States › Kentucky
State
Kentucky
109 counties with an index · 24 metro and micro areas · 299 ZIP codes · 92 permit-issuing places · 4,606,864 residents (2025 est.)
FHFA notes: The FHFA HPI is a broad measure of the movement of single-family house prices. The FHFA HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. The line is FHFA's standard quarterly all-transactions index; the comparison table uses FHFA's annual state index from the same family. The index does not give a dollar value for any home.
Kentucky's FHFA house price index starts in 1975. Through 2025 it has risen +667.9%; over the ten years to 2025 the rise was +84.1% (+6.3% a year), close to the national +85.0%.
The quarterly index through 2026 Q2 is +4.7% on a year earlier and +1.6% on the quarter; nationally +3.0% and +1.1%.
13,410 housing units were authorised in Kentucky in the 12 months to August 2026, 2.9 per 1,000 residents against 4.1 nationally; that is −7.1% on the previous 12 months. 109 counties, 24 metro and micro areas, 299 ZIP codes and 92 permit-issuing places in the state have their own pages.
Same span, state and nation
| Change in the FHFA index | Kentucky | United States |
|---|---|---|
| 1 year (2024–2025) | +3.9% | +2.8% |
| 5 years (2020–2025) | +50.0% | +47.0% |
| 10 years (2015–2025) | +84.1% | +85.0% |
| 20 years (2005–2025) | +96.6% | +79.1% |
| Since 2000 | +136.1% | +158.3% |
| Since 1975 | +667.9% | +960.7% |
| 10-year annualised | +6.3% | +6.3% |
| 20-year annualised | +3.4% | +3.0% |
Decade by decade
| Decade | Change | United States | |
|---|---|---|---|
| 1980s (1980–1990) | +41.0% | +68.2% | |
| 1990s (1990–2000) | +49.5% | +33.9% | |
| 2000s (2000–2010) | +23.6% | +29.7% | |
| 2010s (2010–2020) | +27.3% | +35.5% | |
| 2020s so far (2020–2025) | +50.0% | +47.0% |
FHFA reports each index with a value of 100 in its base period, the first year the area has enough transactions (1975 here). A decade's change is the index at the end of the decade divided by the index at the start, so it does not depend on the base year; the United States column covers the same years. Decades before 1975 are not shown.
Peak-to-low declines
No decline of 5% or more from a peak appears in the annual index for this area.
Purchase-only index
FHFA also publishes a purchase-only index, built from sales prices alone (no refinance appraisals). It starts in 1991 and is drawn here on its own base.
Counties
Ranked by ten-year change in FHFA's annual county index to 2025. Permits are housing units authorised in the 12 months to August 2026.
| County | 1 year | 10 years | Since 2000 | Units, 12 months | Per 1,000 | Index through |
|---|---|---|---|---|---|---|
| Butler County | +4.1% | +118.4% | +174.6% | 1 | 0.1 | 2025 |
| Larue County | +13.3% | +110.5% | +186.0% | 73 | 4.8 | 2025 |
| Marion County | +18.6% | +108.8% | +175.7% | 65 | 3.2 | 2025 |
| Adair County | −1.6% | +107.7% | +173.2% | 2 | 0.1 | 2025 |
| Allen County | +5.5% | +107.4% | +178.0% | 59 | 2.6 | 2025 |
| Morgan County | — | +107.0% | — | 0 | 0.0 | 2024 |
| Hart County | +3.8% | +103.0% | +155.9% | 171 | 8.5 | 2025 |
| Clinton County | — | +102.9% | — | 0 | 0.0 | 2025 |
| Pendleton County | +10.6% | +102.3% | +134.1% | 0 | 0.0 | 2025 |
