Market Overview
Home Prices in Providence, KY
The median home value in Providence, KY is $112,788 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.4% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Providence are priced72% below average. Providence is part of the Madisonville, KY metro area.
Over the past five years, Providence home values have risen by approximately28.8%, reflecting strong long-term appreciation in this market.
Price History
Providence Home Price Trend
City Comparison
Providence vs. National Median
At $112,788, homes in Providence cost 72% below the national median of $410,000. This makes Providence a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Providence?
20% Down Payment
$22,558
on $112,788
Monthly P&I
$588/mo
30-yr @ 6.8%
Total Monthly Est.
~$747/mo
incl. taxes & insurance
Income Needed
$29,880
gross annual (30% rule)
10% Down Option
$11,279
+ PMI applies
Loan Amount (20% dn)
$90,230
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 Providence, KY?
The median home value in Providence is $112,788 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.4% year-over-year.
How much have home prices changed in Providence?
Over the past year, home values in Providence have increased by 3.4%. Over five years, prices have risen approximately 28.8%.
How much do I need to earn to buy a home in Providence?
To comfortably afford the median home price of $112,788 with a 20% down payment ($22,558) at today's rates (6.8%), you'd need a gross annual income of approximately $29,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Providence compare to the national average home price?
The national median home value is approximately $410,000. At $112,788, homes in Providence are 72% below the national average.
What metro area is Providence part of?
Providence is part of the Madisonville, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.