Allen County, Kentucky Housing Market Prices
Allen County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
-
Median home price 21% above the Kentucky median$142,646
-
Median rent 13% below the Kentucky median More expensive than 71% of counties in Kentucky$844
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Allen County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,646 | $118,017 | $248,835 |
| Price Trend (Annual %) | 1.8% | 3.8% | 7.5% |
| Median Gross Rent | $844 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Allen County is about 21% higher than in Kentucky. Rent is about 13% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Allen County, up about 1.8% and 4.4% a year respectively. Rent is changing faster.
Median rent in Allen County rose about 43.7% between 2015 and 2024, from $587 to $844. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Allen County.
Buying the median-priced home in Allen County costs roughly 14.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Allen County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Allen County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,646 | $118,017 | $248,835 |
| Median Household Income | $61,460 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Allen County rose about 5.2%, while median household income rose about 65.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Allen County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.5% | 61.3% | 58.5% |
| Rental Rate | 22.1% | 28.4% | 31.2% |
| Vacancy Rate | 13.4% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Allen County has a homeownership rate of 64.5%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 13.4%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Allen County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1989 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Allen County was built around 1989. On average, 2.6 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Allen County, KY Housing Compared With Nearby Counties
Allen County, KY is the smallest of the 5 counties compared here, 21,293 residents against a local median of 92,927. Where Allen County, KY breaks from the counties next to it is median home price, sitting 44% below the local median of $256,842 at $142,646.
The counties themselves spread $212,395 on median home price, so Allen County, KY sits at one end of an already wide local range rather than apart from it. Allen County, KY has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Allen County, KY | 21,293 | $142,646 #4/5 | $844 #4/5 | 74.5% #1/5 |
| Macon County, TN | 26,240 | $282,916 | $846 | 73.6% |
| Barren County, KY | 44,937 | $230,769 | $795 | 65.2% |
| Warren County, KY | 140,918 | $126,288 | $1,002 | 55.6% |
| Sumner County, TN | 204,441 | $338,684 | $1,423 | 72.0% |
Frequently Asked Questions
Common questions about the housing market in Allen County, Kentucky.
What is the median home price in Allen County, Kentucky?
The median home price in Allen County, Kentucky is $142,646, higher than the Kentucky average of $118,017.
What is the average home price in Allen County, Kentucky?
The typical home price in Allen County, Kentucky, reported as the median sale price, is $142,646. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Allen County, Kentucky?
The median gross rent in Allen County, Kentucky is $844 per month, lower than the Kentucky average of $967.
What was the median gross rent in Allen County in 2020?
In 2020, the median gross rent in Allen County, Kentucky was $679 per month.
What is the price-to-rent ratio in Allen County, Kentucky?
The price-to-rent ratio in Allen County, Kentucky is about 14.1, meaning it would take roughly 14.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Allen County.
Are home prices or rent rising faster in Allen County, Kentucky?
Both home prices and rent are rising in Allen County, up about 1.8% and 4.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Allen County, Kentucky?
64.5% of households in Allen County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Allen County, Kentucky?
The housing vacancy rate in Allen County, Kentucky is 13.4%, higher than the Kentucky average of 10.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →