Owensboro, KY—42301
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Owensboro, KY
Home Price Trends — Owensboro, KY
As of Oct '25, the median home price in Owensboro, KY is $200,000, with a year-over-year change of 3.2%. This indicates that home prices in Owensboro, KY are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $200,000 | 3.2% |
| Single Family | $200,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $62,000 | 0.0% |
2 Bed | $126,000 | 4.1% |
3 Bed | $199,000 | 2.6% |
4 Bed | $287,000 | 4.4% |
| 5 Bed | $358,000 | 4.7% |
% of Housing Stock
Rental Trends — Owensboro, KY
As of July '25, Rentcast reports the average rent in Owensboro, KY is $1,170, with a year-over-year rent change of 6.4%. Per bedroom, the median rent as of July '25 in Owensboro, KY is 1-bedrooms: $547, 2-bedrooms: $987, 3-bedrooms: $1,460. The most common rental property sizes in Owensboro, KY are 2-bedroom and 1-bedroom, accounting for 41.5% and 26.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $550 | $547 |
| 2 Bed Rent | $925 | $987 |
| 3 Bed Rent | $1,500 | $1,460 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Owensboro, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Owensboro, KY is 34. This is a decrease of -12.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | 6.0% |
Listing Count | 133 | -9.0% |
| Listings as % of Homes | 0.6% | -9.0% |
Days on Market | 34 | -12.0% |
Demographics — Owensboro, KY
As of the latest ACS Survey released in 2023, Owensboro, KY has a population of 45,400, which has increased by 4.9% over the past 5 years. Owensboro, KY is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 25.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,400 | 4.9% |
% Under 18 | 25.1% | 0.8% |
% Seniors | 16.3% | -3.6% |
% WFH | 5.9% | 353.8% |
% w/ College Degree | 25.7% | 12.2% |
As of the latest ACS Survey released in 2023, Owensboro, KY is a predominantly white area, with 82.0% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Owensboro, KY is black, making up 6.7% of the population. Foreign-born residents account for 4.9% of the population in Owensboro, KY, and this percentage has increased by 122.7% 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 | 82.0% | -6.0% |
% Black | 6.7% | 15.5% |
% Hispanic | 4.5% | 95.7% |
% Asian | 2.8% | 154.5% |
% Foreign Born | 4.9% | 122.7% |
Mortgage and Risk — Owensboro, KY
According to HUD data as of 2023, there were 783 mortgage originations in Owensboro, KY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Owensboro, KY. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 783 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Owensboro, KY
Owensboro, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,220 |
Total Units Section 8 | 1,218 |
% Rentals under Section 8 | 17.4% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $550 | $880 |
| 2 Bedroom | $235 | $925 | $1,160 |
| 3 Bedroom | $40 | $1,500 | $1,540 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Owensboro, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $200,000 |
| Median Household Income | $62,000 |