Market Overview
Home Prices in Nicholasville, KY
The median home value in Nicholasville, KY is $327,265 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3% compared to a year ago and up 4.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Nicholasville are priced20% below average. Nicholasville is part of the Lexington-Fayette, KY metro area.
Over the past five years, Nicholasville home values have risen by approximately38.0%, reflecting strong long-term appreciation in this market.
Price History
Nicholasville Home Price Trend
City Comparison
Nicholasville vs. National Median
At $327,265, homes in Nicholasville cost 20% below the national median of $410,000. This makes Nicholasville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Nicholasville?
20% Down Payment
$65,453
on $327,265
Monthly P&I
$1,707/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,168/mo
incl. taxes & insurance
Income Needed
$86,720
gross annual (30% rule)
10% Down Option
$32,727
+ PMI applies
Loan Amount (20% dn)
$261,812
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 Nicholasville, KY?
The median home value in Nicholasville is $327,265 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3% year-over-year.
How much have home prices changed in Nicholasville?
Over the past year, home values in Nicholasville have increased by 3%. Over five years, prices have risen approximately 38.0%.
How much do I need to earn to buy a home in Nicholasville?
To comfortably afford the median home price of $327,265 with a 20% down payment ($65,453) at today's rates (6.8%), you'd need a gross annual income of approximately $86,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Nicholasville compare to the national average home price?
The national median home value is approximately $410,000. At $327,265, homes in Nicholasville are 20% below the national average.
What metro area is Nicholasville part of?
Nicholasville is part of the Lexington-Fayette, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.