Owensboro, KY—42303
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 $209,000, with a year-over-year change of 3.8%. This indicates that home prices in Owensboro, KY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $209,000 | 3.8% |
| Single Family | $210,000 | 3.4% |
| Condos | $186,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $72,000 | 1.4% |
2 Bed | $131,000 | 4.0% |
3 Bed | $209,000 | 4.0% |
4 Bed | $351,000 | 5.1% |
| 5 Bed | $489,000 | 4.5% |
% of Housing Stock
Rental Trends — Owensboro, KY
As of July '25, Rentcast reports the average rent in Owensboro, KY is $926, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Owensboro, KY is 1-bedrooms: $699, 2-bedrooms: $829, 3-bedrooms: $1,310, 4-bedrooms: $1,410. The most common rental property sizes in Owensboro, KY are 2-bedroom and 3-bedroom, accounting for 44.9% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $775 | $926 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $720 | $699 |
| 2 Bed Rent | $810 | $829 |
| 3 Bed Rent | $825 | $1,310 |
| 4 Bed Rent | $925 | $1,410 |
% 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 45. This is a decrease of -7.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | 10.0% |
Listing Count | 122 | -11.0% |
| Listings as % of Homes | 0.7% | -11.0% |
Days on Market | 45 | -7.0% |
Demographics — Owensboro, KY
As of the latest ACS Survey released in 2023, Owensboro, KY has a population of 42,000, which has increased by 1.6% over the past 5 years. Owensboro, KY is a moderately popular place for families, as children make up 23.6% 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 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,000 | 1.6% |
% Under 18 | 23.6% | -3.7% |
% Seniors | 18.8% | 16.0% |
% WFH | 4.6% | 100.0% |
% w/ College Degree | 25.7% | 7.5% |
As of the latest ACS Survey released in 2023, Owensboro, KY is a predominantly white area, with 85.4% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Owensboro, KY is hispanic, making up 4.7% of the population. Foreign-born residents account for 3.5% of the population in Owensboro, KY, and this percentage has decreased by 23.9% 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 | 85.4% | -1.4% |
% Black | 3.4% | -12.8% |
% Hispanic | 4.7% | 6.8% |
% Asian | 2.2% | -4.3% |
% Foreign Born | 3.5% | -23.9% |
Mortgage and Risk — Owensboro, KY
According to HUD data as of 2023, there were 768 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. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 768 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Owensboro, KY
As of 2024, the percent of homes in Owensboro, KY under the Section 8 program is 12.3%. 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 Owensboro, 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 | 895 |
Total Units Section 8 | 845 |
% Rentals under Section 8 | 12.3% |
% Occupied Section 8 | 86.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $720 | $880 |
| 2 Bedroom | $340 | $810 | $1,150 |
| 3 Bedroom | $695 | $825 | $1,520 |
| 4 Bedroom | $595 | $925 | $1,520 |
Affordability — Owensboro, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $209,000 |
| Median Household Income | $63,000 |