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City · 32,197 residents · Jessamine County, Kentucky

Nicholasville , Kentucky

In Nicholasville, a typical home is worth $226,800 and typical rent is $1,147 a month. Compared with all of Jessamine County, the typical home value is 15% lower, typical household income is 8% lower, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $226,800

    15% below the county

    10% above Kentucky

    • Nicholasville
    • Jessamine
    • Kentucky

  • Typical rent

    $1,147a month

    2% above the county

    19% above Kentucky

    • Nicholasville
    • Jessamine
    • Kentucky

  • Typical household income

    $68,503a year

    8% below the county

    7% above Kentucky

    • Nicholasville
    • Jessamine
    • Kentucky

  • Households that own their home

    58%

    9 points below the county

    10 points below Kentucky

    • Nicholasville
    • Jessamine
    • Kentucky

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

Market now, with Zillow data

Zillow data
Typical home value
$327,210
2.5% more than 12 months ago
Typical rent
$1,454 a month
4.3% more than 12 months ago

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

Nicholasville is in Jessamine 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 Jessamine County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Nicholasville apart

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

  1. Nearby, in Harrodsburg, the typical home value is $154,200: 32% less than in Nicholasville ($226,800).

  2. Nearby, in Harrodsburg, the typical rent is $790: 31% less than in Nicholasville ($1,147).

  3. The typical home in Nicholasville is worth $226,800, 15% less than in Jessamine County as a whole ($268,100).

  4. 58% of households in Nicholasville own their home, against 67% in Jessamine County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Nicholasville

What homes there are in Nicholasville, 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

In Nicholasville, 7 in 10 homes are single-family detached houses; in Jessamine County, 7.

Year built

In Nicholasville, half of the homes were built before 1993; in Jessamine County, before 1992.

There are fewer big homes in Nicholasville than in Jessamine County: 69% have 3 bedrooms or more, against 75%.

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

The FHA loan limit for Jessamine County is $541,287, and about 97% of owner-occupied homes in Nicholasville are worth less than that.

Monthly rent with utilities

With a mortgage

$1,410 a month

Jessamine County: $1,545 a month

Without a mortgage

$507 a month

Jessamine County: $576 a month

Owners with a mortgage

70%

Jessamine County: 62%

The typical cost for an owner with a mortgage in Nicholasville is $1,410 a month, less than in Jessamine County ($1,545); without one, $507.

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, home values in Nicholasville rose at about the same pace as in Jessamine County: 57% against 56%.

Much as in Jessamine County, the typical rent in Nicholasville rose 45% since 2015–2019.

The typical household income in Nicholasville rose 42% over that time; home values changed +57% and rent +45%.

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

MeasureNicholasvilleJessamine CountyKentuckyUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate2.2%2.0%3.4%
People per household 2.632.672.432.53
Drive alone 81%76%77%69%
Carpool 9%10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 9%11%10%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Jessamine County, a household in Nicholasville has 2.63 people on average.

To get to work, 81% of workers in Nicholasville drive alone; in Jessamine County, 76%.

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 Nicholasville?

A typical home is tight for the typical income

We start with a typical home in Nicholasville, worth $226,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Nicholasville, which is $68,503 a year. For that payment to be 28% of income, a household would need to earn about $78,916 a year.

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

Your numbers

Local data
$

Starts at the typical home value in Nicholasville. 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 $7,938 (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

$1,841

at 7.18% · 30 years

Loan amount
$222,692
Total interest
$320,402
Paid off in
November 2056

Includes $3,830 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,598 a month

  • Tight

    $1,598 to $2,055 a month

    Your payment · 32%

  • Hard

    more than $2,055 a month

Compared with the typical household income in Nicholasville ($68,503 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,841
Principal & interest$1,509
Property tax$138
Home insurance$95
FHA mortgage insurance (MIP)$100

You need at least $7,938 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

Nicholasville and Jessamine County

Nicholasville is in Jessamine 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).

Nicholasville's own numbers

Typical home value
$226,800
Typical monthly rent
$1,147
Typical yearly household income
$68,503
Households that own their home
58%
Effective property tax rate
0.73%

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

Numbers for all of Jessamine County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,416
Price change over 5 years (FHFA)
+57%
Homes in a high flood-risk zone
1.4%

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 Jessamine County.

Everything about Jessamine County

Buying

Buying a home in Nicholasville

A typical home in Nicholasville is worth $226,800: 15% below the county and 10% above Kentucky. With the typical household income in Nicholasville ($68,503 a year), a typical home costs 3.3 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.

  • Nicholasville 3.3 years
  • Jessamine 3.6 years
  • Kentucky 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Jessamine County

According to FHFA’s house price index, home prices in Jessamine County rose 91% in the 10 years through 2025.

