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 | Campbell County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,700 | $126,174 | $242,182 |
| Price Trend (Annual %) | 9.2% | 5.3% | 8.2% |
| Median Gross Rent | $1,079 | $933 | $1,342 |
| Rent Trend (Annual %) | 4.9% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Campbell County is about 43% higher than in Kentucky. Rent is about 16% higher 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 Campbell County, up about 9.2% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Campbell County rose about 44.3% between 2015 and 2023, from $747 to $1,079. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Campbell County.
Buying the median-priced home in Campbell County costs roughly 14.0 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 Campbell County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Campbell County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $180,700 | $126,174 | $242,182 |
| Median Household Income | $77,152 | $62,784 | $78,145 |
| Price-to-Income Ratio | 2.3 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Campbell County rose about 67.1%, while median household income rose about 48.5% 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 | Campbell County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.7% | 60.9% | 58.2% |
| Rental Rate | 27.2% | 28.3% | 31.3% |
| Vacancy Rate | 6.1% | 10.9% | 10.6% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Campbell County has a homeownership rate of 66.7%, higher than the Kentucky average of 60.9%. Its housing vacancy rate is 6.1%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Campbell County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1968 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Campbell County was built around 1968. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Campbell County, Kentucky.
What is the median home price in Campbell County, Kentucky?
The median home price in Campbell County, Kentucky is $180,700, higher than the Kentucky average of $126,174.
What is the average home price in Campbell 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 Campbell County, Kentucky?
The median gross rent in Campbell County, Kentucky is $1,079 per month, higher than the Kentucky average of $933.
What was the median gross rent in Campbell County in 2020?
In 2020, the median gross rent in Campbell County, Kentucky was $843 per month.
What is the price-to-rent ratio in Campbell County, Kentucky?
The price-to-rent ratio in Campbell County, Kentucky is about 14.0, meaning it would take roughly 14.0 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 Campbell County.
Are home prices or rent rising faster in Campbell County, Kentucky?
Both home prices and rent are rising in Campbell County, up about 9.2% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Campbell County, Kentucky?
66.7% of households in Campbell County, Kentucky own their home, higher than the Kentucky average of 60.9%.
What is the vacancy rate in Campbell County, Kentucky?
The housing vacancy rate in Campbell County, Kentucky is 6.1%, lower than the Kentucky average of 10.9%.