating (1 to 10)
7.5
FEMA hazard risk score (0 to 100)
13.3
Flood risk score
22.6
Show 3 more
Wildfire risk score
9.1
Walkability (1 to 20)
4.9
Road, rail and air noise
55 dB
Questions people ask
Is Spencer County, KY overvalued?
Home prices in Spencer County, KY are well above what local incomes have historically supported: fair value is about $291,622, so the area is 29.0% overvalued.
Is Spencer County, KY a buyer's or seller's market?
Spencer County, KY is a buyer's market: homes take about 38 days to sell, listings are up 45% from a year ago, 28% of listings have had a price cut.
Are home prices going down in Spencer County, KY?
Home values in Spencer County, KY are up 4.7% 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 Spencer County, KY?
A household needs about $81,545 a year to afford the typical home in Spencer County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $96,943.