In London, a typical home is worth $170,200 and typical rent is $815 a month. Compared with all of Laurel County, typical household income is 18% lower, the typical home value is 7% higher, and the share of households that own their home is 24 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $149,548 to $185,459.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
London is in Laurel 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 Laurel County. See the county
What this place has that others do not, from public data, most unusual first.
1
47% of households in London own their home, against 72% in Laurel County.
2
Nearby, in Middlesborough, the typical home value is $99,900: 41% less than in London ($170,200).
3
Nearby, in Middlesborough, the typical rent is $598: 27% less than in London ($815).
4
The typical household income in London is $47,591,18% less than in Laurel County as a whole ($57,771).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in London
What homes there are in London, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
London
Laurel County
Kentucky
United States
Kind of home: London and its comparisons
Measure
London
Laurel County
Kentucky
United States
Detached house
51%
61%
68%
61%
Attached house
Unreliable estimate
Unreliable estimate
3%
6%
Building of 2 to 4
25%
7%
7%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
12%
19%
Mobile home
6%
26%
11%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In London, 5 in 10 homes are single-family detached houses; in Laurel County, 6.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
London
Laurel County
Kentucky
United States
Year built: London and its comparisons
Measure
London
Laurel County
Kentucky
United States
Before 1960
16%
10%
22%
26%
1960–1979
26%
21%
26%
24%
1980–1999
42%
37%
28%
25%
2000–2009
9%
17%
15%
14%
2010 or later
Unreliable estimate
15%
11%
11%
In London, half of the homes were built before 1983; in Laurel County, before 1992.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K19%
$100K–$200K42%
$200K–$300K21%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: London and its comparisons
Measure
London
Under $100K
19%
$100K–$200K
42%
$200K–$300K
21%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99980%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: London and its comparisons
Measure
London
Under $500
Unreliable estimate
$500–$999
80%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
With a mortgage
$1,363 a month
Laurel County: $1,239 a month
Without a mortgage
$439 a month
Laurel County: $382 a month
Owners with a mortgage
54%
Laurel County: 49%
In London, 54% of owners have a mortgage, and their typical cost is $1,363 a month, against $1,239 in Laurel County. Without one it drops to $439.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
London+40%
Laurel County+42%
Kentucky+46%
United States+53%
Typical rent
London+28%
Laurel County+25%
Kentucky+27%
United States+33%
Typical household income
LondonNo clear change
Laurel County+39%
Kentucky+26%
United States+29%
Change since 2015–2019: London and its comparisons
Measure
London
Laurel County
Kentucky
United States
Typical home value
+40%
+42%
+46%
+53%
Typical rent
+28%
+25%
+27%
+33%
Typical household income
No clear change
+39%
+26%
+29%
Much as in Laurel County, the typical home value in London rose 40% since 2015–2019.
Rents in London rose faster than in Laurel County: 28% since 2015–2019, against 25%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: London and its comparisons
Measure
London
Laurel County
Kentucky
United States
Rental vacancy
Unreliable estimate
8.7%
4.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
2.6%
2.0%
3.4%
People per household
2.19
2.57
2.43
2.53
Drive alone
68%
76%
77%
69%
Carpool
13%
13%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
Unreliable estimate
9%
10%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.19 on average, against 2.57 in Laurel County.
In London, 68% of workers drive alone to work; in Laurel County, 76%.
Do the math
What would you pay each month for a home in London?
A typical home is tight for the typical income
We start with a typical home in London, worth $170,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 35% of the typical household income in London, which is $47,591 a year. For that payment to be 28% of income, a household would need to earn about $58,857 a year.
The calculator's FHA and conventional loan limits are those of all of Laurel County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in London. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,957 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,373
at 7.18% · 30 years
Loan amount
$167,117
Total interest
$240,443
Paid off in
November 2056
Includes $2,874 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,110 a month
Tight
$1,110 to $1,428 a month
Your payment · 35%
Hard
more than $1,428 a month
Compared with the typical household income in London ($47,591 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,132
Property tax
$95
Home insurance
$71
FHA mortgage insurance (MIP)
$75
You need at least $5,957 for the down payment, plus closing costs.
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.
Total monthly payment $1,373; principal and interest $1,132.
The city and its county
London and Laurel County
London is in Laurel 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).
London
Map of Laurel County, Kentucky, with London marked. Around it, the neighboring counties.
London
Laurel County
Other cities with a page
London's own numbers
Typical home value
$170,200
Typical monthly rent
$815
Typical yearly household income
$47,591
Households that own their home
47%
Effective property tax rate
0.67%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Laurel County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$943
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
0.8%
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 Laurel County.
A typical home in London is worth $170,200: 7% above the county and 17% below Kentucky. With the typical household income in London ($47,591 a year), a typical home costs 3.6 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.
London3.6 years
Laurel2.8 years
Kentucky3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Laurel County
According to FHFA’s house price index, home prices in Laurel County rose 73% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Laurel County.
