Mays Lick, KY—41055
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mays Lick, KY
As of Nov '25, the median home price in Mays Lick, KY is $251,000, with a year-over-year change of 8.2%. This indicates that home prices in Mays Lick, KY are increasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $251,000 | 8.2% |
| Single Family | $250,000 | 8.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $135,000 | 4.7% |
3 Bed | $236,000 | 6.8% |
4 Bed | $364,000 | 6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Mays Lick, KY
Mays Lick, 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 — Mays Lick, KY
As of Nov '25, Realtor.com reports that the median days on market for a home in Mays Lick, KY is 233. This is a increase of 201.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $58,000 | -91.0% |
Listing Count | 2 | 20.0% |
| Listings as % of Homes | 0.3% | 20.0% |
Days on Market | 233 | 201.0% |
Demographics — Mays Lick, KY
As of the latest ACS Survey released in 2023, Mays Lick, KY has a population of 1,610, which has decreased by -21.8% over the past 5 years. Mays Lick, KY is a moderately popular place for families, as children make up 22.3% of the population. The area has a poorly educated workforce, with 23.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,610 | -21.8% |
% Under 18 | 22.3% | 1.8% |
% Seniors | 19.4% | 40.6% |
% WFH | 5.8% | 41.5% |
% w/ College Degree | 23.7% | 17.3% |
As of the latest ACS Survey released in 2023, Mays Lick, KY is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 0.2% in the last 5 years. The second most common race or ethnicity in Mays Lick, KY is hispanic, making up 2.9% of the population. Foreign-born residents account for 2.2% of the population in Mays Lick, KY, and this percentage has increased by 266.7% 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 | 95.6% | -0.2% |
% Black | 0.7% | -80.0% |
% Hispanic | 2.9% | ∞% |
% Asian | 0.0% | N/A |
% Foreign Born | 2.2% | 266.7% |
Mortgage and Risk — Mays Lick, KY
According to HUD data as of 2023, there were 26 mortgage originations in Mays Lick, KY, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Mays Lick, KY. Investor activity is low, as 0.0% 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 | 26 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Mays Lick, KY
Mays Lick, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% 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 | $750 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,230 |
Affordability — Mays Lick, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $251,000 |
| Median Household Income | $60,600 |