Island, KY—42350
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Island, KY
As of Oct '25, the median home price in Island, KY is $132,000, with a year-over-year change of 0.2%. This indicates that home prices in Island, KY are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $132,000 | 0.2% |
| Single Family | $132,000 | -2.9% |
| 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 | $167,000 | 0.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Island, KY
Island, 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 — Island, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Island, KY is 45. This is a increase of 70.0% 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 80.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $166,000 | 51.0% |
Listing Count | 5 | ∞% |
| Listings as % of Homes | 0.5% | ∞% |
Days on Market | 45 | 70.0% |
Demographics — Island, KY
As of the latest ACS Survey released in 2023, Island, KY has a population of 1,180, which has decreased by -25.5% over the past 5 years. Island, KY is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 16.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,180 | -25.5% |
% Under 18 | 17.7% | -37.7% |
% Seniors | 28.5% | 69.6% |
% WFH | 6.2% | 1,966.7% |
% w/ College Degree | 16.1% | 33.1% |
As of the latest ACS Survey released in 2023, Island, KY is a predominantly white area, with 96.9% of the population identifying as white. The white population has grown by 5.8% in the last 5 years. The second most common race or ethnicity in Island, KY is hispanic, making up 1.1% of the population. Foreign-born residents account for 0.9% of the population in Island, KY, and this percentage has decreased by 66.7% 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 | 96.9% | 5.8% |
% Black | 0.3% | ∞% |
% Hispanic | 1.1% | -79.6% |
% Asian | 0.1% | -87.5% |
% Foreign Born | 0.9% | -66.7% |
Mortgage and Risk — Island, KY
According to HUD data as of 2023, there were 45 mortgage originations in Island, KY, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Island, KY. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Island, KY
Island, 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 | $790 |
| 2 Bedroom | N/A | N/A | $1,030 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Island, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.7 |
| Median Home Price | $132,000 |
| Median Household Income | $77,100 |