Hopkinsville, KY—42240
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hopkinsville, KY
As of Oct '25, the median home price in Hopkinsville, KY is $192,000, with a year-over-year change of 6.1%. This indicates that home prices in Hopkinsville, 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 | $192,000 | 6.1% |
| Single Family | $193,000 | 6.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $67,000 | 0.0% |
2 Bed | $115,000 | 6.5% |
3 Bed | $206,000 | 5.1% |
4 Bed | $290,000 | 6.6% |
| 5 Bed | $375,000 | 6.2% |
% of Housing Stock
Rental Trends — Hopkinsville, KY
As of July '25, Rentcast reports the average rent in Hopkinsville, KY is $1,010, with a year-over-year rent change of 22.0%. Per bedroom, the median rent as of July '25 in Hopkinsville, KY is studios: $1,000, 1-bedrooms: $692, 2-bedrooms: $928, 3-bedrooms: $1,530, 4-bedrooms: $1,730. The most common rental property sizes in Hopkinsville, KY are 2-bedroom and 3-bedroom, accounting for 46.3% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $949 | $1,010 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | $695 | $692 |
| 2 Bed Rent | $949 | $928 |
| 3 Bed Rent | $1,550 | $1,530 |
| 4 Bed Rent | $1,300 | $1,730 |
% of Rental Stock
Property Listings — Hopkinsville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Hopkinsville, KY is 58. This is a increase of 6.0% 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 | $247,000 | 0.0% |
Listing Count | 180 | -8.0% |
| Listings as % of Homes | 0.4% | -8.0% |
Days on Market | 58 | 6.0% |
Demographics — Hopkinsville, KY
As of the latest ACS Survey released in 2023, Hopkinsville, KY has a population of 41,500, which has remained stable by -0.6% over the past 5 years. Hopkinsville, KY is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,500 | -0.6% |
% Under 18 | 24.9% | -4.6% |
% Seniors | 17.0% | 3.0% |
% WFH | 4.0% | 100.0% |
% w/ College Degree | 21.2% | 18.4% |
As of the latest ACS Survey released in 2023, Hopkinsville, KY is a predominantly white area, with 64.9% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Hopkinsville, KY is black, making up 23.4% of the population. Foreign-born residents account for 2.8% of the population in Hopkinsville, KY, and this percentage has increased by 33.3% 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 | 64.9% | -3.0% |
% Black | 23.4% | -7.1% |
% Hispanic | 3.9% | 5.4% |
% Asian | 0.9% | -10.0% |
% Foreign Born | 2.8% | 33.3% |
Mortgage and Risk — Hopkinsville, KY
According to HUD data as of 2023, there were 805 mortgage originations in Hopkinsville, KY, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Hopkinsville, KY. Investor activity is low, as 14.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 805 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 14.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Hopkinsville, KY
As of 2024, the percent of homes in Hopkinsville, KY under the Section 8 program is 20.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Hopkinsville, KY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 1,502 |
Total Units Section 8 | 1,454 |
% Rentals under Section 8 | 20.0% |
% Occupied Section 8 | 93.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $185 | $695 | $880 |
| 2 Bedroom | $181 | $949 | $1,130 |
| 3 Bedroom | $30 | $1,550 | $1,580 |
| 4 Bedroom | $610 | $1,300 | $1,910 |
Affordability — Hopkinsville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $192,000 |
| Median Household Income | $49,900 |