Market Overview
Home Prices in Nebo, KY
The median home value in Nebo, KY is $164,335 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.4% compared to a year ago and up 4.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nebo are priced60% below average. Nebo is part of the Madisonville, KY metro area.
Over the past five years, Nebo home values have risen by approximately29.9%, reflecting strong long-term appreciation in this market.
Price History
Nebo Home Price Trend
2020
$109,978
$110K
—
2021
$126,510
$127K
+15.0%
2022
$150,060
$150K
+18.6%
2023
$164,978
$165K
+9.9%
2024
$172,306
$172K
+4.4%
2025
$179,493
$179K
+4.2%
2026
$164,335
$164K
-8.4%
City Comparison
Nebo vs. National Median
🏠 Nebo
$164,335
National Median
$410,000
At $164,335, homes in Nebo cost 60% below the national median of $410,000. This makes Nebo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nebo?
20% Down Payment
$32,867
on $164,335
Monthly P&I
$857/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,088/mo
incl. taxes & insurance
Income Needed
$43,520
gross annual (30% rule)
10% Down Option
$16,434
+ PMI applies
Loan Amount (20% dn)
$131,468
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 Nebo, KY?
The median home value in Nebo is $164,335 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.4% year-over-year.
How much have home prices changed in Nebo?
Over the past year, home values in Nebo have decreased by 8.4%. Over five years, prices have risen approximately 29.9%.
How much do I need to earn to buy a home in Nebo?
To comfortably afford the median home price of $164,335 with a 20% down payment ($32,867) at today's rates (6.8%), you'd need a gross annual income of approximately $43,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Nebo compare to the national average home price?
The national median home value is approximately $410,000. At $164,335, homes in Nebo are 60% below the national average.
What metro area is Nebo part of?
Nebo is part of the Madisonville, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.