Paris, KY—40361
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Paris, KY
As of Oct '25, the median home price in Paris, KY is $240,000, with a year-over-year change of 0.1%. This indicates that home prices in Paris, KY are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $240,000 | 0.1% |
| Single Family | $240,000 | -0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | -0.6% |
3 Bed | $236,000 | 0.0% |
4 Bed | $349,000 | 2.9% |
| 5 Bed | $401,000 | 3.6% |
% of Housing Stock
Rental Trends — Paris, KY
As of July '25, Rentcast reports the average rent in Paris, KY is $1,360, with a year-over-year rent change of 17.2%. Per bedroom, the median rent as of July '25 in Paris, KY is 1-bedrooms: $995, 2-bedrooms: $1,240, 3-bedrooms: $1,540. The most common rental property sizes in Paris, KY are 2-bedroom and 3-bedroom, accounting for 41.2% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,280 | $1,360 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $995 |
| 2 Bed Rent | $1,280 | $1,240 |
| 3 Bed Rent | $1,450 | $1,540 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Paris, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Paris, KY is 51. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $305,000 | -4.0% |
Listing Count | 85 | 50.0% |
| Listings as % of Homes | 0.6% | 50.0% |
Days on Market | 51 | -11.0% |
Demographics — Paris, KY
As of the latest ACS Survey released in 2023, Paris, KY has a population of 18,400, which has remained stable by -0.6% over the past 5 years. Paris, KY is a moderately popular place for families, as children make up 23.1% of the population. The area has a moderately educated workforce, with 25.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,400 | -0.6% |
% Under 18 | 23.1% | 1.3% |
% Seniors | 19.3% | 9.0% |
% WFH | 9.0% | 55.2% |
% w/ College Degree | 25.3% | 33.9% |
As of the latest ACS Survey released in 2023, Paris, KY is a predominantly white area, with 83.3% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Paris, KY is hispanic, making up 8.2% of the population. Foreign-born residents account for 4.4% of the population in Paris, KY, and this percentage has decreased by 10.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.3% | -1.8% |
% Black | 4.9% | -35.5% |
% Hispanic | 8.2% | 26.2% |
% Asian | 0.2% | -60.0% |
% Foreign Born | 4.4% | -10.2% |
Mortgage and Risk — Paris, KY
According to HUD data as of 2023, there were 319 mortgage originations in Paris, KY, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Paris, KY. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 319 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Paris, KY
Paris, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 702 |
Total Units Section 8 | 571 |
% Rentals under Section 8 | 22.8% |
% Occupied Section 8 | 79.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$105 | $995 | $890 |
| 2 Bedroom | -$220 | $1,280 | $1,060 |
| 3 Bedroom | -$10 | $1,450 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Paris, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $240,000 |
| Median Household Income | $57,100 |