Central City, KY—42330
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Central City, KY
Central City, KY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $128,000 | 11.1% |
| Single Family | $128,000 | 9.4% |
| 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 | $185,000 | 2.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Central City, KY
As of July '25, Rentcast reports the average rent in Central City, KY is $412, with a year-over-year rent change of -29.2%. Per bedroom, the median rent as of July '25 in Central City, KY is 1-bedrooms: $350, 2-bedrooms: $475. The most common rental property sizes in Central City, KY are 1-bedroom and 2-bedroom, accounting for 33.0% and 29.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $350 | $412 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $350 | $350 |
| 2 Bed Rent | $475 | $475 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Central City, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Central City, KY is 28. This is a increase of 23.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $155,000 | 2.0% |
Listing Count | 21 | -10.0% |
| Listings as % of Homes | 0.4% | -10.0% |
Days on Market | 28 | 23.0% |
Demographics — Central City, KY
As of the latest ACS Survey released in 2023, Central City, KY has a population of 9,350, which has increased by 4.4% over the past 5 years. Central City, KY is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 8.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 0.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,350 | 4.4% |
% Under 18 | 21.3% | 3.9% |
% Seniors | 19.8% | 14.5% |
% WFH | 0.9% | 28.6% |
% w/ College Degree | 8.1% | -17.3% |
As of the latest ACS Survey released in 2023, Central City, KY is a predominantly white area, with 91.1% of the population identifying as white. The white population has grown by 5.9% in the last 5 years. The second most common race or ethnicity in Central City, KY is black, making up 2.6% of the population. Foreign-born residents account for 2.1% of the population in Central City, KY, and this percentage has decreased by 40.0% 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 | 91.1% | 5.9% |
% Black | 2.6% | -72.3% |
% Hispanic | 2.2% | -51.1% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 2.1% | -40.0% |
Mortgage and Risk — Central City, KY
According to HUD data as of 2023, there were 94 mortgage originations in Central City, KY, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Central City, KY. Investor activity is low, as 7.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 94 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Central City, KY
Central City, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 89 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 2.8% |
% Occupied Section 8 | 66.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $400 | $350 | $750 |
| 2 Bedroom | $515 | $475 | $990 |
| 3 Bedroom | N/A | N/A | $1,300 |
| 4 Bedroom | N/A | N/A | $1,310 |
Affordability — Central City, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $128,000 |
| Median Household Income | $47,900 |