Drakesboro, KY—42337
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Drakesboro, KY
Drakesboro, KY lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $99,000 | 11.7% |
| Single Family | $99,000 | 11.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Drakesboro, KY
Drakesboro, 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 — Drakesboro, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Drakesboro, KY is 58. This is a increase of 80.0% 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 | $200,000 | -75.0% |
Listing Count | 4 | 0.0% |
| Listings as % of Homes | 0.4% | 0.0% |
Days on Market | 58 | 80.0% |
Demographics — Drakesboro, KY
As of the latest ACS Survey released in 2023, Drakesboro, KY has a population of 1,610, which has decreased by -32.8% over the past 5 years. Drakesboro, KY is a moderately popular place for families, as children make up 19.5% of the population. The area has a poorly educated workforce, with 1.3% 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 | 1,610 | -32.8% |
% Under 18 | 19.5% | 6.6% |
% Seniors | 19.1% | 52.8% |
% WFH | 0.9% | -30.8% |
% w/ College Degree | 1.3% | -76.8% |
As of the latest ACS Survey released in 2023, Drakesboro, KY is a predominantly white area, with 91.0% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Drakesboro, KY is hispanic, making up 4.9% of the population. Foreign-born residents account for 0.3% of the population in Drakesboro, KY, and this percentage has decreased by 70.0% 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 | 91.0% | 1.7% |
% Black | 2.9% | -60.3% |
% Hispanic | 4.9% | 4,800.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -70.0% |
Mortgage and Risk — Drakesboro, KY
According to HUD data as of 2023, there were 39 mortgage originations in Drakesboro, KY, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Drakesboro, KY. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Drakesboro, KY
Drakesboro, 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 | $940 |
| 2 Bedroom | N/A | N/A | $1,230 |
| 3 Bedroom | N/A | N/A | $1,480 |
| 4 Bedroom | N/A | N/A | $1,840 |
Affordability — Drakesboro, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $99,000 |
| Median Household Income | $33,900 |