| Wayne County | +6.5% | +102.2% | +160.3% | 0 | 0.0 | 2025 |
| Lincoln County | +7.3% | +101.9% | +171.2% | 89 | 3.5 | 2025 |
| Campbell County | +4.2% | +101.1% | +159.9% | 223 | 2.3 | 2025 |
| Nicholas County | −6.1% | +100.6% | +120.6% | 2 | 0.3 | 2025 |
| Russell County | +1.4% | +100.5% | +167.0% | 10 | 0.5 | 2025 |
| Garrard County | +3.0% | +99.6% | +128.2% | 0 | 0.0 | 2025 |
| Green County | — | +99.6% | +132.6% | 4 | 0.3 | 2024 |
| Taylor County | −0.5% | +99.6% | +155.5% | 12 | 0.4 | 2025 |
| Edmonson County | +15.8% | +99.5% | +149.2% | 0 | 0.0 | 2025 |
| Fayette County | +4.5% | +98.8% | +163.8% | 1,116 | 3.4 | 2025 |
| Simpson County | +4.5% | +98.3% | +151.4% | 380 | 18.3 | 2025 |
| McLean County | +9.3% | +98.0% | +155.3% | 2 | 0.2 | 2025 |
| Nelson County | +4.7% | +97.3% | +152.5% | 245 | 5.0 | 2025 |
| Logan County | +4.3% | +97.2% | +150.3% | 55 | 1.9 | 2025 |
| Kenton County | +3.6% | +96.2% | +129.8% | 683 | 3.9 | 2025 |
| Christian County | +6.4% | +94.9% | +144.5% | 165 | 2.4 | 2025 |
| Mercer County | −0.5% | +94.7% | +144.6% | 149 | 6.3 | 2025 |
| Washington County | +6.1% | +94.7% | +142.7% | 17 | 1.4 | 2025 |
| Grant County | −0.5% | +94.3% | +120.8% | 119 | 4.5 | 2025 |
| Metcalfe County | +6.1% | +93.0% | +101.1% | 0 | 0.0 | 2025 |
| Todd County | −2.5% | +92.5% | — | 39 | 3.0 | 2025 |
| Scott County | +4.0% | +92.1% | +140.8% | 343 | 5.5 | 2025 |
| Jessamine County | +3.3% | +91.4% | +140.8% | 458 | 8.0 | 2025 |
| Powell County | +10.5% | +91.0% | +150.8% | 2 | 0.2 | 2025 |
| Anderson County | +4.6% | +90.1% | +130.6% | 126 | 5.0 | 2025 |
| Barren County | +0.9% | +89.9% | +144.3% | 166 | 3.6 | 2025 |
| Hardin County | +4.7% | +89.9% | +160.7% | 471 | 4.2 | 2025 |
| Franklin County | +1.6% | +89.3% | +133.4% | 176 | 3.3 | 2025 |
| Madison County | +4.3% | +89.2% | +141.9% | 550 | 5.4 | 2025 |
| Monroe County | +5.5% | +89.1% | +127.0% | 0 | 0.0 | 2025 |
| Henry County | +5.3% | +89.0% | +125.0% | 63 | 3.8 | 2025 |
| Trigg County | +2.6% | +88.8% | +146.5% | 0 | 0.0 | 2025 |
| Shelby County | +4.0% | +88.2% | +131.2% | 273 | 5.3 | 2025 |
| Boone County | +3.2% | +87.8% | +110.8% | 882 | 6.1 | 2025 |
| Woodford County | −0.9% | +87.3% | +137.9% | 123 | 4.4 | 2025 |
| Caldwell County | +1.7% | +86.2% | +160.2% | 0 | 0.0 | 2025 |
| Montgomery County | +1.7% | +86.1% | +130.6% | 55 | 1.9 | 2025 |
| Clark County | +6.5% | +85.3% | +136.6% | 163 | 4.3 | 2025 |
| Spencer County | +2.3% | +84.5% | +135.6% | 93 | 4.4 | 2025 |
| Harrison County | +1.9% | +84.0% | +111.0% | 76 | 3.9 | 2025 |
| Carroll County | +15.7% | +83.7% | +146.4% | 16 | 1.4 | 2025 |
| Pulaski County | +3.6% | +83.3% | +151.7% | 113 | 1.7 | 2025 |
| Bullitt County | +3.4% | +82.9% | +124.4% | 528 | 6.1 | 2025 |
| Bracken County | +9.5% | +82.2% | — | 0 | 0.0 | 2025 |
| Warren County | +3.6% | +82.1% | +138.6% | 1,126 | 7.5 | 2025 |
| Knox County | +3.1% | +81.4% | — | 0 | 0.0 | 2025 |
| Rowan County | +12.1% | +81.4% | +112.6% | 25 | 1.0 | 2025 |
| Fleming County | +5.7% | +81.3% | — | 0 | 0.0 | 2025 |
| Oldham County | +4.9% | +81.2% | +136.6% | 259 | 3.6 | 2025 |
| Bourbon County | +5.5% | +80.9% | +141.9% | 91 | 4.5 | 2025 |
