Market Overview
Home Prices in Oil Springs, KY
The median home value in Oil Springs, KY is $156,995 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 13.2% 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 Oil Springs are priced62% below average.
Over the past five years, Oil Springs home values have risen by approximately6.9%, reflecting steady appreciation in this market.
Price History
Oil Springs Home Price Trend
2020
$120,153
$120K
—
2021
$146,827
$147K
+22.2%
2022
$162,805
$163K
+10.9%
2023
$159,375
$159K
-2.1%
2024
$169,830
$170K
+6.6%
2025
$180,780
$181K
+6.4%
2026
$156,995
$157K
-13.2%
City Comparison
Oil Springs vs. National Median
🏠 Oil Springs
$156,995
National Median
$410,000
At $156,995, homes in Oil Springs cost 62% below the national median of $410,000. This makes Oil Springs a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Oil Springs?
20% Down Payment
$31,399
on $156,995
Monthly P&I
$819/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,040/mo
incl. taxes & insurance
Income Needed
$41,600
gross annual (30% rule)
10% Down Option
$15,700
+ PMI applies
Loan Amount (20% dn)
$125,596
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 Oil Springs, KY?
The median home value in Oil Springs is $156,995 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 13.2% year-over-year.
How much have home prices changed in Oil Springs?
Over the past year, home values in Oil Springs have decreased by 13.2%. Over five years, prices have risen approximately 6.9%.
How much do I need to earn to buy a home in Oil Springs?
To comfortably afford the median home price of $156,995 with a 20% down payment ($31,399) at today's rates (6.8%), you'd need a gross annual income of approximately $41,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Oil Springs compare to the national average home price?
The national median home value is approximately $410,000. At $156,995, homes in Oil Springs are 62% below the national average.