Market Overview
Home Prices in Owensboro, KY
The median home value in Owensboro, KY is $216,394 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Owensboro are priced47% below average. Owensboro is part of the Owensboro, KY metro area.
Over the past five years, Owensboro home values have risen by approximately34.7%, reflecting strong long-term appreciation in this market.
Price History
Owensboro Home Price Trend
City Comparison
Owensboro vs. National Median
At $216,394, homes in Owensboro cost 47% below the national median of $410,000. This makes Owensboro a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Owensboro?
20% Down Payment
$43,279
on $216,394
Monthly P&I
$1,129/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,434/mo
incl. taxes & insurance
Income Needed
$57,360
gross annual (30% rule)
10% Down Option
$21,639
+ PMI applies
Loan Amount (20% dn)
$173,115
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 Owensboro, KY?
The median home value in Owensboro is $216,394 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Owensboro?
Over the past year, home values in Owensboro have increased by 2.6%. Over five years, prices have risen approximately 34.7%.
How much do I need to earn to buy a home in Owensboro?
To comfortably afford the median home price of $216,394 with a 20% down payment ($43,279) at today's rates (6.8%), you'd need a gross annual income of approximately $57,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Owensboro compare to the national average home price?
The national median home value is approximately $410,000. At $216,394, homes in Owensboro are 47% below the national average.
What metro area is Owensboro part of?
Owensboro is part of the Owensboro, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.