Market Overview
Home Prices in Olympia, KY
The median home value in Olympia, KY is $211,672 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.9% compared to a year ago and up 8.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Olympia are priced48% below average. Olympia is part of the Mount Sterling, KY metro area.
Over the past five years, Olympia home values have risen by approximately49.7%, reflecting strong long-term appreciation in this market.
Price History
Olympia Home Price Trend
City Comparison
Olympia vs. National Median
At $211,672, homes in Olympia cost 48% below the national median of $410,000. This makes Olympia a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Olympia?
20% Down Payment
$42,334
on $211,672
Monthly P&I
$1,104/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,402/mo
incl. taxes & insurance
Income Needed
$56,080
gross annual (30% rule)
10% Down Option
$21,167
+ PMI applies
Loan Amount (20% dn)
$169,338
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 Olympia, KY?
The median home value in Olympia is $211,672 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.9% year-over-year.
How much have home prices changed in Olympia?
Over the past year, home values in Olympia have increased by 2.9%. Over five years, prices have risen approximately 49.7%.
How much do I need to earn to buy a home in Olympia?
To comfortably afford the median home price of $211,672 with a 20% down payment ($42,334) at today's rates (6.8%), you'd need a gross annual income of approximately $56,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Olympia compare to the national average home price?
The national median home value is approximately $410,000. At $211,672, homes in Olympia are 48% below the national average.
What metro area is Olympia part of?
Olympia is part of the Mount Sterling, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.