Versailles, KY—40383
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Versailles, KY
As of Oct '25, the median home price in Versailles, KY is $352,000, with a year-over-year change of 3.3%. This indicates that home prices in Versailles, KY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | 3.3% |
| Single Family | $350,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $229,000 | 4.1% |
3 Bed | $311,000 | 3.7% |
4 Bed | $457,000 | 5.3% |
| 5 Bed | $598,000 | 3.8% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Versailles, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Versailles, KY is 55. This is a increase of 18.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | 22.0% |
Listing Count | 115 | 19.0% |
| Listings as % of Homes | 0.7% | 19.0% |
Days on Market | 55 | 18.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Versailles, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $352,000 |
| Median Household Income | $80,400 |