41164, Olive Hill, KY

The 41164 zip code of Olive Hill, KY has a median home value of $191,000. The home equity in this zip code is $128,000. The average home price in the Lexington-Fayette metropolitan area is $239,500. This means that the home equity in the 41164 zip code is about 50% lower than the average home value in Lexington-Fayette and about 25% lower than the median home value in Kentucky as a whole.

There are several factors that may contribute to this discrepancy between Olive Hill's home equity and statewide averages. First, Olive Hill may be an older community which has seen its share of homeownership decline over time. Second, there may be fewer opportunities for people to purchase homes here due to stricter lending standards or other economic constraints. Finally, although Olive Hill's median home value is high by Lexington-Fayette standards, it may not be high enough for some buyers who are looking for more expensive homes within the city limits.