Market Overview
Home Prices in New Concord, KY
The median home value in New Concord, KY is $152,782 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 21.3% compared to a year ago and up 6.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Concord are priced63% below average. New Concord is part of the Murray, KY metro area.
Over the past five years, New Concord home values have risen by approximately57.0%, reflecting strong long-term appreciation in this market.
Price History
New Concord Home Price Trend
City Comparison
New Concord vs. National Median
At $152,782, homes in New Concord cost 63% below the national median of $410,000. This makes New Concord a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Concord?
20% Down Payment
$30,556
on $152,782
Monthly P&I
$797/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,012/mo
incl. taxes & insurance
Income Needed
$40,480
gross annual (30% rule)
10% Down Option
$15,278
+ PMI applies
Loan Amount (20% dn)
$122,226
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 New Concord, KY?
The median home value in New Concord is $152,782 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 21.3% year-over-year.
How much have home prices changed in New Concord?
Over the past year, home values in New Concord have decreased by 21.3%. Over five years, prices have risen approximately 57.0%.
How much do I need to earn to buy a home in New Concord?
To comfortably afford the median home price of $152,782 with a 20% down payment ($30,556) at today's rates (6.8%), you'd need a gross annual income of approximately $40,480. This assumes keeping total housing costs at or below 30% of gross income.
How does New Concord compare to the national average home price?
The national median home value is approximately $410,000. At $152,782, homes in New Concord are 63% below the national average.
What metro area is New Concord part of?
New Concord is part of the Murray, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.