Lily, KY—40740
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lily, KY
As of Nov '25, the median home price in Lily, KY is $165,000, with a year-over-year change of 6.5%. This indicates that home prices in Lily, 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 | $165,000 | 6.5% |
| Single Family | $165,000 | 5.8% |
| 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 | $191,000 | 5.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lily, KY
Lily, 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 — Lily, KY
As of Nov '25, Realtor.com reports that the median days on market for a home in Lily, KY is 54. This is a decrease of -60.0% 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 | $170,000 | -16.0% |
Listing Count | 6 | -12.0% |
| Listings as % of Homes | 0.5% | -12.0% |
Days on Market | 54 | -60.0% |
Demographics — Lily, KY
As of the latest ACS Survey released in 2023, Lily, KY has a population of 3,950, which has increased by 22.8% over the past 5 years. Lily, KY is a popular place for families, as children make up 26.8% of the population. The area has a poorly educated workforce, with 10.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,950 | 22.8% |
% Under 18 | 26.8% | -10.1% |
% Seniors | 11.5% | 43.8% |
% WFH | 4.5% | 462.5% |
% w/ College Degree | 10.4% | 15.6% |
As of the latest ACS Survey released in 2023, Lily, KY is a predominantly white area, with 93.8% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Lily, KY is hispanic, making up 0.5% of the population. Foreign-born residents account for 1.5% of the population in Lily, KY, and this percentage has decreased by 21.1% 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 | 93.8% | -3.9% |
% Black | 0.0% | N/A |
% Hispanic | 0.5% | -79.2% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.5% | -21.1% |
Mortgage and Risk — Lily, KY
Lily, KY lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Lily, KY
Lily, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 3 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
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 | $1,090 |
| 4 Bedroom | N/A | N/A | $1,180 |
Affordability — Lily, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $165,000 |
| Median Household Income | $60,800 |