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 | Carlisle County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,488 | $126,174 | $242,182 |
| Price Trend (Annual %) | 24.3% | 5.3% | 8.2% |
| Median Gross Rent | $791 | $933 | $1,342 |
| Rent Trend (Annual %) | 3.9% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carlisle County is about 9% higher than in Kentucky. Rent is about 15% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2020
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Carlisle County, up about 24.3% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Carlisle County rose about 38.6% between 2015 and 2023, from $570 to $791. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 2.2 yearly household incomes in Carlisle County.
Buying the median-priced home in Carlisle County costs roughly 14.5 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 Carlisle County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Carlisle County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $137,488 | $126,174 | $242,182 |
| Median Household Income | $61,217 | $62,784 | $78,145 |
| Price-to-Income Ratio | 2.2 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2020, the median home price in Carlisle County rose about 150.0%, while median household income rose about 85.8% 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 | Carlisle County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.0% | 60.9% | 58.2% |
| Rental Rate | 15.1% | 28.3% | 31.3% |
| Vacancy Rate | 19.0% | 10.9% | 10.6% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Carlisle County has a homeownership rate of 66.0%, higher than the Kentucky average of 60.9%. Its housing vacancy rate is 19.0%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Carlisle County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1981 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Carlisle County was built around 1981. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Carlisle County, Kentucky.
What is the median home price in Carlisle County, Kentucky?
The median home price in Carlisle County, Kentucky is $137,488, higher than the Kentucky average of $126,174.
What is the average home price in Carlisle 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 Carlisle County, Kentucky?
The median gross rent in Carlisle County, Kentucky is $791 per month, lower than the Kentucky average of $933.
What was the median gross rent in Carlisle County in 2020?
In 2020, the median gross rent in Carlisle County, Kentucky was $651 per month.
What is the price-to-rent ratio in Carlisle County, Kentucky?
The price-to-rent ratio in Carlisle County, Kentucky is about 14.5, meaning it would take roughly 14.5 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 Carlisle County.
Are home prices or rent rising faster in Carlisle County, Kentucky?
Both home prices and rent are rising in Carlisle County, up about 24.3% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carlisle County, Kentucky?
66.0% of households in Carlisle County, Kentucky own their home, higher than the Kentucky average of 60.9%.
What is the vacancy rate in Carlisle County, Kentucky?
The housing vacancy rate in Carlisle County, Kentucky is 19.0%, higher than the Kentucky average of 10.9%.