Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Breckinridge County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $163,851 | $126,174 | $242,182 |
| Price Trend (Annual %) | 17.1% | 5.3% | 8.2% |
| Median Gross Rent | $729 | $933 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Breckinridge County is about 30% higher than in Kentucky. Rent is about 22% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Breckinridge County, up about 17.1% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Breckinridge County rose about 38.0% between 2015 and 2023, from $528 to $729. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Breckinridge County.
Buying the median-priced home in Breckinridge County costs roughly 18.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Breckinridge County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Breckinridge County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $163,851 | $126,174 | $242,182 |
| Median Household Income | $53,696 | $62,784 | $78,145 |
| Price-to-Income Ratio | 3.1 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Breckinridge County rose about 142.2%, while median household income rose about 42.3% between 2009 and 2023 — 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 | Breckinridge County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.3% | 60.9% | 58.2% |
| Rental Rate | 12.8% | 28.3% | 31.3% |
| Vacancy Rate | 28.9% | 10.9% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Breckinridge County has a homeownership rate of 58.3%, lower than the Kentucky average of 60.9%. Its housing vacancy rate is 28.9%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Breckinridge County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1988 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Breckinridge County was built around 1988. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Breckinridge County, Kentucky.
What is the median home price in Breckinridge County, Kentucky?
The median home price in Breckinridge County, Kentucky is $163,851, higher than the Kentucky average of $126,174.
What is the average home price in Breckinridge County, Kentucky?
The typical home price in %s, reported as the median sale price, is %s. 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 Breckinridge County, Kentucky?
The median gross rent in Breckinridge County, Kentucky is $729 per month, lower than the Kentucky average of $933.
What was the median gross rent in Breckinridge County in 2020?
In 2020, the median gross rent in Breckinridge County, Kentucky was $618 per month.
What is the price-to-rent ratio in Breckinridge County, Kentucky?
The price-to-rent ratio in Breckinridge County, Kentucky is about 18.7, meaning it would take roughly 18.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Breckinridge County.
Are home prices or rent rising faster in Breckinridge County, Kentucky?
Both home prices and rent are rising in Breckinridge County, up about 17.1% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Breckinridge County, Kentucky?
58.3% of households in Breckinridge County, Kentucky own their home, lower than the Kentucky average of 60.9%.
What is the vacancy rate in Breckinridge County, Kentucky?
The housing vacancy rate in Breckinridge County, Kentucky is 28.9%, higher than the Kentucky average of 10.9%.