London, KY housing market
The typical London home is worth about $182,000, down 3% in a year, 22% below the Kentucky typical home. Homes typically sell in 40 days, below asking.
Home values, sales, trends and how London compares with the towns next door — updated as new data is published.
London at a glance
A seller's market
Supply is tight — about 2.7 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 | London | Kentucky |
|---|---|---|
| 2017 | $111,000 | $131,000 |
| 2018 | $117,000 | $138,000 |
| 2019 | $122,000 | $146,000 |
| 2020 | $125,000 | $155,000 |
| 2021 | $139,000 | $173,000 |
| 2022 | $150,000 | $191,000 |
| 2023 | $168,000 | $207,000 |
| 2024 | $172,000 | $216,000 |
| 2025 | $176,000 | $229,000 |
| 2026 | $183,000 | $233,000 |
| August 2026 | $182,000 | $233,000 |
21 new homes permitted in 2025
Builders were permitted 21 new homes in London in 2025: 6 single-family houses and 15 in buildings with two or more homes, worth about $2.1 million to build. That's 2.8 per 1,000 residents, slower than across Kentucky (6.5). Over the past 10 years, London has permitted 112 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, London's population fell by 421 even though 63 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Kentucky: 1.6 new residents per new home.
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) | 4 | 2 | 2 | $586,000 |
| 2025 | 21 | 6 | 15 | $2.1 million |
| 2024 | 16 | 10 | 6 | $2.7 million |
| 2023 | 6 | 6 | 0 | $2 million |
| 2022 | 12 | 10 | 2 | $1.2 million |
| 2021 | 11 | 3 | 8 | $1.2 million |
| 2020 | 20 | 20 | 0 | $2.1 million |
| 2019 | 5 | 1 | 4 | $490,000 |
| 2018 | 4 | 4 | 0 | $797,000 |
| 2017 | 8 | 6 | 2 | $637,000 |
| 2016 | 9 | 3 | 6 | $641,000 |
| 2015 | 15 | 11 | 4 | $1.7 million |
| 2014 | 1 | 1 | 0 | $145,000 |
| 2013 | 8 | 8 | 0 | $999,000 |
| 2012 | 2 | 2 | 0 | $84,000 |
| 2011 | 2 | 2 | 0 | $280,000 |
| 2010 | 9 | 9 | 0 | $560,000 |
| 2009 | 5 | 3 | 2 | $388,000 |
| 2008 | 12 | 1 | 11 | $484,000 |
| 2007 | 17 | 10 | 7 | $2.3 million |
| 2006 | 15 | 11 | 4 | $1.8 million |
| 2005 | 23 | 11 | 12 | $2.2 million |
| 2004 | 7 | 7 | 0 | $1.1 million |
| 2003 | 13 | 13 | 0 | $1.5 million |
| 2002 | 16 | 16 | 0 | $1.3 million |
| 2001 | 34 | 18 | 16 | $2.2 million |
| 2000 | 17 | 10 | 7 | $1.3 million |
How London 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.
3.8 years of income
The typical London home costs about 3.8 years of the town's median household income, about the same as across Kentucky (3.7).
How London 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 $890
HUD's Fair Market Rent for a two-bedroom in London is $890 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in London pay a median of $815. A two-bedroom takes about 22% of the town's median household income.
Studio $670 · 4 bedrooms $1,310
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (40741, 40744; Clay 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 London
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.