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Park

Learn about the people, housing, costs and businesses in Park, Kentucky

Median Home$160,000
Median Rent$740/month
Population710
Leading IndustriesRetail · Wholesale Trade · Construction27% retail
Home Value Growth⬆⬆⬆+41.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners56% of occupied units
NotableTransit93/100 · excellent transit access
NotableAffordable Market$160k median home · lower cost than 70% of the country
Park City
KY

Frequently Asked Questions

What are today's mortgage rates in Park?

As of today, the 30-year fixed mortgage rate for Park is approximately 7.029% (7.070% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Park?

The median home value in Park is $160k. The median monthly rent is $740. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Park?

Home values in Park have increased 41.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Park?

Based on a typical all-in ownership cost of $761/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Park is $47k/year.

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What industries drive the economy in Park?

The largest employment sectors in Park are retail (27%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.