Versailles, KY 40383 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Versailles, KY—40383

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$352,000

2.9% YoY Growth

Household Income

$80,400

26.6% YoY Growth

Days on Market

19.0% Longer YoY

Home Price Forecast

1.7%

Median Rent

$1,500

30.7% YoY Growth

1-Bed Rent

$725

4.4% YoY Growth

2-Bed Rent

$1,350

19.5% YoY Growth

3-Bed Rent

$1,500

7.6% YoY Growth

Home Price Trends — Versailles, KY

As of Dec '25, the median home price in Versailles, KY is $352,000, with a year-over-year change of 2.9%. This indicates that home prices in Versailles, KY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$352,000	2.9%
Single Family	$349,000	1.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Versailles, KY

As of July '25, Rentcast reports the average rent in Versailles, KY is $1,960, with a year-over-year rent change of 30.7%. Per bedroom, the median rent as of July '25 in Versailles, KY is 1-bedrooms: $725, 2-bedrooms: $1,780, 3-bedrooms: $1,980, 4-bedrooms: $3,350. The most common rental property sizes in Versailles, KY are 3-bedroom and 2-bedroom, accounting for 50.8% and 34.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,960
Studio Rent	N/A	N/A
1 Bed Rent	$725	$725
2 Bed Rent	$1,350	$1,780
3 Bed Rent	$1,500	$1,980
4 Bed Rent	$2,200	$3,350

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% of Rental Stock

Studio

0.4%

1 Bedroom

11.8%

2 Bedrooms

34.0%

3 Bedrooms

50.8%

4 Bedrooms

2.4%

5+ Bedrooms

0.5%

Property Listings — Versailles, KY

As of Dec '25, Realtor.com reports that the median days on market for a home in Versailles, KY is 61. This is a increase of 19.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$549,000	17.0%
Listing Count	110	43.0%
Listings as % of Homes	0.7%	43.0%
Days on Market	72	19.0%

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Demographics — Versailles, KY

As of the latest ACS Survey released in 2023, Versailles, KY has a population of 24,200, which has increased by 2.2% over the past 5 years. Versailles, KY is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 42.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	24,200	2.2%
% Under 18	22.2%	-5.9%
% Seniors	20.1%	21.1%
% WFH	12.6%	168.1%
% w/ College Degree	42.3%	32.2%

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As of the latest ACS Survey released in 2023, Versailles, KY is a predominantly white area, with 85.0% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Versailles, KY is hispanic, making up 7.8% of the population. Foreign-born residents account for 5.6% of the population in Versailles, KY, and this percentage has decreased by 5.1% 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	85.0%	-1.7%
% Black	3.7%	-15.9%
% Hispanic	7.8%	20.0%
% Asian	0.4%	33.3%
% Foreign Born	5.6%	-5.1%

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Mortgage and Risk — Versailles, KY

According to HUD data as of 2023, there were 478 mortgage originations in Versailles, KY, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Versailles, KY. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	478
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	12.0%

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Rentals and Section 8 — Versailles, KY

As of 2024, the percent of homes in Versailles, KY under the Section 8 program is 9.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Versailles, KY, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	400
Total Units Section 8	245
% Rentals under Section 8	9.2%
% Occupied Section 8	66.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$165	$725	$890
2 Bedroom	-$290	$1,350	$1,060
3 Bedroom	-$60	$1,500	$1,440
4 Bedroom	-$570	$2,200	$1,630

Versailles, KY—40383

Key Metrics at a Glance

Home Price Trends — Versailles, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Versailles, KY

% of Rental Stock

Property Listings — Versailles, KY

Demographics — Versailles, KY

Race and Ethnicity

Mortgage and Risk — Versailles, KY

Mortgages

Rentals and Section 8 — Versailles, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — Versailles, KY

Home Price to Income Ratio

Versailles, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Keene

Winchester Rd East, Lexington, KY

Midway, KY

Nicholasville Area, Lexington, KY

Wilmore, KY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.9
Median Home Price	$352,000
Median Household Income	$80,400

Versailles, KY—40383

Key Metrics at a Glance

Home Price Trends — Versailles, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Versailles, KY

% of Rental Stock

Property Listings — Versailles, KY

Demographics — Versailles, KY

Race and Ethnicity

Mortgage and Risk — Versailles, KY

Mortgages

Rentals and Section 8 — Versailles, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — Versailles, KY

Home Price to Income Ratio

Versailles, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Keene

Winchester Rd East, Lexington, KY

Midway, KY

Nicholasville Area, Lexington, KY

Wilmore, KY

Frequently Asked Questions

What is the average home price in Versailles, KY 40383?

How have home prices in Versailles, KY 40383 changed over the past year?

What is the home price projection for Versailles, KY 40383?

What are the demographics of Versailles, KY 40383?

How long does it take homes to sell in Versailles, KY 40383?

What is the average rent price in Versailles, KY 40383?