Casey County, Kentucky Housing Market Prices
Casey 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 34% below the Kentucky median$77,499
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Median rent 31% below the Kentucky median Cheaper than 82% of counties in Kentucky$669
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Casey County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,499 | $118,017 | $248,835 |
| Price Trend (Annual %) | -0.9% | 3.8% | 7.5% |
| Median Gross Rent | $669 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Casey County is about 34% lower than in Kentucky. Rent is about 31% 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 Casey County: home prices fell about 0.9% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
Median rent in Casey County rose about 39.8% between 2015 and 2024, from $479 to $669. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Casey County.
Buying the median-priced home in Casey County costs roughly 9.6 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 Casey County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Casey County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $77,499 | $118,017 | $248,835 |
| Median Household Income | $45,684 | $64,312 | $80,455 |
| Price-to-Income Ratio | 1.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Casey County fell about 49.7%, while median household income rose about 53.6% 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 | Casey County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.6% | 61.3% | 58.5% |
| Rental Rate | 17.7% | 28.4% | 31.2% |
| Vacancy Rate | 12.6% | 10.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Casey County has a homeownership rate of 69.6%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 12.6%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Casey County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.39 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1985 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Casey County was built around 1985. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 18.0 years on average.
Casey County, KY Housing Compared With Nearby Counties
Casey County, KY is the smallest of the 5 counties compared here, 15,914 residents against a local median of 22,131. Casey County, KY's median home price, at $77,499, runs 43% above the $54,038 typical of the counties around it.
The counties themselves spread $109,546 on median home price, so Casey County, KY sits at one end of an already wide local range rather than apart from it. Casey County, KY has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Casey County, KY | 15,914 | $77,499 #2/5 | $669 #5/5 | 79.7% #1/5 |
| Lincoln County, KY | 24,512 | $23,408 | $697 | 76.4% |
| Russell County, KY | 18,221 | $132,954 | $681 | 70.8% |
| Taylor County, KY | 26,397 | $34,744 | $717 | 68.8% |
| Marion County, KY | 19,749 | $73,333 | $725 | 77.7% |
Frequently Asked Questions
Common questions about the housing market in Casey County, Kentucky.
What is the median home price in Casey County, Kentucky?
The median home price in Casey County, Kentucky is $77,499, lower than the Kentucky average of $118,017.
What is the average home price in Casey County, Kentucky?
The typical home price in Casey County, Kentucky, reported as the median sale price, is $77,499. 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 Casey County, Kentucky?
The median gross rent in Casey County, Kentucky is $669 per month, lower than the Kentucky average of $967.
What was the median gross rent in Casey County in 2020?
In 2020, the median gross rent in Casey County, Kentucky was $523 per month.
What is the price-to-rent ratio in Casey County, Kentucky?
The price-to-rent ratio in Casey County, Kentucky is about 9.6, meaning it would take roughly 9.6 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 Casey County.
Are home prices or rent rising faster in Casey County, Kentucky?
Home prices and rent are moving in opposite directions in Casey County: home prices fell about 0.9% a year while rent rose about 4.3% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Casey County, Kentucky?
69.6% of households in Casey County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Casey County, Kentucky?
The housing vacancy rate in Casey County, Kentucky is 12.6%, higher than the Kentucky average of 10.3%.
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