Fayette County, KY real estate

What the numbers say

Fayette County, KY real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Fayette County listed for $398,042, up 3.0% from a year earlier. That is 29% above the Kentucky median of $307,775.

Homes spent a median of 43 days on the market, faster than 44 days a year ago. That makes Fayette County the #5 fastest-selling of 21 Kentucky counties we track.

Homeowners in Fayette County pay a median of $2,542 a year in property taxes on a median home value of $293,500, an effective rate of about 0.87%. The Kentucky average is 0.75%, which makes Fayette County the #109 lowest-tax of 120 counties in the state with published tax data.

Renters pay a median of $1,164 a month, and $1,178 for a two-bedroom. At today's prices a typical home costs about 28 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $398,000 home here comes to about $2,623 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $112,000 a year (the median household here earns $69,479).