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Berea, KY
Full City Profile · Kentucky · Madison County County
3.1
/5.0
B
Good
15,557
Population
942/sq mi density
$56,484
Median Income
$26,622 per capita
$178,000
Home Value
$245,670 Zillow
$806
Median Rent
28.0% income on rent
58°F
Avg Temperature
318 sunny days/yr
118
Violent Crime/100K
1,294 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$56,484 median income, 2.1% unemployment
A+
Affordability
4.9 / 5.0
$178,000 home value, $806/mo rent
F
Safety
1.0 / 5.0
118 violent crimes/100K
B
Education
3.2 / 5.0
27.0% bachelor's degree or higher
Housing Overview
Median Home Value
$178,000
37% below
US avg: $281,900
Median Rent
$806/mo
31% below
US avg: $1,163/mo
Homeownership Rate
57.3%
12% below US avg (65.4%)
Total Housing Units
6,025
Median year built: 1988
Home Value by Source
Census Median
$178,000
Zillow (ZHVI)
$245,670
Median Sale Price
$268,000
Median List Price
$234,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
57.3%
Owner-Occupied
42.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$719/mo
1 Bedroom
$794/mo
2 Bedroom
$984/mo
3 Bedroom
$1,277/mo
4 Bedroom
$1,442/mo
Census median rent:
$806/mo
· Zillow rent:
$965/mo
Market Indicators (Redfin)
Median Days on Market
83 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
15
Price Drops
16.8%
of listings with price reduction
Price Per Sq Ft
$164
Active Inventory
101
homes for sale
Affordability & Housing Stock
Rent Burden
28.0%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
1988
Average age of housing stock: 38 years
Homeownership Rate
57.3%
Complete Housing Data
Home Values
| Census Median Value | $178,000 |
| Zillow Home Value (ZHVI) | $245,670 |
| Median Sale Price | $268,000 |
| Median List Price | $234,900 |
| Price Per Sq Ft | $164 |
Rent
| Census Median Rent | $806 |
| Zillow Rent (ZORI) | $965 |
| FMR Studio | $719 |
| FMR 1-Bedroom | $794 |
| FMR 2-Bedroom | $984 |
| FMR 3-Bedroom | $1,277 |
| FMR 4-Bedroom | $1,442 |
Market
| Days on Market | 83 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 16.8% |
| Homes Sold | 15 |
| Active Inventory | 101 |
| Price Per Sq Ft | $164 |
Ownership & Stock
| Owner-Occupied | 57.3% |
| Renter-Occupied | 42.7% |
| Homeownership Rate | 57.3% |
| Total Housing Units | 6,025 |
| Median Year Built | 1988 |
| Rent Burden | 28.0% |