Flatwoods, KY—41139
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Flatwoods, KY
As of Oct '25, the median home price in Flatwoods, KY is $141,000, with a year-over-year change of 4.7%. This indicates that home prices in Flatwoods, 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 | $141,000 | 4.7% |
| Single Family | $141,000 | 3.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $104,000 | 2.0% |
3 Bed | $147,000 | 5.0% |
4 Bed | $211,000 | 5.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Flatwoods, KY
As of July '25, Rentcast reports the average rent in Flatwoods, KY is $2,100, with a year-over-year rent change of 162.5%. Per bedroom, the median rent as of July '25 in Flatwoods, KY is studios: $695, 3-bedrooms: $3,500. The most common rental property sizes in Flatwoods, KY are 2-bedroom and 3-bedroom, accounting for 49.9% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $695 | $2,100 |
| Studio Rent | $695 | $695 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $3,500 | $3,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Flatwoods, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Flatwoods, KY is 45. This is a increase of 68.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $291,000 | 38.0% |
Listing Count | 23 | 14.0% |
| Listings as % of Homes | 0.5% | 14.0% |
Days on Market | 45 | 68.0% |
Demographics — Flatwoods, KY
As of the latest ACS Survey released in 2023, Flatwoods, KY has a population of 8,260, which has increased by 3.2% over the past 5 years. Flatwoods, KY is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 15.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,260 | 3.2% |
% Under 18 | 22.0% | 4.8% |
% Seniors | 23.1% | 14.4% |
% WFH | 6.3% | 950.0% |
% w/ College Degree | 15.4% | -15.8% |
As of the latest ACS Survey released in 2023, Flatwoods, KY is a predominantly white area, with 96.0% of the population identifying as white. The white population has grown by 0.7% in the last 5 years. The second most common race or ethnicity in Flatwoods, KY is hispanic, making up 1.3% of the population. Foreign-born residents account for 0.9% of the population in Flatwoods, KY, and this percentage has increased by 125.0% 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 | 96.0% | 0.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.3% | 160.0% |
% Asian | 0.4% | -42.9% |
% Foreign Born | 0.9% | 125.0% |
Mortgage and Risk — Flatwoods, KY
According to HUD data as of 2023, there were 146 mortgage originations in Flatwoods, KY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Flatwoods, KY. Investor activity is low, as 14.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 146 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 14.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Flatwoods, KY
Flatwoods, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 185 |
Total Units Section 8 | 185 |
% Rentals under Section 8 | 29.7% |
% Occupied Section 8 | 91.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $920 |
| 2 Bedroom | N/A | N/A | $1,050 |
| 3 Bedroom | -$2,140 | $3,500 | $1,360 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Flatwoods, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $141,000 |
| Median Household Income | $59,600 |