Dry Ridge, KY—41035
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dry Ridge, KY
As of Oct '25, the median home price in Dry Ridge, KY is $275,000, with a year-over-year change of 4.0%. This indicates that home prices in Dry Ridge, KY are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $275,000 | 4.0% |
| Single Family | $275,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $227,000 | 1.8% |
3 Bed | $277,000 | 3.7% |
4 Bed | $345,000 | 3.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dry Ridge, KY
As of July '25, Rentcast reports the average rent in Dry Ridge, KY is $731, with a year-over-year rent change of -10.7%. Per bedroom, the median rent as of July '25 in Dry Ridge, KY is 1-bedrooms: $731. The most common rental property sizes in Dry Ridge, KY are 3-bedroom and 2-bedroom, accounting for 45.3% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $725 | $731 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $725 | $731 |
| 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 — Dry Ridge, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Dry Ridge, KY is 51. This is a increase of 16.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $407,000 | 24.0% |
Listing Count | 27 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 51 | 16.0% |
Demographics — Dry Ridge, KY
As of the latest ACS Survey released in 2023, Dry Ridge, KY has a population of 11,200, which has decreased by -3.3% over the past 5 years. Dry Ridge, KY is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 12.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | -3.3% |
% Under 18 | 24.5% | -19.9% |
% Seniors | 13.3% | 19.8% |
% WFH | 4.5% | 104.5% |
% w/ College Degree | 12.5% | -10.1% |
As of the latest ACS Survey released in 2023, Dry Ridge, KY is a predominantly white area, with 93.9% of the population identifying as white. The white population has grown by 0.8% in the last 5 years. The second most common race or ethnicity in Dry Ridge, KY is hispanic, making up 4.2% of the population. Foreign-born residents account for 0.8% of the population in Dry Ridge, KY, and this percentage has decreased by 50.0% 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 | 93.9% | 0.8% |
% Black | 0.2% | ∞% |
% Hispanic | 4.2% | -10.6% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 0.8% | -50.0% |
Mortgage and Risk — Dry Ridge, KY
According to HUD data as of 2023, there were 233 mortgage originations in Dry Ridge, KY, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Dry Ridge, KY. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 233 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Dry Ridge, KY
Dry Ridge, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 165 |
Total Units Section 8 | 99 |
% Rentals under Section 8 | 8.4% |
% Occupied Section 8 | 86.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $725 | $850 |
| 2 Bedroom | N/A | N/A | $1,100 |
| 3 Bedroom | N/A | N/A | $1,430 |
| 4 Bedroom | N/A | N/A | $1,600 |
Affordability — Dry Ridge, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $275,000 |
| Median Household Income | $68,300 |