Clark County, Kentucky Housing Market Prices
Clark 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 84% above the Kentucky median More expensive than 85% of counties in Kentucky$217,279
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Median rent 3% below the Kentucky median More expensive than 84% of counties in Kentucky$937
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clark County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $217,279 | $118,017 | $248,835 |
| Price Trend (Annual %) | 29.6% | 3.8% | 7.5% |
| Median Gross Rent | $937 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clark County is about 84% higher than in Kentucky. Rent is about 3% lower 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 Clark County, up about 29.6% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Clark County rose about 34.5% between 2015 and 2024, from $697 to $937. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 3.3 yearly household incomes in Clark County.
Buying the median-priced home in Clark County costs roughly 19.3 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 Clark County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Clark County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $217,279 | $118,017 | $248,835 |
| Median Household Income | $66,114 | $64,312 | $80,455 |
| Price-to-Income Ratio | 3.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Clark County rose about 88.6%, while median household income rose about 40.5% 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 | Clark County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.8% | 61.3% | 58.5% |
| Rental Rate | 26.9% | 28.4% | 31.2% |
| Vacancy Rate | 8.3% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Clark County has a homeownership rate of 64.8%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 8.3%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Clark County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1980 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Clark County was built around 1980. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Clark County, KY Housing Compared With Nearby Counties
Clark County, KY is the 3rd largest of the 5 counties compared here, 37,190 residents against a local median of 62,081. Where Clark County, KY breaks from the counties next to it is median home price, sitting 53% above the local median of $141,746 at $217,279.
The counties themselves spread $174,853 on median home price, so Clark County, KY sits at one end of an already wide local range rather than apart from it. Clark County, KY has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Clark County, KY | 37,190 | $217,279 #2/5 | $937 #2/5 | 70.7% #1/5 |
| Montgomery County, KY | 28,394 | $137,665 | $830 | 68.3% |
| Bourbon County, KY | 20,240 | $287,999 | $822 | 63.7% |
| Madison County, KY | 95,769 | $113,146 | $888 | 62.0% |
| Fayette County, KY | 323,723 | $145,827 | $1,163 | 53.8% |
Frequently Asked Questions
Common questions about the housing market in Clark County, Kentucky.
What is the median home price in Clark County, Kentucky?
The median home price in Clark County, Kentucky is $217,279, higher than the Kentucky average of $118,017.
What is the average home price in Clark County, Kentucky?
The typical home price in Clark County, Kentucky, reported as the median sale price, is $217,279. 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 Clark County, Kentucky?
The median gross rent in Clark County, Kentucky is $937 per month, lower than the Kentucky average of $967.
What was the median gross rent in Clark County in 2020?
In 2020, the median gross rent in Clark County, Kentucky was $723 per month.
What is the price-to-rent ratio in Clark County, Kentucky?
The price-to-rent ratio in Clark County, Kentucky is about 19.3, meaning it would take roughly 19.3 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 Clark County.
Are home prices or rent rising faster in Clark County, Kentucky?
Both home prices and rent are rising in Clark County, up about 29.6% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clark County, Kentucky?
64.8% of households in Clark County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Clark County, Kentucky?
The housing vacancy rate in Clark County, Kentucky is 8.3%, lower than the Kentucky average of 10.3%.
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