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 | Edmonson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $372,916 | $126,174 | $242,182 |
| Price Trend (Annual %) | 126.1% | 5.3% | 8.2% |
| Median Gross Rent | $738 | $933 | $1,342 |
| Rent Trend (Annual %) | 2.2% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Edmonson County is about 196% higher than in Kentucky. Rent is about 21% 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 Edmonson County, up about 126.1% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Edmonson County rose about 22.6% between 2015 and 2023, from $602 to $738. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 6.8 yearly household incomes in Edmonson County.
Buying the median-priced home in Edmonson County costs roughly 42.1 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 Edmonson County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Edmonson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $372,916 | $126,174 | $242,182 |
| Median Household Income | $54,893 | $62,784 | $78,145 |
| Price-to-Income Ratio | 6.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Edmonson County rose about 2485.6%, while median household income rose about 58.4% 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 | Edmonson County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.0% | 60.9% | 58.2% |
| Rental Rate | 13.2% | 28.3% | 31.3% |
| Vacancy Rate | 22.8% | 10.9% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Edmonson County has a homeownership rate of 64.0%, higher than the Kentucky average of 60.9%. Its housing vacancy rate is 22.8%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Edmonson County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1989 | 1981 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Edmonson County was built around 1989. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Edmonson County, Kentucky.
What is the median home price in Edmonson County, Kentucky?
The median home price in Edmonson County, Kentucky is $372,916, higher than the Kentucky average of $126,174.
What is the average home price in Edmonson 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 Edmonson County, Kentucky?
The median gross rent in Edmonson County, Kentucky is $738 per month, lower than the Kentucky average of $933.
What was the median gross rent in Edmonson County in 2020?
In 2020, the median gross rent in Edmonson County, Kentucky was $624 per month.
What is the price-to-rent ratio in Edmonson County, Kentucky?
The price-to-rent ratio in Edmonson County, Kentucky is about 42.1, meaning it would take roughly 42.1 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 Edmonson County.
Are home prices or rent rising faster in Edmonson County, Kentucky?
Both home prices and rent are rising in Edmonson County, up about 126.1% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Edmonson County, Kentucky?
64.0% of households in Edmonson County, Kentucky own their home, higher than the Kentucky average of 60.9%.
What is the vacancy rate in Edmonson County, Kentucky?
The housing vacancy rate in Edmonson County, Kentucky is 22.8%, higher than the Kentucky average of 10.9%.