Market Overview
Home Prices in Ravenna, KY
The median home value in Ravenna, KY is $97,353 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 17.6% compared to a year ago and up 4.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ravenna are priced76% below average. Ravenna is part of the Richmond-Berea, KY metro area.
Over the past five years, Ravenna home values have fallen by approximately0.2%, reflecting softening conditions in this market.
Price History
Ravenna Home Price Trend
City Comparison
Ravenna vs. National Median
At $97,353, homes in Ravenna cost 76% below the national median of $410,000. This makes Ravenna a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ravenna?
20% Down Payment
$19,471
on $97,353
Monthly P&I
$508/mo
30-yr @ 6.8%
Total Monthly Est.
~$645/mo
incl. taxes & insurance
Income Needed
$25,800
gross annual (30% rule)
10% Down Option
$9,735
+ PMI applies
Loan Amount (20% dn)
$77,882
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 Ravenna, KY?
The median home value in Ravenna is $97,353 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 17.6% year-over-year.
How much have home prices changed in Ravenna?
Over the past year, home values in Ravenna have decreased by 17.6%. Over five years, prices have fallen approximately 0.2%.
How much do I need to earn to buy a home in Ravenna?
To comfortably afford the median home price of $97,353 with a 20% down payment ($19,471) at today's rates (6.8%), you'd need a gross annual income of approximately $25,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Ravenna compare to the national average home price?
The national median home value is approximately $410,000. At $97,353, homes in Ravenna are 76% below the national average.
What metro area is Ravenna part of?
Ravenna is part of the Richmond-Berea, KY metropolitan area. Home prices and market conditions can vary across the broader metro region.