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Olive Hill

Olive Hill

Located in Carter County

$138,072 Average Value
$109 Average Price per Sq Ft
11 Homes For Sale

Olive Hill is a small town surrounded by hills and state parks

Olive Hill’s somewhat remote location in the hilly Kentucky countryside attracts nature lovers and those looking for open space. “The majority of buyers are looking for country acreage and privacy,” says JD Rayburn, a real estate agent and co-owner of Scenic Hills Realty who grew up in the area. However, the rural character allows for lower taxes than cities with more infrastructure. “Carter County has some of the lowest property taxes in Kentucky,” Rayburn says. The small town, centered on U.S. Route 60, is supported by local businesses and community organizations like the Olive Hill Center for the Arts & Heritage. The surrounding region is home to several state parks, which provide space for things like camping and fishing.

Mostly ranch-style homes with opportunities for acreage

Ranch-style homes and cottages mostly date to the mid- to late-1900s, typically featuring minimalist vinyl siding and spacious grassy lots, though some custom properties have rustic wood or stone exteriors. Near the town’s core, parcels start at a quarter-acre, while homes with multiacre lots and small hobby farms are farther out in the forested countryside. Home prices often depend on lot size and the home’s condition, ranging from $50,000 to $420,000. Since this is a more remote area, homebuyers are encouraged to check for things like internet connectivity before finalizing. “About 98% of homes have internet, but you’ll want to make sure before you purchase,” Rayburn says. “Ninety-eight percent are also on city water, which is nice.”
Low-lying areas and homes along creeks may be at risk of flooding during heavy rainfall, and highly forested land around the community’s outskirts may be at higher risk of wildfires. Some mortgage lenders may require insurance for at-risk properties, and the Olive Hill Fire Department serves the community.

Playgrounds and a pool in town, state parks in the wider region

Olive Hill City Park has playground equipment and a swingset next to the Olive Hill City Pool, which operates in the summer and includes a splash pad. American Legion Post 138 Park is a point of pride for many residents, featuring a veteran’s memorial honoring those lost in the Vietnam War. Less than 10 miles away, locals can visit Carter Caves State Resort Park to explore the Horn Hollow Cave System or see one of the park's other geological formations. The park is also popular among birdwatchers and hikers, and anglers can fish in Smoky Valley Lake. Grayson Lake State Park, about 20 miles away, is a hub for boating and camping, and also includes the 18-hole Hidden Cove Golf Course, which is open to the public.

Several local public schools score a B-minus from Niche

Olive Hill Elementary, West Carter Middle and West Carter High all earn a B-minus from Niche. Starting in middle school, students can join seasonal sports teams, including archery, cross country and football. West Carter High offers agriculture, construction and welding pathways, as well as after-school programs like Future Farmers of America and mock trial.

Restaurants and shops are found along the highway

Restaurants and local businesses are found along Route 60, including casual spots like Tyler’s Pizza. Walker’s Restaurant is a mainstay in the community, serving classic American fare and comfort food. Locals can shop for groceries at Save A Lot.

Close to Route 60 and Interstate 64

Olive Hill is located on Route 60, about 15 miles from Grayson, 20 miles from Morehead and 40 miles from Ashland. Interstate 64 borders Olive Hill on the north side, leading about 85 miles to Lexington. University of Kentucky Saint Claire is the nearest hospital, about 20 miles away. Blue Grass Airport is about 90 miles away in Lexington.

The annual Shriners Bluegrass Festival is held in June

The Carter County Shrine Club, a local nonprofit and social group, organizes the annual Shriners Bluegrass Festival every June. The music festival spans three days with various bluegrass musicians and food vendors. Attendees also have the option to rent a camping plot to stay overnight. Olive Hill Center for the Arts & Heritage puts on community theatre productions and art classes.

Andi Sink
Written By
Andi Sink

Interested in learning more about homes in this area? Reach out to Randy Newsome, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Olive Hill Housing Trends

Housing Trends

Median List Price
$167,450
Median Sale Price
$159,900
Median Single Family Sale Price
$165,950
Median Change From 1st List Price
7%
Last 12 months Home Sales
17
Median Home Sale Price YoY Change
79%
Average Price Per Sq Ft
$109

Area Facts

Number of Homes in Neighborhood
379
Number of Homes for Sale
11
Median Year Built
1960
Months of Supply
7.80
Average Single Family Home Size Sq Ft
1,522
Significantly below the national average
1,924
Median Lot Size Sq Ft
18,295

Homes for Sale

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Olive Hill Has More Owners

Demographics

Total Population
1,335
Median Age
44
Population under 18
23.4%
On par with the national average
23.8%
Population over 65
23%
On par with the national average
19.1%

Finances

Median Household Income
$40,694
Significantly below the national average
$71,702
Average Household Income
$53,763

Education and Workforce

High School Graduates
80.7%
College Graduates
11.1%
Below the national average
34.1%
Advanced Degrees
6%
% Population in Labor Force
44.7%
Below the national average
65.1%

Weather

Annual Precipitation
47''
Average Winter Low Temperature
23°F
Average Summer High Temperature
85°F
Annual Snowfall
9''

Area Factors

Somewhat Bikeable

Bike Score®®

28 / 100

Car-Dependent

Walk Score®®

23 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Olive Hill