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 | Crittenden County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,317 | $126,174 | $242,182 |
| Price Trend (Annual %) | 24.9% | 5.3% | 8.2% |
| Median Gross Rent | $618 | $933 | $1,342 |
| Rent Trend (Annual %) | 2.8% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crittenden County is about 5% lower than in Kentucky. Rent is about 34% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Crittenden County, up about 24.9% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Crittenden County rose about 25.7% between 2015 and 2023, from $491 to $618. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Crittenden County.
Buying the median-priced home in Crittenden County costs roughly 16.1 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 Crittenden County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Crittenden County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $119,317 | $126,174 | $242,182 |
| Median Household Income | $48,156 | $62,784 | $78,145 |
| Price-to-Income Ratio | 2.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Crittenden County rose about 112.1%, while median household income rose about 39.7% 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 | Crittenden County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.3% | 60.9% | 58.2% |
| Rental Rate | 18.3% | 28.3% | 31.3% |
| Vacancy Rate | 18.3% | 10.9% | 10.6% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Crittenden County has a homeownership rate of 63.3%, higher than the Kentucky average of 60.9%. Its housing vacancy rate is 18.3%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Crittenden County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1975 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Crittenden County was built around 1975. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 18.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crittenden County, Kentucky.
What is the median home price in Crittenden County, Kentucky?
The median home price in Crittenden County, Kentucky is $119,317, lower than the Kentucky average of $126,174.
What is the average home price in Crittenden 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 Crittenden County, Kentucky?
The median gross rent in Crittenden County, Kentucky is $618 per month, lower than the Kentucky average of $933.
What was the median gross rent in Crittenden County in 2020?
In 2020, the median gross rent in Crittenden County, Kentucky was $629 per month.
What is the price-to-rent ratio in Crittenden County, Kentucky?
The price-to-rent ratio in Crittenden County, Kentucky is about 16.1, meaning it would take roughly 16.1 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 Crittenden County.
Are home prices or rent rising faster in Crittenden County, Kentucky?
Both home prices and rent are rising in Crittenden County, up about 24.9% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crittenden County, Kentucky?
63.3% of households in Crittenden County, Kentucky own their home, higher than the Kentucky average of 60.9%.
What is the vacancy rate in Crittenden County, Kentucky?
The housing vacancy rate in Crittenden County, Kentucky is 18.3%, higher than the Kentucky average of 10.9%.