Bullitt County, Kentucky Housing Market Prices
Bullitt 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 59% above the Kentucky median More expensive than 78% of counties in Kentucky$187,115
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Median rent 2% above the Kentucky median More expensive than 87% of counties in Kentucky$986
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Bullitt County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,115 | $118,017 | $248,835 |
| Price Trend (Annual %) | 8.7% | 3.8% | 7.5% |
| Median Gross Rent | $986 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Bullitt County is about 59% higher than in Kentucky. Rent is about 2% higher 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 Bullitt County, up about 8.7% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Bullitt County rose about 28.3% between 2015 and 2024, from $769 to $986. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Bullitt County.
Buying the median-priced home in Bullitt County costs roughly 15.8 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 Bullitt County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Bullitt County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $187,115 | $118,017 | $248,835 |
| Median Household Income | $81,944 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Bullitt County rose about 87.7%, while median household income rose about 42.7% 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 | Bullitt County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.2% | 61.3% | 58.5% |
| Rental Rate | 14.2% | 28.4% | 31.2% |
| Vacancy Rate | 5.5% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Bullitt County has a homeownership rate of 80.2%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 5.5%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Bullitt County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.64 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1988 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Bullitt County was built around 1988. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Bullitt County, KY Housing Compared With Nearby Counties
Bullitt County, KY is typical in size for this group, 84,027 residents against a local median of 96,431, so the measures below are close to a like for like comparison. Bullitt County, KY's median home price, at $187,115, runs 26% below the $254,490 typical of the counties around it.
Homeownership tells the same story from another angle: 84.9% against a local median of 67.9%, 25% above it. The one measure here that carries a verdict is homeownership, and at 25% above the local median it puts Bullitt County, KY at the better end of the local range. The counties themselves spread $225,634 on median home price, so Bullitt County, KY sits at one end of an already wide local range rather than apart from it. Bullitt County, KY has the 4th highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Bullitt County, KY | 84,027 | $187,115 #4/5 | $986 #4/5 | 84.9% #1/5 |
| Jefferson County, KY | 781,949 | $162,419 | $1,148 | 62.1% |
| Nelson County, KY | 47,606 | $277,840 | $1,008 | 78.3% |
| Hardin County, KY | 111,942 | $231,140 | $970 | 62.6% |
| Floyd County, IN | 80,920 | $388,053 | $1,036 | 73.2% |
Frequently Asked Questions
Common questions about the housing market in Bullitt County, Kentucky.
What is the median home price in Bullitt County, Kentucky?
The median home price in Bullitt County, Kentucky is $187,115, higher than the Kentucky average of $118,017.
What is the average home price in Bullitt County, Kentucky?
The typical home price in Bullitt County, Kentucky, reported as the median sale price, is $187,115. 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 Bullitt County, Kentucky?
The median gross rent in Bullitt County, Kentucky is $986 per month, higher than the Kentucky average of $967.
What was the median gross rent in Bullitt County in 2020?
In 2020, the median gross rent in Bullitt County, Kentucky was $849 per month.
What is the price-to-rent ratio in Bullitt County, Kentucky?
The price-to-rent ratio in Bullitt County, Kentucky is about 15.8, meaning it would take roughly 15.8 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 Bullitt County.
Are home prices or rent rising faster in Bullitt County, Kentucky?
Both home prices and rent are rising in Bullitt County, up about 8.7% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Bullitt County, Kentucky?
80.2% of households in Bullitt County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Bullitt County, Kentucky?
The housing vacancy rate in Bullitt County, Kentucky is 5.5%, lower than the Kentucky average of 10.3%.
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