London, KY—40744
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 $196,000, with a year-over-year change of 8.7%. This indicates that home prices in London, KY are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 8.7% |
| Single Family | $195,000 | 8.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $142,000 | 6.8% |
3 Bed | $219,000 | 7.9% |
4 Bed | $313,000 | 7.2% |
| 5 Bed | $410,000 | 6.2% |
% of Housing Stock
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 |
% 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 82. This is a increase of 39.0% 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 | $295,000 | 7.0% |
Listing Count | 64 | 33.0% |
| Listings as % of Homes | 0.6% | 33.0% |
Days on Market | 82 | 39.0% |
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% |
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% |
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% |
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 | 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 |
Affordability — London, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $196,000 |
| Median Household Income | $64,600 |