Butler, KY—41006
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Butler, KY
As of Oct '25, the median home price in Butler, KY is $272,000, with a year-over-year change of 5.3%. This indicates that home prices in Butler, KY are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $272,000 | 5.3% |
| Single Family | $273,000 | 5.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $187,000 | -2.1% |
3 Bed | $282,000 | 4.1% |
4 Bed | $364,000 | 4.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Butler, KY
Butler, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Butler, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Butler, KY is 35. This is a increase of 42.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $269,000 | -9.0% |
Listing Count | 7 | 7.0% |
| Listings as % of Homes | 0.4% | 7.0% |
Days on Market | 35 | 42.0% |
Demographics — Butler, KY
As of the latest ACS Survey released in 2023, Butler, KY has a population of 3,860, which has decreased by -11.7% over the past 5 years. Butler, KY is a moderately popular place for families, as children make up 19.0% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,860 | -11.7% |
% Under 18 | 19.0% | -18.8% |
% Seniors | 22.1% | 30.0% |
% WFH | 12.4% | 726.7% |
% w/ College Degree | 18.3% | 11.6% |
As of the latest ACS Survey released in 2023, Butler, KY is a predominantly white area, with 95.4% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Butler, KY is hispanic, making up 3.0% of the population. Foreign-born residents account for 1.2% of the population in Butler, KY, and this percentage has increased by 9.1% 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 | 95.4% | -0.4% |
% Black | 0.6% | -60.0% |
% Hispanic | 3.0% | 650.0% |
% Asian | 0.2% | -33.3% |
% Foreign Born | 1.2% | 9.1% |
Mortgage and Risk — Butler, KY
According to HUD data as of 2023, there were 63 mortgage originations in Butler, KY, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Butler, 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 | 63 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Butler, KY
Butler, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 52 |
Total Units Section 8 | 52 |
% Rentals under Section 8 | 16.0% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $840 |
| 2 Bedroom | N/A | N/A | $1,090 |
| 3 Bedroom | N/A | N/A | $1,450 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Butler, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $272,000 |
| Median Household Income | $67,400 |