Market Overview
Home Prices in Erlanger, KY
The median home value in Erlanger, KY is $252,728 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Erlanger are priced38% below average. Erlanger is part of the Cincinnati, OH-KY-IN metro area.
Over the past five years, Erlanger home values have risen by approximately26.0%, reflecting strong long-term appreciation in this market.
Price History
Erlanger Home Price Trend
City Comparison
Erlanger vs. National Median
At $252,728, homes in Erlanger cost 38% below the national median of $410,000. This makes Erlanger a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Erlanger?
20% Down Payment
$50,546
on $252,728
Monthly P&I
$1,318/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,674/mo
incl. taxes & insurance
Income Needed
$66,960
gross annual (30% rule)
10% Down Option
$25,273
+ PMI applies
Loan Amount (20% dn)
$202,182
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 Erlanger, KY?
The median home value in Erlanger is $252,728 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Erlanger?
Over the past year, home values in Erlanger have increased by 0.1%. Over five years, prices have risen approximately 26.0%.
How much do I need to earn to buy a home in Erlanger?
To comfortably afford the median home price of $252,728 with a 20% down payment ($50,546) at today's rates (6.8%), you'd need a gross annual income of approximately $66,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Erlanger compare to the national average home price?
The national median home value is approximately $410,000. At $252,728, homes in Erlanger are 38% below the national average.
What metro area is Erlanger part of?
Erlanger is part of the Cincinnati, OH-KY-IN metropolitan area. Home prices and market conditions can vary across the broader metro region.