Bath County, Kentucky Housing Market Prices
Bath 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 160% above the Kentucky median More expensive than 94% of counties in Kentucky$306,579
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Median rent 32% below the Kentucky median Cheaper than 85% of counties in Kentucky$658
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bath County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $306,579 | $118,017 | $248,835 |
| Price Trend (Annual %) | 38.4% | 3.8% | 7.5% |
| Median Gross Rent | $658 | $967 | $1,407 |
| Rent Trend (Annual %) | 1.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bath County is about 160% higher than in Kentucky. Rent is about 32% 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 Bath County, up about 38.4% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Bath County rose about 12.0% between 2015 and 2024, from $588 to $658. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Bath County.
Buying the median-priced home in Bath County costs roughly 38.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bath County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Bath County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $306,579 | $118,017 | $248,835 |
| Median Household Income | $55,179 | $64,312 | $80,455 |
| Price-to-Income Ratio | 5.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bath County rose about 363.4%, while median household income rose about 75.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Bath County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 61.3% | 58.5% |
| Rental Rate | 21.6% | 28.4% | 31.2% |
| Vacancy Rate | 14.6% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Bath County has a homeownership rate of 63.8%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 14.6%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Bath County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1990 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Bath County was built around 1990. On average, 2.7 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Bath County, KY Housing Compared With Nearby Counties
Bath County, KY is the 3rd largest of the 4 counties compared here, 12,851 residents against a local median of 15,323. The measure that sets Bath County, KY apart most is median home price: $306,579, 123% above the local median of $137,665.
The counties themselves spread $225,268 on median home price, so Bath County, KY sits at one end of an already wide local range rather than apart from it. Bath County, KY has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bath County, KY | 12,851 | $306,579 #2/4 | $658 #4/4 | 74.7% #3/4 |
| Montgomery County, KY | 28,394 | $137,665 | $830 | 68.3% |
| Fleming County, KY | 15,323 | $355,557 | $715 | 74.8% |
| Menifee County, KY | 6,230 | $130,288 | $674 | 75.5% |
Frequently Asked Questions
Common questions about the housing market in Bath County, Kentucky.
What is the median home price in Bath County, Kentucky?
The median home price in Bath County, Kentucky is $306,579, higher than the Kentucky average of $118,017.
What is the average home price in Bath County, Kentucky?
The typical home price in Bath County, Kentucky, reported as the median sale price, is $306,579. 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 Bath County, Kentucky?
The median gross rent in Bath County, Kentucky is $658 per month, lower than the Kentucky average of $967.
What was the median gross rent in Bath County in 2020?
In 2020, the median gross rent in Bath County, Kentucky was $495 per month.
What is the price-to-rent ratio in Bath County, Kentucky?
The price-to-rent ratio in Bath County, Kentucky is about 38.8, meaning it would take roughly 38.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Bath County.
Are home prices or rent rising faster in Bath County, Kentucky?
Both home prices and rent are rising in Bath County, up about 38.4% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bath County, Kentucky?
63.8% of households in Bath County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Bath County, Kentucky?
The housing vacancy rate in Bath County, Kentucky is 14.6%, higher than the Kentucky average of 10.3%.
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