Ballard County, Kentucky Housing Market Prices
Ballard 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.
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Median home price 62% below the Kentucky median Cheaper than 78% of counties in Kentucky$45,000
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Median rent 15% below the Kentucky median$817
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ballard County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $45,000 | $118,017 | $248,835 |
| Price Trend (Annual %) | 23.1% | 3.8% | 7.5% |
| Median Gross Rent | $817 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.7% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ballard County is about 62% lower than in Kentucky. Rent is about 15% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Ballard County, up about 23.1% and 3.7% a year respectively. Home prices are changing faster.
Median rent in Ballard County rose about 33.9% between 2015 and 2024, from $610 to $817. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Ballard County.
Buying the median-priced home in Ballard County costs roughly 4.6 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 Ballard County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Ballard County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $45,000 | $118,017 | $248,835 |
| Median Household Income | $65,499 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ballard County fell about 27.1%, while median household income rose about 45.8% 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 | Ballard County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.9% | 61.3% | 58.5% |
| Rental Rate | 20.8% | 28.4% | 31.2% |
| Vacancy Rate | 13.3% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Ballard County has a homeownership rate of 65.9%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 13.3%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Ballard County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1981 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Ballard County was built around 1981. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Ballard County, KY Housing Compared With Nearby Counties
How Ballard County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ballard County, KY | 7,652 | $45,000 #2/3 | $817 #2/3 | 76.0% #2/3 |
| McCracken County, KY | 67,525 | $23,192 | $897 | 68.9% |
| Massac County, IL | 13,864 | $201,449 | $756 | 76.4% |
Frequently Asked Questions
Common questions about the housing market in Ballard County, Kentucky.
What is the median home price in Ballard County, Kentucky?
The median home price in Ballard County, Kentucky is $45,000, lower than the Kentucky average of $118,017.
What is the average home price in Ballard County, Kentucky?
The typical home price in Ballard County, Kentucky, reported as the median sale price, is $45,000. 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 Ballard County, Kentucky?
The median gross rent in Ballard County, Kentucky is $817 per month, lower than the Kentucky average of $967.
What was the median gross rent in Ballard County in 2020?
In 2020, the median gross rent in Ballard County, Kentucky was $659 per month.
What is the price-to-rent ratio in Ballard County, Kentucky?
The price-to-rent ratio in Ballard County, Kentucky is about 4.6, meaning it would take roughly 4.6 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 Ballard County.
Are home prices or rent rising faster in Ballard County, Kentucky?
Both home prices and rent are rising in Ballard County, up about 23.1% and 3.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ballard County, Kentucky?
65.9% of households in Ballard County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Ballard County, Kentucky?
The housing vacancy rate in Ballard County, Kentucky is 13.3%, higher than the Kentucky average of 10.3%.
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