Boyd County, Kentucky Housing Market Prices
Boyd 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 6% below the Kentucky median$110,938
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Median rent 12% below the Kentucky median More expensive than 71% of counties in Kentucky$849
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Boyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,938 | $118,017 | $248,835 |
| Price Trend (Annual %) | 8.1% | 3.8% | 7.5% |
| Median Gross Rent | $849 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Boyd County is about 6% lower than in Kentucky. Rent is about 12% 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 Boyd County, up about 8.1% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Boyd County rose about 35.8% between 2015 and 2024, from $625 to $849. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Boyd County.
Buying the median-priced home in Boyd County costs roughly 10.9 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 Boyd County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Boyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $110,938 | $118,017 | $248,835 |
| Median Household Income | $61,181 | $64,312 | $80,455 |
| Price-to-Income Ratio | 1.8 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Boyd County rose about 49.7%, while median household income rose about 52.9% 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 | Boyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.3% | 61.3% | 58.5% |
| Rental Rate | 26.5% | 28.4% | 31.2% |
| Vacancy Rate | 11.2% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Boyd County has a homeownership rate of 62.3%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 11.2%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Boyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1972 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Boyd County was built around 1972. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Boyd County, KY Housing Compared With Nearby Counties
Boyd County, KY is the 2nd largest of the 5 counties compared here, 47,914 residents against a local median of 36,897. Boyd County, KY sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median home price, 14% above the local median at $110,938 against $97,198. Boyd County, KY has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Boyd County, KY | 47,914 | $110,938 #2/5 | $849 #3/5 | 70.2% #5/5 |
| Lawrence County, OH | 56,809 | $115,918 | $847 | 72.3% |
| Greenup County, KY | 35,630 | $95,536 | $859 | 80.3% |
| Wayne County, WV | 38,164 | $98,860 | $915 | 78.6% |
| Carter County, KY | 26,341 | $78,748 | $739 | 80.0% |
Frequently Asked Questions
Common questions about the housing market in Boyd County, Kentucky.
What is the median home price in Boyd County, Kentucky?
The median home price in Boyd County, Kentucky is $110,938, lower than the Kentucky average of $118,017.
What is the average home price in Boyd County, Kentucky?
The typical home price in Boyd County, Kentucky, reported as the median sale price, is $110,938. 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 Boyd County, Kentucky?
The median gross rent in Boyd County, Kentucky is $849 per month, lower than the Kentucky average of $967.
What was the median gross rent in Boyd County in 2020?
In 2020, the median gross rent in Boyd County, Kentucky was $693 per month.
What is the price-to-rent ratio in Boyd County, Kentucky?
The price-to-rent ratio in Boyd County, Kentucky is about 10.9, meaning it would take roughly 10.9 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 Boyd County.
Are home prices or rent rising faster in Boyd County, Kentucky?
Both home prices and rent are rising in Boyd County, up about 8.1% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Boyd County, Kentucky?
62.3% of households in Boyd County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Boyd County, Kentucky?
The housing vacancy rate in Boyd County, Kentucky is 11.2%, higher than the Kentucky average of 10.3%.
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