Erlanger, KY—41018
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Erlanger, KY
As of Oct '25, the median home price in Erlanger, KY is $227,000, with a year-over-year change of 0.4%. This indicates that home prices in Erlanger, KY are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $227,000 | 0.4% |
| Single Family | $230,000 | 0.0% |
| Condos | $167,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $184,000 | 2.2% |
3 Bed | $234,000 | 1.3% |
4 Bed | $297,000 | 2.4% |
| 5 Bed | $411,000 | 3.5% |
% of Housing Stock
Rental Trends — Erlanger, KY
As of July '25, Rentcast reports the average rent in Erlanger, KY is $1,450, with a year-over-year rent change of 15.1%. Per bedroom, the median rent as of July '25 in Erlanger, KY is 1-bedrooms: $1,010, 2-bedrooms: $1,430, 3-bedrooms: $1,680. The most common rental property sizes in Erlanger, KY are 2-bedroom and 3-bedroom, accounting for 46.2% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,440 | $1,450 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,000 | $1,010 |
| 2 Bed Rent | $1,480 | $1,430 |
| 3 Bed Rent | $1,500 | $1,680 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Erlanger, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Erlanger, KY is 31. This is a increase of 36.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $249,000 | -2.0% |
Listing Count | 64 | 8.0% |
| Listings as % of Homes | 0.4% | 8.0% |
Days on Market | 31 | 36.0% |
Demographics — Erlanger, KY
As of the latest ACS Survey released in 2023, Erlanger, KY has a population of 28,700, which has increased by 3.8% over the past 5 years. Erlanger, KY is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,700 | 3.8% |
% Under 18 | 24.1% | 4.3% |
% Seniors | 13.9% | 1.5% |
% WFH | 11.9% | 325.0% |
% w/ College Degree | 28.4% | 24.6% |
As of the latest ACS Survey released in 2023, Erlanger, KY is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Erlanger, KY is hispanic, making up 5.4% of the population. Foreign-born residents account for 3.8% of the population in Erlanger, KY, and this percentage has decreased by 9.5% 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 | 83.1% | -3.1% |
% Black | 4.7% | -19.0% |
% Hispanic | 5.4% | 54.3% |
% Asian | 1.5% | -11.8% |
% Foreign Born | 3.8% | -9.5% |
Mortgage and Risk — Erlanger, KY
According to HUD data as of 2023, there were 530 mortgage originations in Erlanger, KY, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Erlanger, KY. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 530 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Erlanger, KY
Erlanger, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 252 |
Total Units Section 8 | 252 |
% Rentals under Section 8 | 6.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,000 | $1,000 |
| 2 Bedroom | -$180 | $1,480 | $1,300 |
| 3 Bedroom | $220 | $1,500 | $1,720 |
| 4 Bedroom | N/A | N/A | $1,900 |
Affordability — Erlanger, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $227,000 |
| Median Household Income | $70,300 |