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

Period County Kentucky U.S.
Last year (2025) +3.3% +3.9% +2.9%
5 years (2020–2025) +57% +50% +47%
10 years (2015–2025) +91% +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

Nicholasville next to Jessamine 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
  • Nicholasville $226,800
  • Jessamine $268,100
  • Kentucky $205,600
  • United States $332,700
Typical monthly rent
  • Nicholasville $1,147
  • Jessamine $1,124
  • Kentucky $967
  • United States $1,413
Typical yearly household income
  • Nicholasville $68,503
  • Jessamine $74,576
  • Kentucky $63,726
  • United States $80,734
See the full table
Nicholasville next to Jessamine County and Kentucky
Measure Nicholasville Jessamine County Kentucky U.S.
Typical home value $226,800 $268,100 $205,600 $332,700
Typical monthly rent $1,147 $1,124 $967 $1,413
Typical yearly household income $68,503 $74,576 $63,726 $80,734
Households that own their home 58% 67% 68% 65%
Typical yearly property tax $1,660 $1,960 $1,544 $3,119
Effective property tax rate 0.73% 0.73% 0.75% 0.94%
Renters with high rent for their income 44% 41% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Jessamine 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 Nicholasville

For a typical $226,800 home in Nicholasville, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Nicholasville's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,841a month

    Least cash to close
    Down payment
    $7,938
    Cash to close
    $14,742
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $100

  • Conventional, 5% down $1,800a month

    Down payment
    $11,340
    Cash to close
    $18,144
    Rate
    7.18%
    Mortgage insurance
    PMI · $108

  • Conventional, 20% down, no PMI $1,462a month

    Down payment
    $45,360
    Cash to close
    $52,164
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,671a month

    Down payment
    $34,020
    Cash to close
    $40,824
    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 Nicholasville and for Jessamine County.

Property tax

Effective rate in Nicholasville

0.73%of the home’s value each year

$1,660 a year for the typical owner in Nicholasville.

  • Nicholasville 0.73%
  • Jessamine 0.73%
  • 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 Jessamine County

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

Homes in the high-risk zone
1.4%
242
Of those, with NFIP insurance
31%
County Kentucky U.S.
Homes in the high-risk zone 1.4% 3.5% 3.5%
Of those, with NFIP insurance 31% 19% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Nicholasville

Typical rent in Nicholasville is $1,147 a month: 2% above the county. In Nicholasville, 44% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Jessamine County, by unit size. To pay the 2-bedroom one ($1,416 a month) without spending more than 30% of your income, you would need to earn $27.23 an hour working full time.

HUD fair market rent for all of Jessamine 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 $986 $18.96 $39,440
1 bedroom $1,205 $23.17 $48,200
2 bedrooms $1,416 $27.23 $56,640
3 bedrooms $1,948 $37.46 $77,920
4 bedrooms $2,108 $40.54 $84,320

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 Nicholasville

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Nicholasville is in ZIP code 40356.

For 2 bedrooms it is $1,360: $56 less than the fair market rent for Jessamine County ($1,416).

  • 40356 $1,360$1,870

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Nicholasville 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 Nicholasville

HUD lists 10 buildings with rents for lower incomes in Nicholasville. These are the largest.

  • Arbor Place Apts 1 Beauford PL, Nicholasville 40356 86 homes, 70 low-income · In service since 1992
  • Elmwood Apartments 200 Elmwood Ct, Nicholasville 40356 60 homes, 59 low-income · For families (859) 885-4724
  • Staton-Groves 404A E Maple St, Nicholasville 40356 54 low-income homes · Run by Housing Authority of Nicholasville · Average payment: $433 a month · Average wait: 3 months (859) 885-4324
  • Briarwick Apartments Hickory Hill DR., Nicholasville 40356 40 low-income homes · 1 bd: 8 · 2 bd: 28 · 3 bd: 4 · In service since 1991
  • Creekside Senior Apartments N. Second ST., Nicholasville 40356 40 homes, 38 low-income · 1 bd: 31 · 2 bd: 9 · In service since 2005

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

Free help

Help to buy or rent in Nicholasville

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 Jessamine County. The nearest ones are below; many serve by phone or online.

A grandmother smiles, seated at home.

HUD counseling is free or low-cost

Assistance programs in Nicholasville

No down payment, repair or rent-help program on our list is for Nicholasville or Jessamine County. The ones below are statewide in Kentucky: they work in Nicholasville 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 Nicholasville

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

  • Apprisen - Lexington

    3499 Blazer Pkwy, Lexington · 10 miles away

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

  • Reach, Inc.

    733 Red Mile Rd, Lexington · 11 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (859) 455-8057

  • Community Ventures Corporation

    1450 N Broadway, Lexington · 13 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (859) 231-0054

All counseling agencies in Kentucky

Help in Spanish near Nicholasville

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 Nicholasville

HUD’s record names them for Nicholasville or Jessamine County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

All housing agencies in Kentucky Source: HUD

Cities

Other cities in Jessamine County

These cities are also in Jessamine County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Jessamine County Housing in Kentucky

Nearby cities

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

Neighboring counties

If Jessamine 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 Nicholasville.

All guides
A family walks a boardwalk trail in the forest; one of them uses a wheelchair.

Questions

Housing questions about Nicholasville

Short answers with the numbers for Nicholasville and all of Jessamine 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 Nicholasville?

The typical home value in Nicholasville is $226,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Jessamine County it is $268,100.

How much does it cost to rent in Nicholasville?

Typical rent in Nicholasville is $1,147 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Jessamine County is $1,416.

What is the FHA loan limit in Nicholasville?

Nicholasville uses the FHA limit for all of Jessamine 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 Nicholasville?

The typical homeowner in Nicholasville pays $1,660 a year, according to the U.S. Census Bureau. That is 0.73% of the home’s value; in Jessamine County, the rate is 0.73%.

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

We found no HUD-approved counseling agencies with an office in Jessamine 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).