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Featured local agent — Olive Hill, KY
Sarah Mitchell
Compass Real Estate · Olive Hill, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Olive Hill, KY Housing Market
The typical home in Olive Hill, KY is worth $140,243, fell 9.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $160,000, +0.1% year over year (through May 2026). With 1.3 months of supply and homes going under contract in about 38 days, Olive Hill is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $140,243 home is about $749/mo in principal and interest.
Key numbers for Olive Hill, KY
Typical home value
$140,243
-9.5% in 12 months
Zillow, August 2026
Median sale price
$160,000
+0.1% year over year
Redfin, through April 2026
Days on market
38
Average pace
Redfin, through April 2026
Active listings
4
1.3 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$69,063
Home costs 2.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.4%
Selling below asking
Redfin, through April 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 Olive Hill a buyer's or seller's market?
Olive Hill, KY is a seller's market, based on 1.3 months of supply and homes selling in about 38 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Olive Hill housing market data show?
Every row below is Redfin's final published month for Olive Hill, KY. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $160,000 |
| Median list price | $110,000 |
| Year-over-year price change | +0.1% |
| Median price per sq ft | $133/sq ft |
| Median days on market | 38 days |
| Active inventory | 4 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 99.4% |
| Homes sold (that month) | 3 |
| New listings (that month) | 1 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's 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 Olive Hill is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Olive Hill 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 Olive Hill home prices moved?
Over the last three years the median sale price in Olive Hill, KY rose 154.0%, from $63,000 to $160,000. The live Zillow value series has fell 9.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.0% of Olive Hill listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 1.3 months while the sale-to-list ratio slips below its current 99.4%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Olive Hill?
Priced off the typical home value of $140,243 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% | $28,049 | $112,194 | $749/mo |
| 5% | $7,012 | $133,230 | $889/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 $749, that implies roughly $32,087 a year before you add taxes and insurance. The median household in Olive Hill earns $69,063, about $36,976 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.0x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Olive Hill in the next 12 months?
Tell us your timeline. We send the Olive Hill 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 Olive Hill?
Zillow does not publish a rent index (ZORI) for Olive Hill, 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 Olive Hill?
Active listings in Olive Hill, KY went from 3 in May 2024 to 4 in April 2026, a +33.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| August 2024 | 2 | not published |
| December 2024 | 6 | 2 |
| February 2025 | 4 | not published |
| April 2025 | 7 | 1 |
| June 2025 | 5 | 3 |
| July 2025 | 5 | 1 |
| August 2025 | 6 | 3 |
| October 2025 | 8 | not published |
| November 2025 | 6 | not published |
| January 2026 | 7 | 2 |
| March 2026 | 5 | 1 |
| April 2026 | 4 | 1 |
Redfin, through April 2026
How does Olive Hill compare to Kentucky and the U.S.?
Olive Hill homes sell for $160,000 — 44% below the Kentucky median of $284,400. Against the national median of $410,700, Olive Hill runs 61% lower. Year-over-year, Olive Hill moved +0.1% against Kentucky's +2.3% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Olive Hill, KY | $160,000 | +0.1% | 38 days |
| Kentucky statewide | $284,400 | +2.3% | 45 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Olive Hill
What buyers should watch
- Months of supply, currently 1.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $140 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 $140,243 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 Olive Hill listing goes under contract in 38 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 99.4% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Olive Hill added 1 new listings against 3 sales — more clearing than arriving, which is the better window to list.
- Your equity moved -9.5% 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 Olive Hill varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Olive Hill
There are currently 4 homes listed for sale in Olive Hill, Kentucky. The median listing price is $110K.
Active listings
4
Homes on market
Median list price
$110K
Avg. days on market
38
Days until sale
New this week
1
Newly listed
How much do homes cost in Olive Hill by property type?
How the Olive Hill, KY market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $160,000 | $133/sq ft | 3 | 38 days |
Who lives in Olive Hill?
American Community Survey estimates for Olive Hill. U.S. Census ACS, 2023
Population
1,488
Households
719
Median income
$69,063/yr
Median age
53.1 years
Owner-occupied
67.5%
Median home value
$111,100
Median gross rent
$508/mo
Mean commute
17.7 min
67.5% of occupied homes in Olive Hill 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 $111,100 against Zillow's $140,243 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Olive Hill?
6 schools tracked · 1,650 students
The largest public schools serving Olive Hill, 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.
West Carter County High School
Grades 9-12 · 510 students
Olive Hill Elementary School
Grades PK-5 · 393 students
West Carter Middle School
Grades 6-8 · 375 students
Tygart Creek Elementary School
Grades PK-5 · 330 students
Carter Virtual Academy
Grades K-12 · 42 students
Carter County Career and Technical Center
Grades 9-12
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 Olive Hill, KY?
Ordered by distance from Olive Hill, not by size. Compare Olive Hill side by side with any of them.
Olive Hill housing market FAQ
Is Olive Hill a buyer's or seller's market?
Olive Hill, KY is currently a seller's market. That read comes from 1.3 months of supply, homes going under contract in about 38 days, and sellers getting 99.4% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Olive Hill?
The typical home in Olive Hill, KY is worth $140,243 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $160,000, about $133 per square foot.
Is Olive Hill cheaper than the rest of Kentucky?
Olive Hill's median sale price of $160,000 is 44% lower than the Kentucky statewide median of $284,400, and 61% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Olive Hill?
Homes in Olive Hill, KY spent a median of 38 days on market before going under contract, versus 45 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Olive Hill?
At the current 30-year fixed rate of 7.03%, 20% down on a $140,243 home is about $749 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $32,087 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $69,063.
Are home prices rising in Olive Hill?
The typical home value in Olive Hill, KY fell 9.5% over the last 12 months, from $154,981 to $140,243 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Olive Hill?
Olive Hill 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 Olive Hill?
That depends on your timeline, not on a headline. What the data says today: Olive Hill, KY is a seller's market with 1.3 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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