London, KY—40741
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in London, KY
Home Price Trends — London, KY
As of Oct '25, the median home price in London, KY is $182,000, with a year-over-year change of 8.2%. This indicates that home prices in London, KY are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $182,000 | 8.3% |
| Single Family | $182,000 | 8.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $144,000 | 9.1% |
3 Bed | $216,000 | 9.1% |
4 Bed | $301,000 | 8.7% |
| 5 Bed | $417,000 | 6.9% |
% of Housing Stock
Rental Trends — London, KY
As of July '25, Rentcast reports the average rent in London, KY is $1,420, with a year-over-year rent change of 80.2%. Per bedroom, the median rent as of July '25 in London, KY is 1-bedrooms: $850, 2-bedrooms: $1,980. The most common rental property sizes in London, KY are 2-bedroom and 3-bedroom, accounting for 48.4% and 30.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $1,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | $1,980 | $1,980 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — London, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in London, KY is 78. This is a increase of 14.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $338,000 | 9.0% |
Listing Count | 78 | 8.0% |
| Listings as % of Homes | 0.7% | 8.0% |
Days on Market | 78 | 14.0% |
Demographics — London, KY
As of the latest ACS Survey released in 2023, London, KY has a population of 23,300, which has decreased by -1.9% over the past 5 years. London, KY is a moderately popular place for families, as children make up 23.8% of the population. The area has a poorly educated workforce, with 18.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | -1.9% |
% Under 18 | 23.8% | 8.2% |
% Seniors | 17.4% | 10.1% |
% WFH | 8.1% | 179.3% |
% w/ College Degree | 18.8% | 30.6% |
As of the latest ACS Survey released in 2023, London, KY is a predominantly white area, with 96.3% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in London, KY is hispanic, making up 1.7% of the population. Foreign-born residents account for 0.9% of the population in London, KY, and this percentage has increased by 80.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.3% | 1.3% |
% Black | 0.3% | -81.2% |
% Hispanic | 1.7% | -10.5% |
% Asian | 0.4% | 33.3% |
% Foreign Born | 0.9% | 80.0% |
Mortgage and Risk — London, KY
According to HUD data as of 2023, there were 361 mortgage originations in London, KY, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in London, KY. Investor activity is low, as 4.0% 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 | 361 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — London, KY
London, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 391 |
Total Units Section 8 | 257 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 89.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $850 | $690 |
| 2 Bedroom | -$1,070 | $1,980 | $910 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — London, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $182,000 |
| Median Household Income | $60,400 |