Owensboro housing market
Typical home value
$214K
▲ 3.5% 1 yr
Typical rent
$1,236/mo
▲ 3.2% 1 yr
12-month forecast
+2.1%
#260 of 546 metros
Gross rent yield
6.9%
#134 of 546 · U.S. 6.3%
Days to pending
47 days
▲ +11 days 1 yr
Listings with a price cut
34%
▲ +6.5 pts 1 yr
Key takeaways
- 1The typical home is worth $213,968, up 3.5% in a year and up 30% over five years.
- 2Zillow forecasts home values rising 2.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,236/mo (+3.2% YoY), a 6.9% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,176/mo in principal and interest, $60 less than renting.
- 5Homes go under contract in 47 days (+11 days vs last year); 34% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 30/100, #444 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Owensboro compares
| Measure | Owensboro | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.5% | +1.2% | #161 |
| Home value, 5-yr change | +29.7% | +19.7% | |
| 12-month forecast | +2.1% | +1.1% | #260 |
| Rent, 1-yr change | +3.2% | +2.7% | #286 |
| Gross rent yield | 6.9% | 6.3% | #134 |
| Price-to-rent ratio | 14.4 | 15.8 | |
| Mortgage P&I on typical home | $1,176 | $2,012 | |
| Income needed to buy | $59,273 | $100,902 | |
| Days to pending | 47 | 56 |
Cities in the Owensboro metro
1 cities with home value and rent data.
| Owensboro | $213K | ▲ 4.8% | $1,259 | ▲ 3.3% | 7.1% |
Run the numbers
Rental property calculator
Cash flow on a typical Owensboro rental ($214K, $1,236/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Owensboro home.
Rent vs buy
Is it cheaper to rent or buy in Owensboro?
Other Kentucky metros
Louisville, KY
$279K home$1,339 rent5.8% yield
▲ 1.5% 1 yr
Lexington, KY
$325K home$1,599 rent5.9% yield
▲ 3.3% 1 yr
Bowling Green, KY
$258K home$1,215 rent5.7% yield
▼ 0.4% 1 yr
Elizabethtown, KY
$245K home$1,297 rent6.3% yield
▼ 3.4% 1 yr
Richmond, KY
$263K home$1,062 rent4.8% yield
▲ 1.1% 1 yr
Frankfort, KY
$254K home$1,039 rent4.9% yield
▲ 0.6% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.