Market Overview
Home Prices in Wheelwright, KY
The median home value in Wheelwright, KY is $51,213 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 32.6% compared to a year ago and up 7.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wheelwright are priced88% below average.
Over the past five years, Wheelwright home values have fallen by approximately9.6%, reflecting softening conditions in this market.
Price History
Wheelwright Home Price Trend
2020
$47,074
$47K
—
2021
$56,622
$57K
+20.3%
2022
$61,073
$61K
+7.9%
2023
$64,554
$65K
+5.7%
2024
$70,635
$71K
+9.4%
2025
$76,016
$76K
+7.6%
2026
$51,213
$51K
-32.6%
City Comparison
Wheelwright vs. National Median
🏠 Wheelwright
$51,213
National Median
$410,000
At $51,213, homes in Wheelwright cost 88% below the national median of $410,000. This makes Wheelwright a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wheelwright?
20% Down Payment
$10,243
on $51,213
Monthly P&I
$267/mo
30-yr @ 6.8%
Total Monthly Est.
~$339/mo
incl. taxes & insurance
Income Needed
$13,560
gross annual (30% rule)
10% Down Option
$5,121
+ PMI applies
Loan Amount (20% dn)
$40,970
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 Wheelwright, KY?
The median home value in Wheelwright is $51,213 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 32.6% year-over-year.
How much have home prices changed in Wheelwright?
Over the past year, home values in Wheelwright have decreased by 32.6%. Over five years, prices have fallen approximately 9.6%.
How much do I need to earn to buy a home in Wheelwright?
To comfortably afford the median home price of $51,213 with a 20% down payment ($10,243) at today's rates (6.8%), you'd need a gross annual income of approximately $13,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Wheelwright compare to the national average home price?
The national median home value is approximately $410,000. At $51,213, homes in Wheelwright are 88% below the national average.