Anderson County, Kentucky Housing Market Prices
Anderson 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 65% below the Kentucky median Cheaper than 82% of counties in Kentucky$41,316
-
Median rent 4% below the Kentucky median More expensive than 83% of counties in Kentucky$927
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Anderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $41,316 | $118,017 | $248,835 |
| Price Trend (Annual %) | 5.1% | 3.8% | 7.5% |
| Median Gross Rent | $927 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Anderson County is about 65% lower than in Kentucky. Rent is about 4% 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 Anderson County, up about 5.1% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Anderson County rose about 28.7% between 2015 and 2024, from $720 to $927. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Anderson County.
Buying the median-priced home in Anderson County costs roughly 3.7 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 Anderson County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Anderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $41,316 | $118,017 | $248,835 |
| Median Household Income | $74,458 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Anderson County fell about 54.9%, while median household income rose about 34.6% 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 | Anderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.6% | 61.3% | 58.5% |
| Rental Rate | 20.9% | 28.4% | 31.2% |
| Vacancy Rate | 6.5% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Anderson County has a homeownership rate of 72.6%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 6.5%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Anderson County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1986 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Anderson County was built around 1986. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Anderson County, KY Housing Compared With Nearby Counties
How Anderson County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Anderson County, KY | 24,353 | $41,316 #3/3 | $927 #3/3 | 77.6% #1/3 |
| Franklin County, KY | 51,842 | $117,377 | $967 | 64.5% |
| Shelby County, KY | 49,096 | $223,863 | $1,033 | 73.9% |
Frequently Asked Questions
Common questions about the housing market in Anderson County, Kentucky.
What is the median home price in Anderson County, Kentucky?
The median home price in Anderson County, Kentucky is $41,316, lower than the Kentucky average of $118,017.
What is the average home price in Anderson County, Kentucky?
The typical home price in Anderson County, Kentucky, reported as the median sale price, is $41,316. 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 Anderson County, Kentucky?
The median gross rent in Anderson County, Kentucky is $927 per month, lower than the Kentucky average of $967.
What was the median gross rent in Anderson County in 2020?
In 2020, the median gross rent in Anderson County, Kentucky was $728 per month.
What is the price-to-rent ratio in Anderson County, Kentucky?
The price-to-rent ratio in Anderson County, Kentucky is about 3.7, meaning it would take roughly 3.7 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 Anderson County.
Are home prices or rent rising faster in Anderson County, Kentucky?
Both home prices and rent are rising in Anderson County, up about 5.1% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Anderson County, Kentucky?
72.6% of households in Anderson County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Anderson County, Kentucky?
The housing vacancy rate in Anderson County, Kentucky is 6.5%, lower 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 →