Providence, KY—42450
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Providence, KY
Providence, KY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $98,000 | -1.4% |
| Single Family | $98,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $111,000 | 1.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Providence, KY
Providence, KY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Providence, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Providence, KY is 39. This is a decrease of -17.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $93,800 | -18.0% |
Listing Count | 10 | -27.0% |
| Listings as % of Homes | 0.1% | -27.0% |
Days on Market | 39 | -17.0% |
Demographics — Providence, KY
As of the latest ACS Survey released in 2023, Providence, KY has a population of 3,590, which has decreased by -9.1% over the past 5 years. Providence, KY is a moderately popular place for families, as children make up 15.1% of the population. The area has a poorly educated workforce, with 14.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,590 | -9.1% |
% Under 18 | 15.1% | -37.3% |
% Seniors | 22.5% | 25.0% |
% WFH | 2.8% | 47.4% |
% w/ College Degree | 14.3% | 37.5% |
As of the latest ACS Survey released in 2023, Providence, KY is a predominantly white area, with 85.1% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Providence, KY is black, making up 12.5% of the population. Foreign-born residents account for 0.0% of the population in Providence, KY, and this percentage has decreased by 100.0% 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 | 85.1% | 1.4% |
% Black | 12.5% | 21.4% |
% Hispanic | 0.4% | 100.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — Providence, KY
According to HUD data as of 2023, there were 46 mortgage originations in Providence, KY, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Providence, KY. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 46 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Providence, KY
Providence, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 110 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $660 |
| 2 Bedroom | N/A | N/A | $870 |
| 3 Bedroom | N/A | N/A | $1,060 |
| 4 Bedroom | N/A | N/A | $1,200 |
Affordability — Providence, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $98,000 |
| Median Household Income | $53,500 |