| Grayson County | +3.9% | +80.3% | +135.3% | 28 | 1.0 | 2025 |
| Estill County | −0.6% | +79.9% | +145.4% | 0 | 0.0 | 2025 |
| Webster County | +22.1% | +79.7% | +197.1% | 7 | 0.5 | 2025 |
| Rockcastle County | +13.2% | +79.2% | — | 0 | 0.0 | 2025 |
| Marshall County | +8.3% | +78.8% | +144.4% | 142 | 4.5 | 2025 |
| Hopkins County | +5.9% | +78.7% | +157.5% | 194 | 4.3 | 2025 |
| Lyon County | +4.8% | +78.6% | +161.8% | 7 | 0.8 | 2025 |
| Daviess County | +4.0% | +78.4% | +130.2% | 187 | 1.8 | 2025 |
| Jefferson County | +4.0% | +78.4% | +133.3% | 2,338 | 2.9 | 2025 |
| Livingston County | −8.6% | +77.4% | +138.9% | 0 | 0.0 | 2025 |
| Meade County | +1.0% | +77.3% | +147.8% | 179 | 5.8 | 2025 |
| Crittenden County | −13.8% | +76.7% | +141.5% | 37 | 4.2 | 2025 |
| Boyle County | +0.4% | +76.6% | +133.7% | 82 | 2.6 | 2025 |
| Cumberland County | −3.1% | +76.1% | — | 0 | 0.0 | 2023 |
| Trimble County | +15.8% | +75.9% | +110.9% | 0 | 0.0 | 2025 |
| Ohio County | +9.3% | +75.2% | +146.7% | 10 | 0.4 | 2025 |
| Hancock County | +4.0% | +75.1% | +146.4% | 15 | 1.7 | 2025 |
| Mason County | +2.6% | +75.1% | +87.5% | 25 | 1.5 | 2025 |
| Whitley County | +3.1% | +75.1% | +122.8% | 54 | 1.4 | 2025 |
| Muhlenberg County | +11.1% | +74.5% | +134.6% | 5 | 0.2 | 2025 |
| Calloway County | +4.6% | +73.5% | +161.0% | 28 | 0.7 | 2025 |
| Laurel County | +3.6% | +73.3% | +124.5% | 7 | 0.1 | 2025 |
| Clay County | −4.1% | +72.3% | — | 0 | 0.0 | 2025 |
| Union County | +10.3% | +72.2% | +152.2% | 0 | 0.0 | 2025 |
| Casey County | +1.7% | +71.5% | +125.2% | 3 | 0.2 | 2025 |
| Graves County | +7.3% | +70.5% | +125.8% | 42 | 1.1 | 2025 |
| Ballard County | +15.4% | +70.4% | +126.7% | 0 | 0.0 | 2025 |
| Breckinridge County | +3.2% | +69.4% | — | 9 | 0.4 | 2025 |
| McCreary County | +2.6% | +69.0% | — | 0 | 0.0 | 2024 |
| Owen County | — | +65.5% | +117.6% | 19 | 1.6 | 2025 |
| Henderson County | +0.8% | +64.7% | +116.1% | 140 | 3.2 | 2025 |
| McCracken County | +3.7% | +63.5% | +118.7% | 144 | 2.1 | 2025 |
| Bath County | −2.7% | +60.1% | +90.8% | 0 | 0.0 | 2024 |
| Bell County | +8.5% | +57.6% | — | 45 | 2.0 | 2025 |
| Fulton County | +1.8% | +57.0% | — | 4 | 0.6 | 2024 |
| Gallatin County | −7.9% | +53.6% | — | 55 | 6.2 | 2025 |
| Perry County | +2.3% | +51.9% | +77.5% | 0 | 0.0 | 2025 |
| Boyd County | +5.8% | +49.8% | +97.2% | 1 | 0.0 | 2025 |
| Carter County | +0.4% | +47.4% | +116.7% | 2 | 0.1 | 2025 |
| Greenup County | +1.8% | +46.0% | +107.9% | 20 | 0.6 | 2025 |
| Johnson County | +7.1% | +42.6% | +94.9% | 0 | 0.0 | 2025 |
| Floyd County | −1.2% | +35.2% | +80.4% | 5 | 0.1 | 2025 |
| Harlan County | — | +29.5% | +103.7% | 0 | 0.0 | 2023 |
| Jackson County | +12.3% | +29.2% | — | 0 | 0.0 | 2021 |
| Pike County | +2.0% | +27.1% | +87.2% | 4 | 0.1 | 2025 |
| Lawrence County | +0.1% | +26.2% | — | 0 | 0.0 | 2025 |
| Letcher County | +0.9% | +25.3% | — | 2 | 0.1 | 2022 |
| Knott County | +6.6% | +12.3% | — | 0 | 0.0 | 2021 |
| Hickman County | — | +7.9% | — | 0 | 0.0 | 2020 |
| Lewis County | +1.1% | — | — | 0 | 0.0 | 2025 |
Metro and micropolitan areas
Areas with any county in Kentucky; multi-state areas appear under each of their states.
