Cave City, KY—42127
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cave City, KY
As of Oct '25, the median home price in Cave City, KY is $199,000, with a year-over-year change of 7.9%. This indicates that home prices in Cave City, KY are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | 7.9% |
| Single Family | $199,000 | 7.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $143,000 | 4.4% |
3 Bed | $215,000 | 3.4% |
4 Bed | $271,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cave City, KY
As of July '25, Rentcast reports the average rent in Cave City, KY is $950, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Cave City, KY is 2-bedrooms: $950, 3-bedrooms: $950. The most common rental property sizes in Cave City, KY are 2-bedroom and 3-bedroom, accounting for 54.6% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $950 | $950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $950 |
| 3 Bed Rent | $950 | $950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cave City, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Cave City, KY is 74. This is a increase of 330.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $216,000 | -4.0% |
Listing Count | 22 | 72.0% |
| Listings as % of Homes | 0.7% | 72.0% |
Days on Market | 74 | 330.0% |
Demographics — Cave City, KY
As of the latest ACS Survey released in 2023, Cave City, KY has a population of 6,360, which has decreased by -4.0% over the past 5 years. Cave City, KY is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 9.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,360 | -4.0% |
% Under 18 | 18.3% | -16.8% |
% Seniors | 17.3% | 20.1% |
% WFH | 6.9% | 165.4% |
% w/ College Degree | 9.3% | -22.5% |
As of the latest ACS Survey released in 2023, Cave City, KY is a predominantly white area, with 90.8% of the population identifying as white. The white population has grown by 3.9% in the last 5 years. The second most common race or ethnicity in Cave City, KY is black, making up 3.3% of the population. Foreign-born residents account for 1.1% of the population in Cave City, KY, and this percentage has decreased by 26.7% 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 | 90.8% | 3.9% |
% Black | 3.3% | -47.6% |
% Hispanic | 1.3% | -67.5% |
% Asian | 1.0% | -9.1% |
% Foreign Born | 1.1% | -26.7% |
Mortgage and Risk — Cave City, KY
According to HUD data as of 2023, there were 63 mortgage originations in Cave City, KY, of which 60.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Cave City, KY. Investor activity is low, as 5.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 60.0% |
% Government Loans | 40.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Cave City, KY
Cave City, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 124 |
Total Units Section 8 | 55 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | -$80 | $950 | $870 |
| 3 Bedroom | $170 | $950 | $1,120 |
| 4 Bedroom | N/A | N/A | $1,200 |
Affordability — Cave City, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $199,000 |
| Median Household Income | $43,200 |