Island, KY housing market
The typical Island home is worth about $141,000, down 7.2% in a year, 39% below the Kentucky typical home.
Home values, sales, trends and how Island compares with the towns next door — updated as new data is published.
Island at a glance
Only 1 sale in February 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Island | Kentucky |
|---|---|---|
| 2017 | $76,000 | $131,000 |
| 2018 | $86,000 | $138,000 |
| 2019 | $100,000 | $146,000 |
| 2020 | $101,000 | $155,000 |
| 2021 | $118,000 | $173,000 |
| 2022 | $128,000 | $191,000 |
| 2023 | $137,000 | $207,000 |
| 2024 | $142,000 | $216,000 |
| 2025 | $156,000 | $229,000 |
| 2026 | $136,000 | $233,000 |
| August 2026 | $141,000 | $233,000 |
No new homes permitted in 2025
No permits for new homes were issued in Island in 2025 or in any year since 2025.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 0 | 0 | 0 | — |
Island's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,110
HUD's Fair Market Rent for a two-bedroom in Island is $1,110 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Island pay a median of $929, so moving in tends to cost more than staying put.
Studio $840 · 4 bedrooms $1,470
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (42350; Owensboro, KY MSA), 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 Island
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, February 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.