London, KY 40744 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

London, KY—40744

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$197,000

8.8% YoY Growth

Household Income

$64,600

48.3% YoY Growth

Days on Market

28.0% Longer YoY

Home Price Forecast

1.0%

Median Rent

$1,400

8.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,400

8.6% YoY Growth

Other Zip Codes in London, KY

40741

Home Price Trends — London, KY

As of Dec '25, the median home price in London, KY is $197,000, with a year-over-year change of 8.8%. This indicates that home prices in London, KY are increasing. 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	$197,000	8.8%
Single Family	$197,000	8.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — London, KY

As of July '25, Rentcast reports the average rent in London, KY is $1,520, with a year-over-year rent change of 8.6%. Per bedroom, the median rent as of July '25 in London, KY is 3-bedrooms: $1,520. The most common rental property sizes in London, KY are 3-bedroom and 2-bedroom, accounting for 44.8% and 34.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,520
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,400	$1,520
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.8%

1 Bedroom

10.6%

2 Bedrooms

34.0%

3 Bedrooms

44.8%

4 Bedrooms

8.8%

Property Listings — London, KY

As of Dec '25, Realtor.com reports that the median days on market for a home in London, KY is 67. This is a increase of 34.0% 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	$327,000	1.0%
Listing Count	75	45.0%
Listings as % of Homes	0.6%	45.0%
Days on Market	71	28.0%

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Demographics — London, KY

As of the latest ACS Survey released in 2023, London, KY has a population of 20,100, which has increased by 10.8% over the past 5 years. London, KY is a moderately popular place for families, as children make up 23.3% of the population. The area has a poorly educated workforce, with 16.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	20,100	10.8%
% Under 18	23.3%	0.4%
% Seniors	17.2%	11.0%
% WFH	6.6%	144.4%
% w/ College Degree	16.5%	7.8%

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As of the latest ACS Survey released in 2023, London, KY is a predominantly white area, with 94.0% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in London, KY is hispanic, making up 1.4% of the population. Foreign-born residents account for 1.9% of the population in London, KY, and this percentage has increased by 171.4% 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	94.0%	-1.4%
% Black	0.9%	50.0%
% Hispanic	1.4%	-17.6%
% Asian	0.4%	100.0%
% Foreign Born	1.9%	171.4%

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Mortgage and Risk — London, KY

According to HUD data as of 2023, there were 239 mortgage originations in London, KY, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in London, KY. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	239
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	11.0%

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Rentals and Section 8 — London, KY

London, KY lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	161
Total Units Section 8	161
% Rentals under Section 8	N/A
% Occupied Section 8	94.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$690
2 Bedroom	N/A	N/A	$900
3 Bedroom	-$270	$1,400	$1,130
4 Bedroom	N/A	N/A	$1,300

London, KY—40744

Key Metrics at a Glance

Other Zip Codes in London, KY

Home Price Trends — London, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — London, KY

% of Rental Stock

Property Listings — London, KY

Demographics — London, KY

Race and Ethnicity

Mortgage and Risk — London, KY

Mortgages

Rentals and Section 8 — London, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — London, KY

Home Price to Income Ratio

London, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Lily, KY

Keavy, KY

London, KY

Corbin, KY

Gray, KY

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$197,000
Median Household Income	$64,600

London, KY—40744

Key Metrics at a Glance

Other Zip Codes in London, KY

Home Price Trends — London, KY

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — London, KY

% of Rental Stock

Property Listings — London, KY

Demographics — London, KY

Race and Ethnicity

Mortgage and Risk — London, KY

Mortgages

Rentals and Section 8 — London, KY

Section 8 Market Size

Section 8 Opportunity

Affordability — London, KY

Home Price to Income Ratio

London, KY — ZIP Code Boundary Map

Nearby ZIP Codes

Lily, KY

Keavy, KY

London, KY

Corbin, KY

Gray, KY

Frequently Asked Questions

What is the average home price in London, KY 40744?

How have home prices in London, KY 40744 changed over the past year?

What is the home price projection for London, KY 40744?

What are the demographics of London, KY 40744?

How long does it take homes to sell in London, KY 40744?

What is the average rent price in London, KY 40744?