Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$213,968+3.5% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$46,384About 0.7× the local median income ($67,387): affordable for a typical household
Days on market48 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.1%Zillow expects prices to rise slightly
The typical home in Owensboro, KY is worth $213,968, up 3.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $187,699, so the area is 14.0% overvalued. It is a buyer's market: homes take about 48 days to sell, listings are up 49% from a year ago, 27% of listings have had a price cut. Zillow expects prices to rise about 2.1% over the next year. A household needs about $46,384 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 $67,387. Typical rent is $1,236 a month, or $1,417 for a house. In the latest IRS figures, 83 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
$213,968
Change in 1 year
+3.5%
Overvalued %
+14.0%
Show 7 more
Fair home value
$187,699
Change in 5 years
+29.7%
Zillow forecast, next 12 months
+2.1%
Home value to income
3.2×
Monthly mortgage payment (20% down)
$1,160
Income needed to afford it
$46,384
Property tax rate
0.82%
Rent and investing
Typical rent
$1,236
Typical rent for houses
$1,417
Price-to-rent ratio
14.4×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,138
Gross rental yield
6.93%
Cap rate (estimate)
4.50%
Market activity
Listings vs a year ago
+49.2%
Days on market
48
Listings with a price cut
26.8%
Show 3 more
Homes for sale
291
Pending sales per 100 listings
40
Asking price per sq ft
$159
People and jobs
Median household income
$67,387
Population change (1 year)
+0.5%
Unemployment rate
4.5%
Show 4 more
Population
113,962
Income adjusted for cost of living
$76,058
Net moves in (IRS)
+83
Cost of living (US = 100)
88.6
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
84.3
Unhealthy air days a year
0
Show 4 more
Flood risk score
85.4
Wildfire risk score
16.8
Walkability (1 to 20)
6.7
Road, rail and air noise
54 dB
Questions people ask
Is Owensboro, KY overvalued?
Home prices in Owensboro, KY are well above what local incomes have historically supported: fair value is about $187,699, so the area is 14.0% overvalued.
Is Owensboro, KY a buyer's or seller's market?
Owensboro, KY is a buyer's market: homes take about 48 days to sell, listings are up 49% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Owensboro, KY?
Home values in Owensboro, KY are up 3.5% over the last year. Zillow's forecast for the next 12 months is +2.1%.
How much do you need to earn to buy a home in Owensboro, KY?
A household needs about $46,384 a year to afford the typical home in Owensboro, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $67,387.