Market Overview
Home Prices in Alpha, KY
The median home value in Alpha, KY is $164,159 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3% compared to a year ago and up 9.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Alpha are priced60% below average.
Over the past five years, Alpha home values have risen by approximately32.0%, reflecting strong long-term appreciation in this market.
Price History
Alpha Home Price Trend
2020
$101,441
$101K
—
2021
$124,387
$124K
+22.6%
2022
$142,914
$143K
+14.9%
2023
$145,964
$146K
+2.1%
2024
$153,980
$154K
+5.5%
2025
$169,267
$169K
+9.9%
2026
$164,159
$164K
-3.0%
City Comparison
Alpha vs. National Median
🏠 Alpha
$164,159
National Median
$410,000
At $164,159, homes in Alpha cost 60% below the national median of $410,000. This makes Alpha a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Alpha?
20% Down Payment
$32,832
on $164,159
Monthly P&I
$856/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,087/mo
incl. taxes & insurance
Income Needed
$43,480
gross annual (30% rule)
10% Down Option
$16,416
+ PMI applies
Loan Amount (20% dn)
$131,327
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Alpha, KY?
The median home value in Alpha is $164,159 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3% year-over-year.
How much have home prices changed in Alpha?
Over the past year, home values in Alpha have decreased by 3%. Over five years, prices have risen approximately 32.0%.
How much do I need to earn to buy a home in Alpha?
To comfortably afford the median home price of $164,159 with a 20% down payment ($32,832) at today's rates (6.8%), you'd need a gross annual income of approximately $43,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Alpha compare to the national average home price?
The national median home value is approximately $410,000. At $164,159, homes in Alpha are 60% below the national average.