Why Live in Madisonville
Madisonville, Kentucky, a small city with a population of 19,300, offers a suburban lifestyle with essential services. It has evolved from a rail hub and coal mining town into a retail center conveniently located off Interstate 69. The city is home to Baptist Health Deaconess, a major employer with a comprehensive hospital facility, including critical care and cardiac centers. Employment opportunities also exist within the school district and local retail sector. Housing options in Madisonville include early 20th-century Victorian-era houses, American Craftsman bungalows, and mid-century ranch styles, with prices ranging from $90,000 to $650,000. Severe weather events, such as tornadoes and ice storms, have historically impacted the area. Outdoor recreation is abundant, with several public parks featuring dog parks, playgrounds, and fishing lakes. The Mahr Park Arboretum offers miles of walking trails and access to Lake Peewee. Dining and retail options are available on Main Street and Center Street, with fast-food franchises, coffee shops, and local Mexican eateries. The Glema Mahr Center for the Arts provides cultural enrichment through music and theater, while Madisonville Community College offers various classes. Residents rely on cars for transportation, with Interstate 69 facilitating travel to nearby cities. Madisonville's crime rates are lower than state and national averages, contributing to a safer living environment.
Home Trends in Madisonville, KY
On average, homes in Madisonville, KY sell after 45 days on the market compared to the national average of 70 days. The median sale price for homes in Madisonville, KY over the last 12 months is $229,900, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$229,900
Median Single Family Sale Price
$259,000
Average Price Per Sq Ft
$139
Number of Homes for Sale
7
Last 12 months Home Sales
140
Median List Price
$249,950
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
15%