The story of this market
The typical home in Wayne County, Kentucky sells for about $122,000, or $98 per square foot.
Prices are down 34.3% from a year ago, which gives buyers more room to negotiate. Homes take about 102 days to sell, which is slow. Over the long run, values in this county have grown 72% since 2003. The biggest natural hazard here is cold wave, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $909 a month.
HUD sets the fair market rent for a 2-bedroom at $909 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Low.
Price climate
Every year of price change, 2003–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2008 (+16.2%). Worst: 2014 (-10.2%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.3%
KY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,259
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2003–2025
0%
2025 change
FHFA repeat-sales index, median of 2 census tracts in this county (2003 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
49
Relatively Low
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $11,731,055.
Mortgage activity
Home lending in this county
69.2%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 482 | 249 | 69.2% | 22.2% | $115,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Wayne County, Kentucky
The Wayne County housing market is experiencing a significant correction with median prices falling 34.3% year-over-year. Low sales volume and increased time on market suggest a cooling trend driven by broader economic shifts. Inventory remains tight, but demand has softened considerably compared to the previous year.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 1 city · 1 ZIP report
Median prices moved sideways 0.0% year over year.
Homes spend a median of 69 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 22.0% — a mixed stability profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Wayne County, Kentucky — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 12.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 17
| 42633 | Monticello | $130,000 | $105 | 0% | 69 | — | — | — | 218 | $726 | researched Sep 17 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The county is served by the Wayne County School District, which provides public education for the area.
The county is situated along Lake Cumberland, which is managed by the U.S. Army Corps of Engineers for flood control and recreation.
Economic activity is anchored by the county seat of Monticello, with development efforts focused on leveraging the recreational assets of Lake Cumberland.
Property taxes are assessed by the Wayne County Property Valuation Administrator; rates are determined by local taxing districts including the county, city, and school district.
The county is defined by its proximity to Lake Cumberland, offering extensive opportunities for boating, fishing, and water-based recreation.
The rental market is primarily composed of single-family homes, with limited multi-family inventory available.
The local economy is largely driven by manufacturing, agriculture, and tourism related to Lake Cumberland.
The county is served by state highway corridors connecting Monticello to surrounding regional hubs.
The Wayne County Property Valuation Administrator is responsible for the annual assessment of real property at fair cash value.
Parcels are subject to levies from the county, school district, and various special taxing districts for fire and emergency services.
Property insurance premiums are influenced by regional weather patterns and proximity to water bodies.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A major reservoir offering extensive boating, fishing, and camping facilities that serve as the primary recreational anchor for the county.
Data retrieved from data.census.gov county-level profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Kentucky is a judicial foreclosure state, requiring a court action to enforce a mortgage or lien. The process involves a court-ordered sale, typically conducted by the master commissioner.
KRS Chapter 426
Property is assessed at its fair cash value (price at a fair voluntary sale). The tax is calculated by applying local and state tax rates to the assessed value. A homestead exemption is available for owners aged 65 or older or those who are totally disabled, which exempts a portion of the assessed value from taxation (the specific exemption amount is adjusted biennially based on the cost of living index).
Kentucky Constitution Section 170, 172; KRS 132.190
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.