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Home appreciation in Kentucky
Kentucky's FHFA HPI® all-transactions index changed +4.7% over the year to Q2 2026, versus +3.0% nationally, ranking 9th of 51 states and D.C. Below, compare its 27 3-digit ZIP regions and 9 metro areas.
- 1-year change
- +4.7%
- 5-year change
- +45.9%
- Since Q1 1995
- +239%
- State rank (1 year)
- 9th
U.S. +3.0%
18th of 51
U.S. +292%
of 51 states and D.C.
Kentucky vs the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Kentucky: 338.8
- United States: 391.6
Kentucky appreciation by time window
| Window | KY | U.S. | Gap vs U.S. |
|---|---|---|---|
| 1 year | +4.7% | +3.0% | +1.7 pts |
| 3 years | +16.2% | +12.9% | +3.4 pts |
| 5 years | +45.9% | +41.3% | +4.6 pts |
| 10 years | +91.2% | +93.3% | −2.1 pts |
| Since Q1 1995 | +239% | +292% | −52.8 pts |
3-digit ZIP regions in Kentucky
Fastest-appreciating ZIP codes in Kentucky →Sorted by one-year change. 24 of 27 regions beat the national one-year change of +3.0%. Place labels name the largest community in each region.
| # | 3-digit ZIP region | 1 year | 5 years | 10 years | Since Q1 1995 |
|---|---|---|---|---|---|
| 1 | 423 · Owensboro, KY area | +13.1% | +50.8% | +91.7% | +234% |
| 2 | 411 · Ashland, KY area | +8.4% | +44.9% | +66.3% | +183% |
| 3 | 404 · Richmond, KY area | +7.3% | +50.0% | +98.8% | +258% |
| 4 | 405 · Lexington-Fayette, KY area | +6.6% | +53.4% | +108% | +287% |
| 5 | 403 · Georgetown, KY area | +6.0% | +52.8% | +98.3% | +250% |
| 6 | 406 · Frankfort, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 7 | 407 · London, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 8 | 408 · Cumberland, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 9 | 409 · Middlesborough, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 10 | 412 · Paintsville, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 11 | 413 · Jackson, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 12 | 414 · West Liberty, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 13 | 415 · Pikeville, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 14 | 416 · Prestonsburg, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 15 | 417 · Hazard, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 16 | 418 · Whitesburg, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 17 | 425 · Somerset, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 18 | 426 · Monticello, KY area | +5.6% | +50.5% | +92.0% | +243% |
| 19 | 420 · Paducah, KY area | +5.3% | +48.2% | +80.2% | +213% |
| 20 | 424 · Henderson, KY area | +4.7% | +49.8% | +80.7% | +235% |
| 21 | 427 · Elizabethtown, KY area | +4.7% | +46.5% | +93.2% | +261% |
| 22 | 410 · Covington, KY area | +4.5% | +49.0% | +100% | +229% |
| 23 | 421 · Bowling Green, KY area | +4.2% | +46.2% | +92.7% | +224% |
| 24 | 402 · Louisville/Jefferson County, KY area | +4.1% | +38.2% | +83.0% | +234% |
| 25 | 422 · Hopkinsville, KY area | +2.1% | +49.4% | +105% | +275% |
| 26 | 400 · Shelbyville, KY area | +0.6% | +42.5% | +87.4% | +238% |
| 27 | 401 · Radcliff, KY area | +0.2% | +38.8% | +86.0% | +244% |
Metro areas in Kentucky
| Metro area | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|
| Owensboro, KY | +13.0% | +48.6% | +230% |
| Paducah, KY-IL | +11.4% | +47.3% | +201% |
| Huntington-Ashland, WV-KY-OH | +8.4% | +44.9% | +183% |
| Lexington-Fayette, KY | +6.1% | +52.5% | +271% |
| Louisville/Jefferson County, KY-IN | +3.9% | +40.2% | +237% |
| Cincinnati, OH-KY-IN | +3.8% | +49.9% | +218% |
| Bowling Green, KY | +2.8% | +45.1% | +215% |
| Clarksville, TN-KY | +2.1% | +49.4% | +275% |
| Elizabethtown, KY | +1.1% | +45.7% | +245% |
Boom, bust, and recovery in Kentucky
Kentucky's index peaked in Q1 2008, fell 4.4% to its low in Q2 2011, and regained its peak in Q1 2015, about 7 years after the top. Today it sits +102% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| KY | Q1 2008 | Q2 2011 | -4.4% | Q1 2015 (7 yrs) | +102% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Kentucky's index has changed +53.0% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | KY after inflation | U.S. after inflation |
|---|---|---|---|
| 1 year | +3.9% | +0.8% | -0.8% |
| 3 years | +9.8% | +5.8% | +2.8% |
| 5 years | +24.0% | +17.6% | +13.9% |
| 10 years | +39.1% | +37.5% | +39.0% |
| Since Q1 1995 | +121% | +53.0% | +76.8% |
If you bought in Kentucky in…
An example $300,000 purchase grown at the statewide index rate to Q2 2026. Local markets within the state vary widely.
| Bought in | Index change | $300,000 then, at the state rate |
|---|---|---|
| Q2 1995 | +233% | $999,660 |
| Q2 2000 | +169% | $805,696 |
| Q2 2005 | +117% | $652,280 |
| Q2 2010 | +109% | $626,580 |
| Q2 2015 | +98.3% | $594,964 |
| Q2 2020 | +61.2% | $483,722 |
| Q2 2021 | +45.8% | $437,537 |
| Q2 2023 | +16.2% | $348,626 |
| Q2 2025 | +4.7% | $314,227 |
Frequently asked questions
- How much have home prices gone up in Kentucky?
- FHFA HPI® data for Kentucky shows the all-transactions index changed +4.7% over the year to Q2 2026, +45.9% over five years, +91.2% over ten years, and +239% since Q1 1995.
- Is Kentucky appreciating faster than the national average?
- Over the past year Kentucky's index moved +1.7 pts versus the U.S. (+3.0%), ranking 9th of 51 states and D.C. Over five years the gap is +4.6 pts.
- Which ZIP codes in Kentucky are appreciating fastest?
- Over the past year the strongest of 27 3-digit ZIP regions in Kentucky was ZIP3 423 (Owensboro, KY area) at +13.1%, and the weakest was ZIP3 401 (Radcliff, KY area) at +0.2%. 24 of 27 beat the national one-year change.