| Area | Type | 1 year | 10 years | Year to 2026 Q2 | Units, 12 months |
|---|---|---|---|---|---|
| Clarksville, TN-KY | Metro | +3.7% | +103.1% | +2.1% | 2,616 |
| Campbellsville, KY | Micro | +1.4% | +101.2% | — | 16 |
| Cincinnati, OH-KY-IN | Metro | +4.3% | +99.8% | +3.8% | 8,695 |
| Franklin, KY | Micro | +4.5% | +98.3% | — | 380 |
| Lexington-Fayette, KY | Metro | +4.1% | +94.9% | +6.1% | 2,294 |
| Elizabethtown, KY | Metro | +5.2% | +91.8% | +1.0% | 544 |
| Glasgow, KY | Micro | +1.3% | +90.7% | — | 166 |
| Frankfort, KY | Micro | +3.1% | +90.2% | — | 302 |
| Richmond-Berea, KY | Micro | +4.7% | +88.6% | — | 550 |
| Bowling Green, KY | Metro | +4.3% | +86.2% | +2.8% | 1,186 |
| Danville, KY | Micro | +2.1% | +84.2% | — | 171 |
| Somerset, KY | Micro | +3.6% | +83.3% | — | 113 |
| Mount Sterling, KY | Micro | +3.1% | +82.9% | — | 55 |
| Louisville/Jefferson County, KY-IN | Metro | +3.9% | +82.0% | +3.8% | 5,215 |
| Madisonville, KY | Micro | +5.9% | +78.7% | — | 194 |
| Owensboro, KY | Metro | +3.9% | +78.7% | +13.0% | 189 |
| Corbin, KY | Micro | +2.6% | +74.5% | — | 61 |
| Murray, KY | Micro | +4.6% | +73.5% | — | 28 |
| Mayfield, KY | Micro | +7.3% | +70.5% | — | 42 |
| Henderson, KY | Micro | +4.2% | +67.0% | — | 147 |
| Paducah, KY-IL | Metro | +2.9% | +62.9% | +11.4% | 152 |
| Middlesborough, KY | Micro | +8.5% | +57.6% | — | 45 |
| Huntington-Ashland, WV-KY-OH | Metro | +4.5% | +49.1% | +8.4% | 438 |
| Pikeville, KY | Micro | −0.2% | +29.2% | — | 9 |
Building permits
Housing units authorised in Kentucky by month, latest 60 monthssingle-family2+ unit buildings
Housing units authorised in Kentucky by year, 1995–2025single-family2+ unit buildings
Single-family share of the latest 12 months: 64% (63% nationally). Since 1995: 459,336 units.
Year by year
Each year's index change and permits, with every county's figures for that year.
