Raceland, KY—41169
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Raceland, KY
As of Oct '25, the median home price in Raceland, KY is $172,000, with a year-over-year change of 5.2%. This indicates that home prices in Raceland, KY are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $172,000 | 5.2% |
| Single Family | $173,000 | 4.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $98,000 | -2.0% |
3 Bed | $175,000 | 3.6% |
4 Bed | $245,000 | 6.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Raceland, KY
As of July '25, Rentcast reports the average rent in Raceland, KY is $969, with a year-over-year rent change of 0.1%. Per bedroom, the median rent as of July '25 in Raceland, KY is 2-bedrooms: $1,010, 3-bedrooms: $800. The most common rental property sizes in Raceland, KY are 2-bedroom and 3-bedroom, accounting for 62.7% and 20.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $969 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,010 |
| 3 Bed Rent | $800 | $800 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Raceland, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Raceland, KY is 83. This is a increase of 75.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $279,000 | 19.0% |
Listing Count | 23 | 37.0% |
| Listings as % of Homes | 0.7% | 37.0% |
Days on Market | 83 | 75.0% |
Demographics — Raceland, KY
As of the latest ACS Survey released in 2023, Raceland, KY has a population of 5,530, which has increased by 4.1% over the past 5 years. Raceland, KY is a moderately popular place for families, as children make up 25.0% of the population. The area has a moderately educated workforce, with 30.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,530 | 4.1% |
% Under 18 | 25.0% | 24.4% |
% Seniors | 19.8% | -8.8% |
% WFH | 4.9% | 157.9% |
% w/ College Degree | 30.9% | 14.9% |
As of the latest ACS Survey released in 2023, Raceland, KY is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Raceland, KY is black, making up 0.5% of the population. Foreign-born residents account for 0.3% of the population in Raceland, KY, and this percentage has decreased by 25.0% 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 | 94.3% | -3.6% |
% Black | 0.5% | 150.0% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.1% | -50.0% |
% Foreign Born | 0.3% | -25.0% |
Mortgage and Risk — Raceland, KY
According to HUD data as of 2023, there were 167 mortgage originations in Raceland, KY, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Raceland, KY. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 167 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Raceland, KY
Raceland, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 90 |
Total Units Section 8 | 90 |
% Rentals under Section 8 | 16.1% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $790 |
| 2 Bedroom | -$100 | $1,000 | $900 |
| 3 Bedroom | $370 | $800 | $1,170 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Raceland, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $172,000 |
| Median Household Income | $66,100 |