Market Overview
Home Prices in Ermine, KY
The median home value in Ermine, KY is $79,507 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 13% compared to a year ago and down 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ermine are priced81% below average.
Over the past five years, Ermine home values have fallen by approximately19.4%, reflecting softening conditions in this market.
Price History
Ermine Home Price Trend
2020
$80,702
$81K
—
2021
$98,622
$99K
+22.2%
2022
$106,345
$106K
+7.8%
2023
$106,179
$106K
-0.2%
2024
$95,235
$95K
-10.3%
2025
$91,414
$91K
-4.0%
2026
$79,507
$80K
-13.0%
City Comparison
Ermine vs. National Median
🏠 Ermine
$79,507
National Median
$410,000
At $79,507, homes in Ermine cost 81% below the national median of $410,000. This makes Ermine a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ermine?
20% Down Payment
$15,901
on $79,507
Monthly P&I
$415/mo
30-yr @ 6.8%
Total Monthly Est.
~$527/mo
incl. taxes & insurance
Income Needed
$21,080
gross annual (30% rule)
10% Down Option
$7,951
+ PMI applies
Loan Amount (20% dn)
$63,606
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 Ermine, KY?
The median home value in Ermine is $79,507 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 13% year-over-year.
How much have home prices changed in Ermine?
Over the past year, home values in Ermine have decreased by 13%. Over five years, prices have fallen approximately 19.4%.
How much do I need to earn to buy a home in Ermine?
To comfortably afford the median home price of $79,507 with a 20% down payment ($15,901) at today's rates (6.8%), you'd need a gross annual income of approximately $21,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Ermine compare to the national average home price?
The national median home value is approximately $410,000. At $79,507, homes in Ermine are 81% below the national average.