Madisonville, KY—42431
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Madisonville, KY
As of Oct '25, the median home price in Madisonville, KY is $155,000, with a year-over-year change of 4.5%. This indicates that home prices in Madisonville, KY are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $155,000 | 4.5% |
| Single Family | $155,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $115,000 | 2.7% |
3 Bed | $195,000 | 3.7% |
4 Bed | $283,000 | 2.2% |
| 5 Bed | $363,000 | 2.3% |
% of Housing Stock
Rental Trends — Madisonville, KY
As of July '25, Rentcast reports the average rent in Madisonville, KY is $887, with a year-over-year rent change of 4.4%. Per bedroom, the median rent as of July '25 in Madisonville, KY is 1-bedrooms: $675, 3-bedrooms: $1,100, 4-bedrooms: $1,950. The most common rental property sizes in Madisonville, KY are 2-bedroom and 3-bedroom, accounting for 41.7% and 35.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $675 | $887 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $675 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,050 | $1,100 |
| 4 Bed Rent | $1,950 | $1,950 |
% of Rental Stock
Property Listings — Madisonville, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Madisonville, KY is 66. This is a increase of 11.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | 4.0% |
Listing Count | 144 | 16.0% |
| Listings as % of Homes | 0.6% | 16.0% |
Days on Market | 66 | 11.0% |
Demographics — Madisonville, KY
As of the latest ACS Survey released in 2023, Madisonville, KY has a population of 27,100, which has increased by 4.0% over the past 5 years. Madisonville, KY is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 19.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,100 | 4.0% |
% Under 18 | 24.3% | 1.7% |
% Seniors | 18.8% | 11.2% |
% WFH | 4.4% | 340.0% |
% w/ College Degree | 19.6% | 4.3% |
As of the latest ACS Survey released in 2023, Madisonville, KY is a predominantly white area, with 83.1% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Madisonville, KY is black, making up 8.6% of the population. Foreign-born residents account for 2.3% of the population in Madisonville, KY, and this percentage has increased by 27.8% 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 | 83.1% | -0.8% |
% Black | 8.6% | -8.5% |
% Hispanic | 3.0% | 3.4% |
% Asian | 0.6% | -33.3% |
% Foreign Born | 2.3% | 27.8% |
Mortgage and Risk — Madisonville, KY
According to HUD data as of 2023, there were 501 mortgage originations in Madisonville, KY, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Madisonville, KY. Investor activity is low, as 7.0% 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 | 501 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Madisonville, KY
Madisonville, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 617 |
Total Units Section 8 | 431 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 72.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $45 | $675 | $720 |
| 2 Bedroom | N/A | N/A | $940 |
| 3 Bedroom | $150 | $1,050 | $1,200 |
| 4 Bedroom | -$610 | $1,950 | $1,340 |
Affordability — Madisonville, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $155,000 |
| Median Household Income | $57,500 |