Berea, KY housing market
The typical Berea home is worth about $251,000, about the same as a year ago, 8% above the Kentucky typical home. Homes typically sell in 71 days, below asking.
Home values, sales, trends and how Berea compares with the towns next door — updated as new data is published.
Berea at a glance
A seller's market
Supply is tight — about 3.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Berea | Kentucky |
|---|---|---|
| 2017 | $134,000 | $131,000 |
| 2018 | $147,000 | $138,000 |
| 2019 | $152,000 | $146,000 |
| 2020 | $161,000 | $155,000 |
| 2021 | $180,000 | $173,000 |
| 2022 | $198,000 | $191,000 |
| 2023 | $213,000 | $207,000 |
| 2024 | $226,000 | $216,000 |
| 2025 | $244,000 | $229,000 |
| 2026 | $251,000 | $233,000 |
| August 2026 | $251,000 | $233,000 |
163 new homes permitted in 2025
Builders were permitted 163 new homes in Berea in 2025: 104 single-family houses and 59 in buildings with two or more homes, worth about $21.6 million to build. That's 10 per 1,000 residents, faster than across Kentucky (6.5). Over the past 10 years, Berea has permitted 1,199 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Berea gained 1,978 residents while 833 new homes were permitted: about 2.4 new residents per new home. Building and growth moved roughly in step. Across Kentucky: 1.6 new residents per new home.
How Berea ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 92 | 86 | 6 | $17.5 million |
| 2025 | 163 | 104 | 59 | $21.6 million |
| 2024 | 142 | 136 | 6 | $23.4 million |
| 2023 | 121 | 63 | 58 | $18.4 million |
| 2022 | 258 | 78 | 180 | $28.2 million |
| 2021 | 66 | 64 | 2 | $9 million |
| 2020 | 76 | 74 | 2 | $9.2 million |
| 2019 | 78 | 43 | 35 | $8.1 million |
| 2018 | 105 | 67 | 38 | $10 million |
| 2017 | 50 | 46 | 4 | $6.1 million |
| 2016 | 140 | 69 | 71 | $10.4 million |
| 2015 | 80 | 27 | 53 | $5.4 million |
| 2014 | 54 | 20 | 34 | $3.4 million |
| 2013 | 47 | 25 | 22 | $3.6 million |
| 2012 | 76 | 31 | 45 | $4.7 million |
| 2011 | 129 | 39 | 90 | $8.3 million |
| 2010 | 74 | 52 | 22 | $6.2 million |
| 2009 | 70 | 44 | 26 | $6 million |
| 2008 | 102 | 73 | 29 | $8.6 million |
| 2007 | 115 | 96 | 19 | $10.4 million |
| 2006 | 180 | 89 | 91 | $14 million |
| 2005 | 230 | 125 | 105 | $18.5 million |
| 2004 | 204 | 136 | 68 | $15.9 million |
| 2003 | 78 | 30 | 48 | $5.1 million |
| 2002 | 177 | 76 | 101 | $14 million |
| 2001 | 137 | 86 | 51 | $10.3 million |
| 2000 | 154 | 118 | 36 | $11.5 million |
How Berea ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
4.2 years of income
The typical Berea home costs about 4.2 years of the town's median household income, more than across Kentucky (3.7 years).
How Berea ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $880
HUD's Fair Market Rent for a two-bedroom in Berea is $880 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Berea pay a median of $835. A two-bedroom takes about 18% of the town's median household income.
Studio $670 · 4 bedrooms $1,360
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (40403; Garrard County, KY), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Berea
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.