Water Valley, KY—42085
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Water Valley, KY
As of Oct '25, the median home price in Water Valley, KY is $97,000, with a year-over-year change of 6.3%. This indicates that home prices in Water Valley, KY are increasing. According to Zillow, the 1-year price projection is 5.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $97,000 | 6.3% |
| Single Family | $97,000 | 5.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $65,000 | 10.2% |
3 Bed | $142,000 | 10.9% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Water Valley, KY
Water Valley, 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 — Water Valley, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Water Valley, KY is 14. This is a decrease of -40.0% from last year, suggesting that homes are sitting on the market shorter 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 | $170,000 | 62.0% |
Listing Count | 1 | -44.0% |
| Listings as % of Homes | 0.6% | -44.0% |
Days on Market | 14 | -40.0% |
Demographics — Water Valley, KY
As of the latest ACS Survey released in 2023, Water Valley, KY has a population of 918, which has decreased by -6.4% over the past 5 years. Water Valley, KY is a moderately popular place for families, as children make up 16.7% of the population. The area has a poorly educated workforce, with 4.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 918 | -6.4% |
% Under 18 | 16.7% | -40.6% |
% Seniors | 10.7% | -44.8% |
% WFH | 0.0% | N/A |
% w/ College Degree | 4.1% | -46.1% |
As of the latest ACS Survey released in 2023, Water Valley, KY is a predominantly white area, with 94.4% of the population identifying as white. The white population has grown by 10.2% in the last 5 years. The second most common race or ethnicity in Water Valley, KY is hispanic, making up 4.1% of the population. Foreign-born residents account for 1.3% of the population in Water Valley, KY, and this percentage has decreased by 73.5% 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 | 94.4% | 10.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.1% | -43.8% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.3% | -73.5% |
Mortgage and Risk — Water Valley, KY
Water Valley, KY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Water Valley, KY
Water Valley, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $670 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Water Valley, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.8 |
| Median Home Price | $97,000 |
| Median Household Income | $55,700 |