Payneville, KY 40171 housing market

What this means

• Valuation. Prices are 17% below this area's pre-2020 price-to-income norm, cheaper relative to incomes than before the pandemic.
• Prices. Home values are up 0.9% over the past year (U.S.: +1.2%).
• Supply. Listings are 100% below the 2017-19 norm and rising (+100% vs. a year ago): still a tight market.
• Negotiating. Buyer leverage is low (10/100; U.S.: 54): homes sell for about 2.7% below their final list price; 0% of listings had a price cut (U.S.: 26%) (as of May 2026).
• Affordability. A mortgage on the typical home takes 35% of the median household income (U.S.: 35%); it takes about $53k a year to keep the payment at 30% of gross pay. That includes about $1,583 a year for home insurance (U.S.: $1,790).
• Disaster risk. FEMA expects about $143 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. Leaning up: likely −6% to +10% over the next 12 months (69% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −6.3% to +10.0% (80% range; middle estimate +2.9%), chance of a rise 69%, of a 5%+ drop 13%.

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.

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