Market Overview
Home Prices in Payneville, KY
The median home value in Payneville, KY is $227,257 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.1% compared to a year ago and up 10.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Payneville are priced45% below average. Payneville is part of the Elizabethtown-Fort Knox, KY metro area.
Over the past five years, Payneville home values have risen by approximately36.4%, reflecting strong long-term appreciation in this market.
Price History
Payneville Home Price Trend
City Comparison
Payneville vs. National Median
At $227,257, homes in Payneville cost 45% below the national median of $410,000. This makes Payneville a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Payneville?
20% Down Payment
$45,451
on $227,257
Monthly P&I
$1,185/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,505/mo
incl. taxes & insurance
Income Needed
$60,200
gross annual (30% rule)
10% Down Option
$22,726
+ PMI applies
Loan Amount (20% dn)
$181,806
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 Payneville, KY?
The median home value in Payneville is $227,257 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.1% year-over-year.
How much have home prices changed in Payneville?
Over the past year, home values in Payneville have decreased by 0.1%. Over five years, prices have risen approximately 36.4%.
How much do I need to earn to buy a home in Payneville?
To comfortably afford the median home price of $227,257 with a 20% down payment ($45,451) at today's rates (6.8%), you'd need a gross annual income of approximately $60,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Payneville compare to the national average home price?
The national median home value is approximately $410,000. At $227,257, homes in Payneville are 45% below the national average.
What metro area is Payneville part of?
Payneville is part of the Elizabethtown-Fort Knox, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.