Market Overview
Home Prices in Booneville, KY
The median home value in Booneville, KY is $115,004 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.3% compared to a year ago and up 13.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Booneville are priced72% below average.
Over the past five years, Booneville home values have risen by approximately21.5%, reflecting strong long-term appreciation in this market.
Price History
Booneville Home Price Trend
2020
$74,673
$75K
—
2021
$94,645
$95K
+26.7%
2022
$107,160
$107K
+13.2%
2023
$104,481
$104K
-2.5%
2024
$107,307
$107K
+2.7%
2025
$121,434
$121K
+13.2%
2026
$115,004
$115K
-5.3%
City Comparison
Booneville vs. National Median
🏠 Booneville
$115,004
National Median
$410,000
At $115,004, homes in Booneville cost 72% below the national median of $410,000. This makes Booneville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Booneville?
20% Down Payment
$23,001
on $115,004
Monthly P&I
$600/mo
30-yr @ 6.8%
Total Monthly Est.
~$762/mo
incl. taxes & insurance
Income Needed
$30,480
gross annual (30% rule)
10% Down Option
$11,500
+ PMI applies
Loan Amount (20% dn)
$92,003
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 Booneville, KY?
The median home value in Booneville is $115,004 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.3% year-over-year.
How much have home prices changed in Booneville?
Over the past year, home values in Booneville have decreased by 5.3%. Over five years, prices have risen approximately 21.5%.
How much do I need to earn to buy a home in Booneville?
To comfortably afford the median home price of $115,004 with a 20% down payment ($23,001) at today's rates (6.8%), you'd need a gross annual income of approximately $30,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Booneville compare to the national average home price?
The national median home value is approximately $410,000. At $115,004, homes in Booneville are 72% below the national average.