| Year | Kentucky index | US index | Units permitted | Single-family |
|---|---|---|---|---|
| 2025 | +3.9% | +2.8% | 14,940 | 8,817 |
| 2024 | +6.2% | +4.9% | 16,264 | 8,919 |
| 2023 | +7.9% | +5.7% | 15,415 | 7,826 |
| 2022 | +14.3% | +15.5% | 15,078 | 8,783 |
| 2021 | +10.3% | +11.6% | 14,841 | 10,087 |
| 2020 | +3.7% | +3.0% | 11,281 | 8,876 |
| 2019 | +4.2% | +4.2% | 11,811 | 7,467 |
| 2018 | +4.4% | +5.7% | 13,826 | 7,776 |
| 2017 | +4.8% | +5.4% | 12,630 | 7,967 |
| 2016 | +3.7% | +5.3% | 12,714 | 7,264 |
| 2015 | +3.1% | +4.4% | 10,566 | 6,606 |
| 2014 | +1.6% | +6.2% | 9,536 | 6,073 |
| 2013 | +0.6% | +3.4% | 8,955 | 6,077 |
| 2012 | −0.1% | −1.8% | 9,725 | 5,538 |
| 2011 | −1.5% | −4.4% | 7,782 | 4,793 |
| 2010 | −1.4% | −5.1% | 7,986 | 5,983 |
| 2009 | −1.5% | −7.5% | 7,398 | 5,978 |
| 2008 | +0.5% | −4.5% | 10,494 | 6,892 |
| 2007 | +2.1% | +0.6% | 14,938 | 11,553 |
| 2006 | +3.3% | +6.6% | 16,628 | 13,496 |
| 2005 | +5.2% | +12.4% | 21,159 | 17,929 |
| 2004 | +4.3% | +9.2% | 22,623 | 18,480 |
| 2003 | +2.4% | +4.5% | 20,404 | 17,428 |
| 2002 | +2.6% | +5.4% | 19,459 | 16,316 |
| 2001 | +4.2% | +6.7% | 17,685 | 14,980 |
| 2000 | +5.1% | +8.3% | 18,460 | 14,825 |
| 1999 | +4.0% | +4.3% | 21,581 | 16,488 |
| 1998 | +3.5% | +3.7% | 20,640 | 15,375 |
| 1997 | +4.4% | +3.8% | 18,114 | 13,734 |
| 1996 | +3.9% | +3.2% | 18,778 | 14,056 |
| 1995 | +6.2% | +3.7% | 17,625 | 12,829 |
Cities issuing the most permits
Housing units authorised in the 12 months to August 2026; every place is listed on its county page.
- Louisville-Jefferson County Unincorporated Area 2,335
- Lexington-Fayette 1,116
- Boone County 882
- Warren County Unincorporated Area 763
- Bullitt County 528
- Nicholasville 364
- Bowling Green 363
- Scott County 343
- Madison County Unincorporated Area 291
- Shelby County 273
- Franklin 264
- Oldham County 259
- Nelson County 245
- Covington 231
- Campbell County Unincorporated Area 195
- Owensboro 187
- Hart County 171
- Franklin County Unincorporated Area 169
- Meade County Unincorporated Area 166
- Clark County 163
- Elizabethtown 157
- Mercer County 149
- Independence 142
- Marshall County 142
- Barren County Unincorporated Area 140
- Hopkinsville 140
- Kenton County Unincorporated Area 135
- Berea 133
- Richmond 126
- Woodford County 123
- Grant County 119
- Simpson County 116
- Hardin County Unincorporated Area 114
- Henderson 110
- Radcliff 110
- Somerset 108
- Anderson County Unincorporated Area 101
- Hopkins County Unincorporated Area 100
- McCracken County Unincorporated Area 95
- Jessamine County Unincorporated Area 94
Questions and answers
How much have home values in Kentucky risen over 10 years?
The FHFA index rose +84.1% between 2015 and 2025, +6.3% a year; over 20 years +96.6% and since 2000 +136.1%. Nationally: +85.0%, +79.1% and +158.3%.
Which Kentucky counties rose most over 10 years?
Butler County (+118.4%), Larue County (+110.5%) and Marion County (+108.8%), by FHFA's annual county index to 2025.
What happened to Kentucky home prices in 2008?
The state index shows no decline of 5% or more from a 2005–2008 peak.
How many homes are being built in Kentucky?
13,410 units were authorised in the 12 months to August 2026: 8,580 single-family and 4,830 in multi-unit buildings, 2.9 per 1,000 residents.
Where does this data come from?
FHFA's quarterly all-transactions state index (through 2026 Q2) and annual state index (updated March 31, 2026); the Census Bureau's Building Permits Survey state and county files through August 2026; vintage 2025 population estimates.
Provenance
Index: Federal Housing Finance Agency, quarterly all-transactions and purchase-only state indexes through 2026 Q2 and annual state index (updated March 31, 2026). Permits: Census Bureau Building Permits Survey state, county and place files through August 2026. Population: Census Bureau vintage 2025 estimates. Public domain. Corrections · FHFA HPI datasets.