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City · 7,269 residents · Greenup County, Kentucky

Flatwoods , Kentucky

In Flatwoods, a typical home is worth $114,600 and typical rent is $940 a month. Compared with all of Greenup County, the typical home value is 14% lower, typical rent is 9% higher, and the share of households that own their home is 5 points lower.

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  • Typical home value

    $114,600

    14% below the county

    44% below Kentucky

    • Flatwoods
    • Greenup
    • Kentucky

  • Typical rent

    $940a month

    9% above the county

    3% below Kentucky

    • Flatwoods
    • Greenup
    • Kentucky

  • Typical household income

    $59,972a year

    About the same as the county

    6% below Kentucky

    • Flatwoods
    • Greenup
    • Kentucky

  • Households that own their home

    75%

    5 points below the county

    7 points above Kentucky

    • Flatwoods
    • Greenup
    • Kentucky

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$152,968
5.8% more than 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Flatwoods is in Greenup County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Greenup County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Flatwoods apart

What this place has that others do not, from public data, most unusual first.

  1. Flatwoods has the 4th lowest typical home value of the 83 cities in Kentucky with more than 5,000 people ($114,600).

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Flatwoods rose 5.8%; in Kentucky, it barely changed.

  3. Nearby, in Maysville, the typical rent is $699: 26% less than in Flatwoods ($940).

  4. 75% of households in Flatwoods own their home, against 80% in Greenup County.

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Flatwoods

What homes there are in Flatwoods, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

As in Greenup County, most homes in Flatwoods are detached houses (79%).

Year built

In Flatwoods, half of the homes were built before 1975; in Greenup County, before 1975.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,179 a month

Greenup County: $1,186 a month

Without a mortgage

$519 a month

Greenup County: $483 a month

Owners with a mortgage

51%

Greenup County: 47%

In Flatwoods, 51% of owners have a mortgage; their typical cost is $1,179 a month, about the same as in Greenup County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Flatwoods rose 25%; in Greenup County, it rose 15%.

Since 2015–2019, the typical rent in Flatwoods rose 18%, less than in Greenup County (22%).

The typical household income in Flatwoods rose 22% over that time; home values changed +25% and rent +18%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFlatwoodsGreenup CountyKentuckyUnited States
Rental vacancy Unreliable estimate10.2%4.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimateUnreliable estimate2.0%3.4%
People per household 2.492.382.432.53
Drive alone 71%82%77%69%
Carpool 16%10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home Unreliable estimate5%10%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Greenup County, a household in Flatwoods has 2.49 people on average.

More people carpool to work in Flatwoods than in Greenup County: 16% against 10%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Flatwoods?

A typical home is within reach of the typical income

We start with a typical home in Flatwoods, worth $114,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 19% of the typical household income in Flatwoods, which is $59,972 a year.

The calculator's FHA and conventional loan limits are those of all of Greenup County.

Your numbers

Local data
$

Starts at the typical home value in Flatwoods. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,011 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$951

at 7.18% · 30 years

Loan amount
$112,524
Total interest
$161,896
Paid off in
November 2056

Includes $1,935 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,399 a month

    Your payment · 19%

  • Tight

    $1,399 to $1,799 a month

  • Hard

    more than $1,799 a month

Compared with the typical household income in Flatwoods ($59,972 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$951
Principal & interest$762
Property tax$91
Home insurance$48
FHA mortgage insurance (MIP)$51

You need at least $4,011 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Flatwoods and Greenup County

Flatwoods is in Greenup County, Kentucky. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Flatwoods's own numbers

Typical home value
$114,600
Typical monthly rent
$940
Typical yearly household income
$59,972
Households that own their home
75%
Effective property tax rate
0.95%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Greenup County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,006
Price change over 5 years (FHFA)
+38%
Homes in a high flood-risk zone
9.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Greenup County.

Everything about Greenup County

Buying

Buying a home in Flatwoods

A typical home in Flatwoods is worth $114,600: 14% below the county and 44% below Kentucky. With the typical household income in Flatwoods ($59,972 a year), a typical home costs 1.9 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Flatwoods 1.9 years
  • Greenup 2.2 years
  • Kentucky 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Greenup County

According to FHFA’s house price index, home prices in Greenup County rose 46% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Greenup County.

Period County Kentucky U.S.
Last year (2025) +1.8% +3.9% +2.9%
5 years (2020–2025) +38% +50% +47%
10 years (2015–2025) +46% +84% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Flatwoods next to Greenup County, Kentucky and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Flatwoods $114,600
  • Greenup $134,000
  • Kentucky $205,600
  • United States $332,700
Typical monthly rent
  • Flatwoods $940
  • Greenup $860
  • Kentucky $967
  • United States $1,413
Typical yearly household income
  • Flatwoods $59,972
  • Greenup $60,751
  • Kentucky $63,726
  • United States $80,734
See the full table
Flatwoods next to Greenup County and Kentucky
Measure Flatwoods Greenup County Kentucky U.S.
Typical home value $114,600 $134,000 $205,600 $332,700
Typical monthly rent $940 $860 $967 $1,413
Typical yearly household income $59,972 $60,751 $63,726 $80,734
Households that own their home 75% 80% 68% 65%
Typical yearly property tax $1,083 $1,171 $1,544 $3,119
Effective property tax rate 0.95% 0.87% 0.75% 0.94%
Renters with high rent for their income 47% 44% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Greenup County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Flatwoods

For a typical $114,600 home in Flatwoods, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Flatwoods's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $951a month

    Least cash to close
    Down payment
    $4,011
    Cash to close
    $7,449
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $51

  • Conventional, 5% down $930a month

    Down payment
    $5,730
    Cash to close
    $9,168
    Rate
    7.18%
    Mortgage insurance
    PMI · $54

  • Conventional, 20% down, no PMI $760a month

    Down payment
    $22,920
    Cash to close
    $26,358
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $865a month

    Down payment
    $17,190
    Cash to close
    $20,628
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Flatwoods and for Greenup County.

