Madisonville, KY Foreclosed Homes & Properties

Foreclosure Homes for Sale in Madisonville, KY: What You Need to Know

There are 7,627 housing units in Madisonville. 40.9% of home prices fall between $116,001 - $233,000, 31.5% of homes are between $58,001 - $116,000, and 14% are $58,000 and below. The median home value is $146,170, with an appreciation rate of 4.30% in the last 12 months. The average monthly rental price is $987. 55.4% of housing is owner-occupied, while 44.6% is rented. 

Most homes were built between 1970 and 1999 (44.6%), 34.6% were constructed between 1940-1969, and only 8.2% have been built in 2000 and later. The most common type of home is single-family detached units, which make up 73.2% of available homes, followed by small apartment buildings (11.2%), apartment complexes (9.4%), mobile homes (4.5%), and townhomes (1.7%).  

Schools and Higher Education 

Hopkins County Public Schools is an above-average school district serving 6,749 students in the area. The student to teacher ratio is 16 to 1. Although there are many private schools in Madisonville, the top three are Christ The King Catholic School, Grace Baptist School, and Pennyrile Christian Academy. The average tuition for private schools is between $6,169 - $7,821 per school year.  

The closest college is the Madisonville Community College, and it’s one of 16 two-year, open-admissions colleges of the Kentucky Community and Technical College System.  

Shopping Local 

Parkway Plaza Mall and the Madison Square Shopping Center are home to a variety of retailers, restaurants, and entertainment venues, including Carmike Capitol 8 Cinemas. The Madisonville Market Place is a local favorite grocery store where you can get fresh foods from local farms. Madisonville does not have big retail chains such as Costco and Sams Club to do large-scale bulk groceries. While there is a local Walmart store, Target is only found in neighboring towns. 

A few local favorite restaurants to visit are Country Cupboard, The Crowded House, and Dos Copas Mexican Grill.  

Weather and Climate 

The climate in Madisonville is classified as humid subtropical with an average annual temperature is 57.7°F. The overall environment is warm and temperate, with significant rainfall. July is the warmest month of the year, and the average high temperature is 77.9 °F. The coldest month is January, with average lows of 33.1°F. The annual accumulation of rain is 47.4 inches on average. Snow accumulation is a median of 7.8 inches per year, usually snowing the most in January.