Market Overview
Home Prices in Central City, KY
The median home value in Central City, KY is $119,620 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 14.2% compared to a year ago and up 13.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Central City are priced71% below average. Central City is part of the Central City, KY metro area.
Over the past five years, Central City home values have risen by approximately9.9%, reflecting steady appreciation in this market.
Price History
Central City Home Price Trend
City Comparison
Central City vs. National Median
At $119,620, homes in Central City cost 71% below the national median of $410,000. This makes Central City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Central City?
20% Down Payment
$23,924
on $119,620
Monthly P&I
$624/mo
30-yr @ 6.8%
Total Monthly Est.
~$792/mo
incl. taxes & insurance
Income Needed
$31,680
gross annual (30% rule)
10% Down Option
$11,962
+ PMI applies
Loan Amount (20% dn)
$95,696
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 Central City, KY?
The median home value in Central City is $119,620 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 14.2% year-over-year.
How much have home prices changed in Central City?
Over the past year, home values in Central City have decreased by 14.2%. Over five years, prices have risen approximately 9.9%.
How much do I need to earn to buy a home in Central City?
To comfortably afford the median home price of $119,620 with a 20% down payment ($23,924) at today's rates (6.8%), you'd need a gross annual income of approximately $31,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Central City compare to the national average home price?
The national median home value is approximately $410,000. At $119,620, homes in Central City are 71% below the national average.
What metro area is Central City part of?
Central City is part of the Central City, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.