Market Overview
Home Prices in Olive Hill, KY
The median home value in Olive Hill, KY is $146,214 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 8.7% compared to a year ago and up 10.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olive Hill are priced64% below average. Olive Hill is part of the Huntington-Ashland, WV-KY-OH metro area.
Over the past five years, Olive Hill home values have risen by approximately34.6%, reflecting strong long-term appreciation in this market.
Price History
Olive Hill Home Price Trend
City Comparison
Olive Hill vs. National Median
At $146,214, homes in Olive Hill cost 64% below the national median of $410,000. This makes Olive Hill a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olive Hill?
20% Down Payment
$29,243
on $146,214
Monthly P&I
$763/mo
30-yr @ 6.8%
Total Monthly Est.
~$969/mo
incl. taxes & insurance
Income Needed
$38,760
gross annual (30% rule)
10% Down Option
$14,621
+ PMI applies
Loan Amount (20% dn)
$116,971
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 Olive Hill, KY?
The median home value in Olive Hill is $146,214 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 8.7% year-over-year.
How much have home prices changed in Olive Hill?
Over the past year, home values in Olive Hill have decreased by 8.7%. Over five years, prices have risen approximately 34.6%.
How much do I need to earn to buy a home in Olive Hill?
To comfortably afford the median home price of $146,214 with a 20% down payment ($29,243) at today's rates (6.8%), you'd need a gross annual income of approximately $38,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Olive Hill compare to the national average home price?
The national median home value is approximately $410,000. At $146,214, homes in Olive Hill are 64% below the national average.
What metro area is Olive Hill part of?
Olive Hill is part of the Huntington-Ashland, WV-KY-OH metropolitan area. Home prices and market conditions can vary across the broader metro region.