Boyle County, Kentucky Housing Market Prices
Boyle 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 60% above the Kentucky median More expensive than 80% of counties in Kentucky$189,130
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Median rent 20% below the Kentucky median$777
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Boyle County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,130 | $118,017 | $248,835 |
| Price Trend (Annual %) | 11.9% | 3.8% | 7.5% |
| Median Gross Rent | $777 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Boyle County is about 60% higher than in Kentucky. Rent is about 20% 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 Boyle County, up about 11.9% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Boyle County rose about 22.1% between 2015 and 2024, from $637 to $777. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Boyle County.
Buying the median-priced home in Boyle County costs roughly 20.3 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 Boyle County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Boyle County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,130 | $118,017 | $248,835 |
| Median Household Income | $61,212 | $64,312 | $80,455 |
| Price-to-Income Ratio | 3.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Boyle County rose about 94.0%, while median household income rose about 49.5% 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 | Boyle County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.9% | 61.3% | 58.5% |
| Rental Rate | 29.7% | 28.4% | 31.2% |
| Vacancy Rate | 7.4% | 10.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Boyle County has a homeownership rate of 62.9%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 7.4%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Boyle County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1977 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Boyle County was built around 1977. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Boyle County, KY Housing Compared With Nearby Counties
How Boyle County, KY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Boyle County, KY | 30,941 | $189,130 #1/2 | $777 #1/2 | 68.0% #2/2 |
| Lincoln County, KY | 24,512 | $23,408 | $697 | 76.4% |
Frequently Asked Questions
Common questions about the housing market in Boyle County, Kentucky.
What is the median home price in Boyle County, Kentucky?
The median home price in Boyle County, Kentucky is $189,130, higher than the Kentucky average of $118,017.
What is the average home price in Boyle County, Kentucky?
The typical home price in Boyle County, Kentucky, reported as the median sale price, is $189,130. 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 Boyle County, Kentucky?
The median gross rent in Boyle County, Kentucky is $777 per month, lower than the Kentucky average of $967.
What was the median gross rent in Boyle County in 2020?
In 2020, the median gross rent in Boyle County, Kentucky was $715 per month.
What is the price-to-rent ratio in Boyle County, Kentucky?
The price-to-rent ratio in Boyle County, Kentucky is about 20.3, meaning it would take roughly 20.3 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 Boyle County.
Are home prices or rent rising faster in Boyle County, Kentucky?
Both home prices and rent are rising in Boyle County, up about 11.9% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Boyle County, Kentucky?
62.9% of households in Boyle County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Boyle County, Kentucky?
The housing vacancy rate in Boyle County, Kentucky is 7.4%, lower than the Kentucky average of 10.3%.
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