Calloway County, Kentucky Housing Market Prices
Calloway 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 9% below the Kentucky median$107,661
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Median rent 10% below the Kentucky median More expensive than 77% of counties in Kentucky$869
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Calloway County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $107,661 | $118,017 | $248,835 |
| Price Trend (Annual %) | -2.8% | 3.8% | 7.5% |
| Median Gross Rent | $869 | $967 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Calloway County is about 9% lower than in Kentucky. Rent is about 10% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Calloway County: home prices fell about 2.8% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
Median rent in Calloway County rose about 50.0% between 2015 and 2024, from $579 to $869. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Calloway County.
Buying the median-priced home in Calloway County costs roughly 10.3 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 Calloway County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Calloway County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $107,661 | $118,017 | $248,835 |
| Median Household Income | $53,083 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Calloway County fell about 23.0%, while median household income rose about 41.1% 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 | Calloway County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 61.3% | 58.5% |
| Rental Rate | 30.4% | 28.4% | 31.2% |
| Vacancy Rate | 15.8% | 10.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Calloway County has a homeownership rate of 53.8%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 15.8%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Calloway County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1985 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Calloway County was built around 1985. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Calloway County, KY Housing Compared With Nearby Counties
How Calloway County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Calloway County, KY | 38,226 | $107,661 #2/3 | $869 #1/3 | 63.9% #3/3 |
| Henry County, TN | 32,412 | $201,161 | $761 | 73.5% |
| Trigg County, KY | 14,315 | $39,029 | $803 | 76.9% |
Frequently Asked Questions
Common questions about the housing market in Calloway County, Kentucky.
What is the median home price in Calloway County, Kentucky?
The median home price in Calloway County, Kentucky is $107,661, lower than the Kentucky average of $118,017.
What is the average home price in Calloway County, Kentucky?
The typical home price in Calloway County, Kentucky, reported as the median sale price, is $107,661. 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 Calloway County, Kentucky?
The median gross rent in Calloway County, Kentucky is $869 per month, lower than the Kentucky average of $967.
What was the median gross rent in Calloway County in 2020?
In 2020, the median gross rent in Calloway County, Kentucky was $668 per month.
What is the price-to-rent ratio in Calloway County, Kentucky?
The price-to-rent ratio in Calloway County, Kentucky is about 10.3, meaning it would take roughly 10.3 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 Calloway County.
Are home prices or rent rising faster in Calloway County, Kentucky?
Home prices and rent are moving in opposite directions in Calloway County: home prices fell about 2.8% a year while rent rose about 5.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Calloway County, Kentucky?
53.8% of households in Calloway County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Calloway County, Kentucky?
The housing vacancy rate in Calloway County, Kentucky is 15.8%, higher than the Kentucky average of 10.3%.
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