Owsley County, KY housing market

What this means

• Valuation. Prices are 96% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are down 4.7% over the past year (U.S.: +1.2%).
• Supply. There are 86% more homes for sale than the 2017-19 norm and rising (+44% vs. a year ago), so buyers have more to choose from than before the pandemic.
• Negotiating. Buyer leverage is high (100/100; U.S.: 54): homes typically sell at or above asking (100.0% of list) (as of Jun 2026); 31% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 46% of the median household income (U.S.: 35%); it takes about $34k a year to keep the payment at 30% of gross pay. That includes about $1,269 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $299 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding. Flood isn't covered by standard homeowners insurance.
• Outlook. No clear direction: likely −9% to +7% over the next 12 months (54% chance of a rise).

Next 12 months

No clear direction

A rise is somewhat more likely than a fall, but not by enough to call. Likely change: −9.0% to +7.4% (80% range; middle estimate +0.5%), chance of a rise 54%, of a 5%+ drop 20%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Owsley County, KY