$15,000
47 Linksview Dr
Butler, KY
Land
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Compass Real Estate · Butler, KY
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Butler, KY(512) 555-0184TX License #0512847
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Butler, KY Housing Market
Balanced market+4.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through March 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Butler, KY is worth $271,419, rose 4.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $250,000, -31.5% year over year (through May 2026). With homes going under contract in about 13 days, Butler is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $271,419 home is about $1,449/mo in principal and interest.
Key numbers for Butler, KY
Typical home value
$271,419
+4.1% in 12 months
Zillow, August 2026
Median sale price
$250,000
-31.5% year over year
Redfin, through March 2026
Days on market
13
Fast-moving
Redfin, through March 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$43,309
Home costs 6.3x income
U.S. Census ACS, 2023
Sale-to-list ratio
94.3%
Selling below asking
Redfin, through March 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Butler a buyer's or seller's market?
Balanced market13 days on market94.3% of asking
Butler, KY is a balanced market and homes selling in about 13 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Butler housing market data show?
Every row below is Redfin's final published month for Butler, KY. Redfin, through March 2026
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Year-over-year price change | -31.5% |
| Median price per sq ft | $189/sq ft |
| Median days on market | 13 days |
| Sale-to-list price ratio | 94.3% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Butler is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Butler is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Butler home prices moved?
Across the 27 months we hold for Butler, KY, the median sale price rose 257.1%, from $70,000 in April 2021 to $250,000. The live Zillow value series has rose 4.1% in the last 12 months, which is the more current read now that Redfin's series has stopped.
Redfin, through March 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Butler?
Priced off the typical home value of $271,419 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $54,284 | $217,136 | $1,449/mo |
| 5% | $13,571 | $257,848 | $1,721/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,449, that implies roughly $62,099 a year before you add taxes and insurance. The median household in Butler earns $43,309, about $18,790 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.3x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Butler in the next 12 months?
Tell us your timeline. We send the Butler market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Butler?
Zillow does not publish a rent index (ZORI) for Butler, KY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Butler?
Active listings in Butler, KY went from 3 in June 2022 to 1 in March 2025, a -66.7% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| July 2022 | 4 | 1 |
| October 2022 | 2 | not published |
| November 2022 | 2 | not published |
| February 2023 | 1 | 1 |
| May 2023 | 3 | 3 |
| June 2023 | 2 | not published |
| August 2023 | 1 | not published |
| November 2023 | 3 | 2 |
| December 2023 | 2 | 1 |
| January 2024 | 1 | not published |
| January 2025 | 2 | 2 |
| March 2025 | 1 | not published |
Redfin, through March 2025
How does Butler compare to Kentucky and the U.S.?
Butler homes sell for $250,000 — 12% below the Kentucky median of $284,400. Against the national median of $410,700, Butler runs 39% lower. Year-over-year, Butler moved -31.5% against Kentucky's +2.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Butler, KY | $250,000 | -31.5% | 13 days |
| Kentucky statewide | $284,400 | +2.3% | 45 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through March 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Butler
What buyers should watch
- The gap between 5% and 20% down here is $272 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $271,419 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Butler listing goes under contract in 13 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 94.3% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +4.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Butler varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Butler
Explore homes currently listed for sale in Butler, Kentucky across major real estate platforms.
$15,000
51 Linksview Dr
Butler, KY
Land
View photos & details
$15,000
52 Links View Dr
Butler, KY
Land
View photos & details
$25,000
Links View Ln Lot B
Butler, KY
Land
View photos & details
$25,000
Links View Dr Lot C
Butler, KY
Land
View photos & details
$33,900
6 Links View Dr
Butler, KY
Land30,056 sqft lot
View photos & details
$200,000
30 Clubside Dr
Butler, KY
2 bd3 ba
Condo
View photos & details
$240,000
178 Bethel Ln
Butler, KY
3 bd2 ba1,568 sqft$153/ft²
Mobile home1.00 acres
View photos & details
$265,000
118 Riverside Dr
Butler, KY
3 bd2 ba1,321 sqft$201/ft²
House2.23 acres
View photos & details
$500,000
146 Ball Rd
Butler, KY
4 bd3 ba2,970 sqft$168/ft²
House4.99 acres
View photos & details
$725,000
13843 Highway 10 N
Butler, KY
4 bd1 ba1,590 sqft$456/ft²
Farm69.00 acres
View photos & details
$1,195,000
16120 Highway 10 N
Butler, KY
3 bd2 ba3,301 sqft$362/ft²
House29.17 acres
View photos & details
Looking to buy in Butler?
Get connected with a local real estate expert — free, no obligation.
Sale-to-list:94.3%
How much do homes cost in Butler by property type?
How the Butler, KY market breaks down across single-family homes, condos and townhouses. Redfin, through March 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $250,000 | $189/sq ft | 1 | 13 days |
Who lives in Butler?
American Community Survey estimates for Butler. U.S. Census ACS, 2023
Population
513
Households
207
Median income
$43,309/yr
Median age
42.9 years
Owner-occupied
44.4%
Median home value
$136,500
Median gross rent
$840/mo
Mean commute
39.1 min
44.4% of occupied homes in Butler are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $136,500 against Zillow's $271,419 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Butler?
2 schools tracked · 913 students
The largest public schools serving Butler, KY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Northern Elementary School
Grades PK-5 · 495 students
Phillip Sharp Middle School
Grades 6-8 · 418 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Butler, KY?
Ordered by distance from Butler, not by size. Compare Butler side by side with any of them.
Butler housing market FAQ
Is Butler a buyer's or seller's market?
Butler, KY is currently a balanced market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Butler?
The typical home in Butler, KY is worth $271,419 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $250,000, about $189 per square foot.
Is Butler cheaper than the rest of Kentucky?
Butler's median sale price of $250,000 is 12% lower than the Kentucky statewide median of $284,400, and 39% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Butler?
Homes in Butler, KY spent a median of 13 days on market before going under contract, versus 45 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Butler?
At the current 30-year fixed rate of 7.03%, 20% down on a $271,419 home is about $1,449 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $62,099 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $43,309.
Are home prices rising in Butler?
The typical home value in Butler, KY rose 4.1% over the last 12 months, from $260,837 to $271,419 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Butler?
Butler ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Butler?
That depends on your timeline, not on a headline. What the data says today: Butler, KY is a balanced market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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