Market Overview
Home Prices in Banner, KY
The median home value in Banner, KY is $88,947 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 21.4% compared to a year ago and down 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Banner are priced78% below average.
Over the past five years, Banner home values have fallen by approximately15.4%, reflecting softening conditions in this market.
Price History
Banner Home Price Trend
2020
$91,740
$92K
—
2021
$105,164
$105K
+14.6%
2022
$112,387
$112K
+6.9%
2023
$120,032
$120K
+6.8%
2024
$114,811
$115K
-4.3%
2025
$113,214
$113K
-1.4%
2026
$88,947
$89K
-21.4%
City Comparison
Banner vs. National Median
🏠 Banner
$88,947
National Median
$410,000
At $88,947, homes in Banner cost 78% below the national median of $410,000. This makes Banner a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Banner?
20% Down Payment
$17,789
on $88,947
Monthly P&I
$464/mo
30-yr @ 6.8%
Total Monthly Est.
~$589/mo
incl. taxes & insurance
Income Needed
$23,560
gross annual (30% rule)
10% Down Option
$8,895
+ PMI applies
Loan Amount (20% dn)
$71,158
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 Banner, KY?
The median home value in Banner is $88,947 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 21.4% year-over-year.
How much have home prices changed in Banner?
Over the past year, home values in Banner have decreased by 21.4%. Over five years, prices have fallen approximately 15.4%.
How much do I need to earn to buy a home in Banner?
To comfortably afford the median home price of $88,947 with a 20% down payment ($17,789) at today's rates (6.8%), you'd need a gross annual income of approximately $23,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Banner compare to the national average home price?
The national median home value is approximately $410,000. At $88,947, homes in Banner are 78% below the national average.