Wilmore, KY—40390
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wilmore, KY
As of Oct '25, the median home price in Wilmore, KY is $305,000, with a year-over-year change of 3.1%. This indicates that home prices in Wilmore, KY are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $305,000 | 3.1% |
| Single Family | $304,000 | 2.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $234,000 | 2.6% |
3 Bed | $270,000 | 2.7% |
4 Bed | $392,000 | 3.4% |
| 5 Bed | $481,000 | 4.1% |
% of Housing Stock
Rental Trends — Wilmore, KY
As of July '25, Rentcast reports the average rent in Wilmore, KY is $1,250, with a year-over-year rent change of -21.9%. Per bedroom, the median rent as of July '25 in Wilmore, KY is 3-bedrooms: $1,250. The most common rental property sizes in Wilmore, KY are 3-bedroom and 2-bedroom, accounting for 42.9% and 38.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Wilmore, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Wilmore, KY is 66. This is a increase of 20.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $616,000 | 41.0% |
Listing Count | 24 | 71.0% |
| Listings as % of Homes | 0.2% | 71.0% |
Days on Market | 66 | 20.0% |
Demographics — Wilmore, KY
As of the latest ACS Survey released in 2023, Wilmore, KY has a population of 7,480, which has decreased by -2.7% over the past 5 years. Wilmore, KY is a moderately popular place for families, as children make up 21.4% of the population. The area has a moderately educated workforce, with 40.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,480 | -2.7% |
% Under 18 | 21.4% | 5.4% |
% Seniors | 14.3% | -5.3% |
% WFH | 10.9% | -3.5% |
% w/ College Degree | 40.6% | -13.4% |
As of the latest ACS Survey released in 2023, Wilmore, KY is a predominantly white area, with 90.0% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Wilmore, KY is black, making up 2.8% of the population. Foreign-born residents account for 5.1% of the population in Wilmore, KY, and this percentage has decreased by 30.1% 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 | 90.0% | 3.9% |
% Black | 2.8% | -15.2% |
% Hispanic | 2.2% | 10.0% |
% Asian | 0.2% | -95.3% |
% Foreign Born | 5.1% | -30.1% |
Mortgage and Risk — Wilmore, KY
According to HUD data as of 2023, there were 147 mortgage originations in Wilmore, KY, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Wilmore, KY. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 147 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wilmore, KY
Wilmore, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 33 |
Total Units Section 8 | 33 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $890 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | $240 | $1,200 | $1,440 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Wilmore, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $305,000 |
| Median Household Income | $71,700 |