Oak Grove, KY—42262
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Oak Grove, KY
As of Oct '25, the median home price in Oak Grove, KY is $210,000, with a year-over-year change of 3.8%. This indicates that home prices in Oak Grove, KY are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $210,000 | 3.8% |
| Single Family | $210,000 | 3.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $160,000 | 3.2% |
3 Bed | $214,000 | 2.4% |
4 Bed | $272,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Oak Grove, KY
As of July '25, Rentcast reports the average rent in Oak Grove, KY is $1,150, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Oak Grove, KY is studios: $700, 1-bedrooms: $741, 2-bedrooms: $958, 3-bedrooms: $1,350, 4-bedrooms: $1,450. The most common rental property sizes in Oak Grove, KY are 3-bedroom and 2-bedroom, accounting for 52.3% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,140 | $1,150 |
| Studio Rent | $700 | $700 |
| 1 Bed Rent | $725 | $741 |
| 2 Bed Rent | $995 | $958 |
| 3 Bed Rent | $1,300 | $1,350 |
| 4 Bed Rent | $1,300 | $1,450 |
% of Rental Stock
Property Listings — Oak Grove, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Oak Grove, KY is 43. This is a increase of 42.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $240,000 | 6.0% |
Listing Count | 72 | 35.0% |
| Listings as % of Homes | 0.6% | 35.0% |
Days on Market | 43 | 42.0% |
Demographics — Oak Grove, KY
As of the latest ACS Survey released in 2023, Oak Grove, KY has a population of 9,650, which has increased by 10.2% over the past 5 years. Oak Grove, KY is a popular place for families, as children make up 40.7% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,650 | 10.2% |
% Under 18 | 40.7% | 33.0% |
% Seniors | 4.3% | 53.6% |
% WFH | 3.1% | 244.4% |
% w/ College Degree | 14.8% | -9.8% |
As of the latest ACS Survey released in 2023, Oak Grove, KY is a predominantly white area, with 61.2% of the population identifying as white. The white population has grown by 5.9% in the last 5 years. The second most common race or ethnicity in Oak Grove, KY is black, making up 18.6% of the population. Foreign-born residents account for 3.2% of the population in Oak Grove, KY, and this percentage has increased by 77.8% 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 | 61.2% | 5.9% |
% Black | 18.6% | -18.1% |
% Hispanic | 11.7% | -18.2% |
% Asian | 1.6% | 220.0% |
% Foreign Born | 3.2% | 77.8% |
Mortgage and Risk — Oak Grove, KY
According to HUD data as of 2023, there were 188 mortgage originations in Oak Grove, KY, of which 23.0% of loans were conventional mortgages. The average loan-to-value was 88.0%, with 76.0% above 90% LTV (very high). This implies large mortgage risk in Oak Grove, KY. Investor activity is low, as 8.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 188 |
% Conventional Loans | 23.0% |
% Government Loans | 77.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Oak Grove, KY
As of 2024, the percent of homes in Oak Grove, KY under the Section 8 program is 5.0%. 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. In Oak Grove, 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 | 95 |
Total Units Section 8 | 95 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $225 | $725 | $950 |
| 2 Bedroom | $205 | $995 | $1,200 |
| 3 Bedroom | $380 | $1,300 | $1,680 |
| 4 Bedroom | $720 | $1,300 | $2,020 |
Affordability — Oak Grove, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $210,000 |
| Median Household Income | $49,900 |