Spring Mill, KY housing market
The median sale price was $410,000 in May 2026.
Home values, sales, trends and how Spring Mill compares with the towns next door — updated as new data is published.
Spring Mill at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Home prices up 42% in 5 years
The federal house price index for the ZIP code around Spring Mill rose 42% over the past 5 years, slower than across Kentucky (50%). Prices were about flat last year.
Show as a table
| Year | Change that year | Since 2000 | Kentucky since 2000 |
|---|---|---|---|
| 2025 | −0.2% | +117% | +136% |
| 2024 | +4.6% | +117% | +127% |
| 2023 | +11% | +108% | +114% |
| 2022 | +9.9% | +87% | +98% |
| 2021 | +12% | +70% | +73% |
| 2020 | +6% | +53% | +57% |
| 2019 | +3.4% | +44% | +52% |
| 2018 | +5.6% | +39% | +46% |
| 2017 | +6.6% | +32% | +39% |
| 2016 | +5% | +24% | +33% |
| 2015 | +2.7% | +18% | +28% |
| 2014 | +2.4% | +15% | +24% |
| 2013 | −0.1% | +12% | +22% |
| 2012 | −0.9% | +12% | +22% |
| 2011 | −1.1% | +13% | +22% |
| 2010 | −2% | +14% | +24% |
| 2009 | −1.6% | +17% | +25% |
| 2008 | −0.7% | +19% | +27% |
| 2007 | +0.4% | +19% | +27% |
| 2006 | +2.8% | +19% | +24% |
| 2005 | +4.2% | +16% | +20% |
| 2004 | +3.3% | +11% | +14% |
| 2003 | +2.2% | +7.6% | +9.5% |
| 2002 | +3.3% | +5.3% | +6.9% |
| 2001 | +2% | +2% | +4.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 40228, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
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 $1,600
HUD's Fair Market Rent for a two-bedroom in Spring Mill is $1,600 a month, utilities included: roughly what a modest, recently rented unit costs.
Studio $1,220 · 4 bedrooms $2,380
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (40228; Louisville, KY-IN HUD Metro FMR Area), 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.