Market Overview
Home Prices in Olmstead, KY
The median home value in Olmstead, KY is $263,385 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.1% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olmstead are priced36% below average.
Over the past five years, Olmstead home values have risen by approximately29.1%, reflecting strong long-term appreciation in this market.
Price History
Olmstead Home Price Trend
2020
$173,919
$174K
—
2021
$203,966
$204K
+17.3%
2022
$229,333
$229K
+12.4%
2023
$234,438
$234K
+2.2%
2024
$249,289
$249K
+6.3%
2025
$257,933
$258K
+3.5%
2026
$263,385
$263K
+2.1%
City Comparison
Olmstead vs. National Median
🏠 Olmstead
$263,385
National Median
$410,000
At $263,385, homes in Olmstead cost 36% below the national median of $410,000. This makes Olmstead a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olmstead?
20% Down Payment
$52,677
on $263,385
Monthly P&I
$1,374/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,745/mo
incl. taxes & insurance
Income Needed
$69,800
gross annual (30% rule)
10% Down Option
$26,339
+ PMI applies
Loan Amount (20% dn)
$210,708
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 Olmstead, KY?
The median home value in Olmstead is $263,385 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.1% year-over-year.
How much have home prices changed in Olmstead?
Over the past year, home values in Olmstead have increased by 2.1%. Over five years, prices have risen approximately 29.1%.
How much do I need to earn to buy a home in Olmstead?
To comfortably afford the median home price of $263,385 with a 20% down payment ($52,677) at today's rates (6.8%), you'd need a gross annual income of approximately $69,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Olmstead compare to the national average home price?
The national median home value is approximately $410,000. At $263,385, homes in Olmstead are 36% below the national average.