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Central City, KY—42330

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$123,000
10.6% YoY Growth
Household Income
$47,900
9.8% YoY Growth
Days on Market
52
4.0% Longer YoY
Home Price Forecast
N/A
Median Rent
$350
29.2% YoY Growth
1-Bed Rent
$350
29.0% YoY Growth
2-Bed Rent
$475
24.8% YoY Growth
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Central City, KY

Central City, KY lacks sufficient home price data for analysis.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$123,000-10.6%
Single Family $123,000-12.8%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
N/AN/A
  • Affordability
  • Rentals and Section 8
    • 2 Bed
    N/A
    N/A
    3 Bed
    		$191,0002.7%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    8.2%
    2 Bedrooms
    17.1%
    3 Bedrooms
    55.6%
    4 Bedrooms
    14.9%
    5+ Bedrooms
    4.2%

    Rental Trends — Central City, KY

    As of July '25, Rentcast reports the average rent in Central City, KY is $412, with a year-over-year rent change of -29.2%. Per bedroom, the median rent as of July '25 in Central City, KY is 1-bedrooms: $350, 2-bedrooms: $475. The most common rental property sizes in Central City, KY are 1-bedroom and 2-bedroom, accounting for 33.0% and 29.6% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$350$412
    Studio Rent N/AN/A
    1 Bed Rent $350$350
    2 Bed Rent $475$475
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    33.0%
    2 Bedrooms
    29.6%
    3 Bedrooms
    25.5%
    4 Bedrooms
    10.4%
    5+ Bedrooms
    1.6%

    Property Listings — Central City, KY

    As of May '26, Realtor.com reports that the median days on market for a home in Central City, KY is 52. This is a increase of 4.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$182,000-2.0%
    Listing Count
    		31-3.0%
    Listings as % of Homes0.4%-3.0%
    Days on Market
    		524.0%
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    Demographics — Central City, KY

    As of the latest ACS Survey released in 2023, Central City, KY has a population of 9,350, which has increased by 4.4% over the past 5 years. Central City, KY is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 8.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		9,3504.4%
    % Under 18
    		21.3%3.9%
    % Seniors
    		19.8%14.5%
    % WFH
    		0.9%28.6%
    % w/ College Degree
    		8.1%-17.3%
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    As of the latest ACS Survey released in 2023, Central City, KY is a predominantly white area, with 91.1% 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 Central City, KY is black, making up 2.6% of the population. Foreign-born residents account for 2.1% of the population in Central City, KY, and this percentage has decreased by 40.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		91.1%5.9%
    % Black
    		2.6%-72.3%
    % Hispanic
    		2.2%-51.1%
    % Asian
    		0.3%0.0%
    % Foreign Born
    		2.1%-40.0%
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    Mortgage and Risk — Central City, KY

    According to HUD data as of 2023, there were 94 mortgage originations in Central City, KY, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Central City, KY. Investor activity is low, as 7.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		94
    % Conventional Loans
    		77.0%
    % Government Loans
    		23.0%
    % Investor Loans
    		7.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Central City, KY

    Central City, KY lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		89
    Total Units Section 8
    		19
    % Rentals under Section 8
    		2.8%
    % Occupied Section 8
    		66.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$400$350$750
    2 Bedroom$515$475$990
    3 BedroomN/AN/A$1,300
    4 BedroomN/AN/A$1,310

    Affordability — Central City, KY

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.4
    Median Home Price$123,000
    Median Household Income$47,900

    Central City, KY — ZIP Code Boundary Map

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    Nearby ZIP Codes

    South Carrollton

    42374

    Hillside, KY

    42367

    Paradise, KY

    42326

    Island, KY

    42350

    Bremen, KY

    42325

    Frequently Asked Questions