Property tax

Effective rate in Flatwoods

0.95%of the home’s value each year

$1,083 a year for the typical owner in Flatwoods.

  • Flatwoods 0.95%
  • Greenup 0.87%
  • Kentucky 0.75%

What Kentucky publishes Homestead exemption for owners 65 or older or totally disabled (Kentucky Department of Revenue)

Exemptions and deadlines in Kentucky

Flood risk in Greenup County

FEMA does not publish these numbers by city: they are for all of Greenup County.

Homes in the high-risk zone
9.3%
1,424
Of those, with NFIP insurance
21%
County Kentucky U.S.
Homes in the high-risk zone 9.3% 3.5% 3.5%
Of those, with NFIP insurance 21% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Flatwoods

Typical rent in Flatwoods is $940 a month: 9% above the county. In Flatwoods, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Greenup County, by unit size. To pay the 2-bedroom one ($1,006 a month) without spending more than 30% of your income, you would need to earn $19.35 an hour working full time.

HUD fair market rent for all of Greenup County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $858 $16.50 $34,320
1 bedroom $864 $16.62 $34,560
2 bedrooms $1,006 $19.35 $40,240
3 bedrooms $1,287 $24.75 $51,480
4 bedrooms $1,393 $26.79 $55,720

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Flatwoods

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Flatwoods is in ZIP code 41139.

For 2 bedrooms it is $1,040: $34 more than the fair market rent for Greenup County ($1,006).

  • 41139 $1,040$1,330

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Flatwoods when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Flatwoods

HUD lists 3 buildings with rents for lower incomes in Flatwoods. These are the largest.

  • Pleasant View Apartments, Inc. 2719 Fields Ave, Flatwoods 41139 40 low-income homes · For families (606) 836-3857
  • Bay Berry Townhomes East ST., Flatwoods 41139 32 low-income homes · 2 bd: 24 · 3 bd: 8 · In service since 1999
  • Brentwood Apartments III Clay ST., Flatwoods 41139 16 low-income homes · 1 bd: 4 · 2 bd: 12 · In service since 1997

See all 10 buildings in Greenup County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Flatwoods

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Greenup County. The nearest ones are below; many serve by phone or online.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Flatwoods

No down payment, repair or rent-help program on our list is for Flatwoods or Greenup County. The ones below are statewide in Kentucky: they work in Flatwoods the same as in the rest of the state.

Which programs do I qualify for? All programs in Kentucky

  • KHC Down Payment Assistance (DPA)

    Statewide in Kentucky

    Kentucky state corporation loan of up to $12,500 for the down payment and closing costs, repaid over 15 years as a second loan, for buyers who take a KHC mortgage. Offered by Kentucky Housing Corporation (KHC).

    Repayable

    See the program Official page

Housing counselors near Flatwoods

The HUD-approved agencies closest to the center of Flatwoods, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Frontier Housing , Inc.

    259 Old Flemingsburg Rd, Morehead · 46 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (606) 784-2131

  • Appalachian Research and Defense Fund of Kentucky

    120 N Front Ave, Prestonsburg · 59 miles away · Spanish

    • Mortgage delinquency and default
    • Homelessness services
    • and 2 more
    (866) 277-5733

  • Apprisen - Lexington

    3499 Blazer Pkwy, Lexington · 100 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (800) 355-2227

All counseling agencies in Kentucky

Help in Spanish near Flatwoods

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Flatwoods

In HUD’s record, no housing authority with an office in Greenup County is named for Flatwoods or Greenup County.

One other authority has an office in Greenup County: see the list Source: HUD

Cities

Nearby cities

The cities closest to Flatwoods, with the typical home value.

Everything about Greenup County Housing in Kentucky

Neighboring counties

If Greenup County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Flatwoods.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Flatwoods

Short answers with the numbers for Flatwoods and all of Greenup County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Flatwoods?

The typical home value in Flatwoods is $114,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Greenup County it is $134,000.

How much does it cost to rent in Flatwoods?

Typical rent in Flatwoods is $940 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Greenup County is $1,006.

What is the FHA loan limit in Flatwoods?

Flatwoods uses the FHA limit for all of Greenup County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Flatwoods?

The typical homeowner in Flatwoods pays $1,083 a year, according to the U.S. Census Bureau. That is 0.95% of the home’s value; in Greenup County, the rate is 0.87%.

Where can I find free help to buy or rent in Flatwoods?

We found no HUD-approved counseling agencies with an office in Greenup County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).