Elliott County, Kentucky Housing Market Prices
Elliott 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 94% below the Kentucky median Cheapest county in Kentucky$7,651
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Median rent 55% below the Kentucky median Cheapest county in Kentucky$432
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Elliott County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $7,651 | $118,017 | $248,835 |
| Price Trend (Annual %) | -16.7% | 3.8% | 7.5% |
| Median Gross Rent | $432 | $967 | $1,407 |
| Rent Trend (Annual %) | -0.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Elliott County is about 94% lower than in Kentucky. Rent is about 55% 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 falling in Elliott County, down about 16.7% and 0.1% a year respectively. Home prices are changing faster.
Median rent in Elliott County fell about 2.8% between 2015 and 2024, from $444 to $432. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Elliott County.
Buying the median-priced home in Elliott County costs roughly 1.5 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 Elliott County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Elliott County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $7,651 | $118,017 | $248,835 |
| Median Household Income | $45,833 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Elliott County fell about 90.3%, while median household income rose about 68.4% 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 | Elliott County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.3% | 61.3% | 58.5% |
| Rental Rate | 14.6% | 28.4% | 31.2% |
| Vacancy Rate | 20.1% | 10.3% | 10.2% |
| Median Tenure (years) | 22.0 | 15.0 | 15.0 |
| Median Year Moved In | 2004 | 2011 | 2011 |
Elliott County has a homeownership rate of 65.3%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 20.1%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Elliott County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1984 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Elliott County was built around 1984. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 22.0 years on average.
Elliott County, KY Housing Compared With Nearby Counties
Elliott County, KY is the smallest of the 4 counties compared here, 7,307 residents against a local median of 22,334. Elliott County, KY's median home price, at $7,651, runs 90% below the $78,748 typical of the counties around it.
Median rent tells the same story from another angle: $432 against a local median of $708, 39% below it. The counties themselves sit within $35,644 of each other on median home price, a tighter band than the gap between any of them and Elliott County, KY, which makes it a genuine outlier here rather than one end of a wide local spread. Elliott County, KY has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Elliott County, KY | 7,307 | $7,651 #4/4 | $432 #4/4 | 81.7% #1/4 |
| Carter County, KY | 26,341 | $78,748 | $739 | 80.0% |
| Morgan County, KY | 14,053 | $51,667 | $662 | 78.9% |
| Johnson County, KY | 22,334 | $87,311 | $708 | 68.3% |
Frequently Asked Questions
Common questions about the housing market in Elliott County, Kentucky.
What is the median home price in Elliott County, Kentucky?
The median home price in Elliott County, Kentucky is $7,651, lower than the Kentucky average of $118,017.
What is the average home price in Elliott County, Kentucky?
The typical home price in Elliott County, Kentucky, reported as the median sale price, is $7,651. 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 Elliott County, Kentucky?
The median gross rent in Elliott County, Kentucky is $432 per month, lower than the Kentucky average of $967.
What was the median gross rent in Elliott County in 2020?
In 2020, the median gross rent in Elliott County, Kentucky was $801 per month.
What is the price-to-rent ratio in Elliott County, Kentucky?
The price-to-rent ratio in Elliott County, Kentucky is about 1.5, meaning it would take roughly 1.5 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 Elliott County.
Are home prices or rent rising faster in Elliott County, Kentucky?
Both home prices and rent are falling in Elliott County, down about 16.7% and 0.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Elliott County, Kentucky?
65.3% of households in Elliott County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Elliott County, Kentucky?
The housing vacancy rate in Elliott County, Kentucky is 20.1%, higher than the Kentucky average of 10.3%.
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