Yearly change in FHFA’s price index in Laurel County, 2016 to 2025
2016: +2.5% +2.5% 2016
2017: +2.6% +2.6% 2017
2018: +2.5% +2.5% 2018
2019: +2.9% +2.9% 2019
2020: +4.6% +4.6% 2020
2021: +12.1% +12.1% 2021
2022: +18.2% +18.2% 2022
2023: +2.6% +2.6% 2023
2024: +6.1% +6.1% 2024
2025: +3.6% +3.6% 2025
Change in FHFA’s price index in Laurel County, Kentucky and the United States
Period
County
Kentucky
U.S.
Last year (2025)
+3.6%
+3.9%
+2.9%
5 years (2020–2025)
+49%
+50%
+47%
10 years (2015–2025)
+73%
+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
London next to Laurel 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
London$170,200
Laurel$159,500
Kentucky$205,600
United States$332,700
Typical monthly rent
London$815
Laurel$813
Kentucky$967
United States$1,413
Typical yearly household income
London$47,591
Laurel$57,771
Kentucky$63,726
United States$80,734
See the full table
London next to Laurel County and Kentucky
Measure
London
Laurel County
Kentucky
U.S.
Typical home value
$170,200 ▲7% above the county
$159,500
$205,600
$332,700
Typical monthly rent
$815
$813
$967
$1,413
Typical yearly household income
$47,591 ▼18% below the county
$57,771
$63,726
$80,734
Households that own their home
47% ▼24 points below the county
72%
68%
65%
Typical yearly property tax
$1,138 ▲26% above the county
$906
$1,544
$3,119
Effective property tax rate
0.67% ▲0.1 points above the county
0.57%
0.75%
0.94%
Renters with high rent for their income
37% ▼4 points below the county
41%
45%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Laurel 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 London
For a typical $170,200 home in London, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, London's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,373a month
Least cash to close
Down payment
$5,957
Cash to close
$11,063
Rate
7.18%
Mortgage insurance
FHA MIP · $75
Conventional, 5% down$1,342a month
Down payment
$8,510
Cash to close
$13,616
Rate
7.18%
Mortgage insurance
PMI · $81
Conventional, 20% down, no PMI$1,088a month
Down payment
$34,040
Cash to close
$39,146
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,246a month
Down payment
$25,530
Cash to close
$30,636
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in London
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,373
$5,957
$167,117
7.18%
FHA MIP · $75
$11,063
580
Conventional, 5% down
$1,342
$8,510
$161,690
7.18%
PMI · $81
$13,616
620*
Conventional, 20% down, no PMI
$1,088
$34,040
$136,160
7.18%
None
$39,146
620*
ITIN, 15% down (example)
$1,246
$25,530
$144,670
8.18%
None
$30,636
Set by the lender
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.
Typical rent in London is $815 a month: about the same as the county. In London, 37% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Laurel County, by unit size. To pay the 2-bedroom one ($943 a month) without spending more than 30% of your income, you would need to earn $18.13 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Laurel County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$674
$12.96
$26,960
1 bedroom
$749
$14.40
$29,960
2 bedrooms
$943
$18.13
$37,720
3 bedrooms
$1,124
$21.62
$44,960
4 bedrooms
$1,315
$25.29
$52,600
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 London
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). London has 2 ZIP codes with their own.
For 2 bedrooms it is $970 in all of them.
2 of the 2 are above the fair market rent for Laurel County ($943).
Fair market rent by ZIP code and size in London, fiscal year 2027.
40741
$690
$770
$970
$1,160
$1,350
40744
$690
$770
$970
$1,160
$1,350
ZIP code2 bd3 bd
40741 $970$1,160
40744 $970$1,160
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for London 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 15 buildings with rents for lower incomes in London. These are the largest.
House Manor & Pinehill A514 W 16th St, London 40741134 low-income homes · Run by Housing Authority of London · Average payment: $415 a month · Average wait: 8 months · Homes at several sites(606) 864-5474
Wildwood Apartments1001 Wildwood Apartment, London 4074481 low-income homes · For families(606) 878-6662
Carnaby Square Apartments825 S Main St, London 4074150 low-income homes · For older adults(606) 878-6666
Betty Jane ApartmentsLittle RD., London 4074148 low-income homes · 1 bd: 18 · 2 bd: 20 · 3 bd: 10 · In service since 1999
Laurel PlaceWest Carter RD., London 4074146 low-income homes · 1 bd: 8 · 2 bd: 34 · 3 bd: 4 · In service since 2012 · For families
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 Laurel County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for London or Laurel County. The ones below are statewide in Kentucky: they work in London the same as in the rest of the state.
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).
No legal help resource on our list is for London or Laurel County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for London and all of Laurel 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 London?
The typical home value in London is $170,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Laurel County it is $159,500.
How much does it cost to rent in London?
Typical rent in London is $815 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Laurel County is $943.
What is the FHA loan limit in London?
London uses the FHA limit for all of Laurel 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 London?
The typical homeowner in London pays $1,138 a year, according to the U.S. Census Bureau. That is 0.67% of the home’s value; in Laurel County, the rate is 0.57%.
Where can I find free help to buy or rent in London?
We found no HUD-approved counseling agencies with an office in Laurel County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
