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 | Clinton County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $210,937 | $126,174 | $242,182 |
| Price Trend (Annual %) | 382.8% | 5.3% | 8.2% |
| Median Gross Rent | $629 | $933 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clinton County is about 67% higher than in Kentucky. Rent is about 33% lower 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 Clinton County, up about 382.8% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Clinton County rose about 19.1% between 2015 and 2023, from $528 to $629. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Clinton County.
Buying the median-priced home in Clinton County costs roughly 28.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Clinton County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Clinton County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $210,937 | $126,174 | $242,182 |
| Median Household Income | $42,605 | $62,784 | $78,145 |
| Price-to-Income Ratio | 5.0 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clinton County rose about 186.6%, while median household income rose about 79.0% 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 | Clinton County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.0% | 60.9% | 58.2% |
| Rental Rate | 21.3% | 28.3% | 31.3% |
| Vacancy Rate | 22.7% | 10.9% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Clinton County has a homeownership rate of 56.0%, lower than the Kentucky average of 60.9%. Its housing vacancy rate is 22.7%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Clinton County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1981 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Clinton County was built around 1981. On average, 2.4 people live in a home with about 5.4 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clinton County, Kentucky.
What is the median home price in Clinton County, Kentucky?
The median home price in Clinton County, Kentucky is $210,937, higher than the Kentucky average of $126,174.
What is the average home price in Clinton 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 Clinton County, Kentucky?
The median gross rent in Clinton County, Kentucky is $629 per month, lower than the Kentucky average of $933.
What was the median gross rent in Clinton County in 2020?
In 2020, the median gross rent in Clinton County, Kentucky was $511 per month.
What is the price-to-rent ratio in Clinton County, Kentucky?
The price-to-rent ratio in Clinton County, Kentucky is about 28.0, meaning it would take roughly 28.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Clinton County.
Are home prices or rent rising faster in Clinton County, Kentucky?
Both home prices and rent are rising in Clinton County, up about 382.8% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clinton County, Kentucky?
56.0% of households in Clinton County, Kentucky own their home, lower than the Kentucky average of 60.9%.
What is the vacancy rate in Clinton County, Kentucky?
The housing vacancy rate in Clinton County, Kentucky is 22.7%, higher than the Kentucky average of 10.9%.