Smiths Grove, KY—42171
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Smiths Grove, KY
Home Price Trends — Smiths Grove, KY
As of Oct '25, the median home price in Smiths Grove, KY is $254,000, with a year-over-year change of 4.7%. This indicates that home prices in Smiths Grove, KY are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $254,000 | 4.7% |
| Single Family | $254,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $177,000 | 2.9% |
3 Bed | $259,000 | 4.0% |
4 Bed | $354,000 | 4.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Smiths Grove, KY
As of July '25, Rentcast reports the average rent in Smiths Grove, KY is $1,460, with a year-over-year rent change of -24.7%. Per bedroom, the median rent as of July '25 in Smiths Grove, KY is 1-bedrooms: $900, 2-bedrooms: $898, 3-bedrooms: $1,780, 4-bedrooms: $1,400. The most common rental property sizes in Smiths Grove, KY are 3-bedroom and 2-bedroom, accounting for 64.4% and 25.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,460 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $900 |
| 2 Bed Rent | $950 | $898 |
| 3 Bed Rent | $1,700 | $1,780 |
| 4 Bed Rent | $1,400 | $1,400 |
% of Rental Stock
Property Listings — Smiths Grove, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Smiths Grove, KY is 54. This is a decrease of -6.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 5.0% |
Listing Count | 44 | -9.0% |
| Listings as % of Homes | 0.9% | -9.0% |
Days on Market | 54 | -6.0% |
Demographics — Smiths Grove, KY
As of the latest ACS Survey released in 2023, Smiths Grove, KY has a population of 7,190, which has remained stable by -0.6% over the past 5 years. Smiths Grove, KY is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 13.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,190 | -0.6% |
% Under 18 | 27.4% | 18.1% |
% Seniors | 15.0% | -2.6% |
% WFH | 4.6% | 557.1% |
% w/ College Degree | 13.3% | -29.6% |
As of the latest ACS Survey released in 2023, Smiths Grove, KY is a predominantly white area, with 93.4% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Smiths Grove, KY is black, making up 2.5% of the population. Foreign-born residents account for 0.2% of the population in Smiths Grove, 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 | 93.4% | -1.3% |
% Black | 2.5% | 0.0% |
% Hispanic | 0.4% | -42.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.2% | -50.0% |
Mortgage and Risk — Smiths Grove, KY
According to HUD data as of 2023, there were 210 mortgage originations in Smiths Grove, KY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Smiths Grove, KY. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 210 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Smiths Grove, KY
As of 2024, the percent of homes in Smiths Grove, KY under the Section 8 program is 1.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Smiths Grove, KY, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $900 | $870 |
| 2 Bedroom | $100 | $950 | $1,050 |
| 3 Bedroom | -$420 | $1,700 | $1,280 |
| 4 Bedroom | $170 | $1,400 | $1,570 |
Affordability — Smiths Grove, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $254,000 |
| Median Household Income | $65,900 |