Floyd County, Kentucky Housing Market Prices
Floyd 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 6% above the Kentucky median$125,000
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Median rent 30% below the Kentucky median Cheaper than 81% of counties in Kentucky$672
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Floyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,000 | $118,017 | $248,835 |
| Price Trend (Annual %) | 11.5% | 3.8% | 7.5% |
| Median Gross Rent | $672 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Floyd County is about 6% higher than in Kentucky. Rent is about 30% 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 Floyd County, up about 11.5% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Floyd County rose about 24.0% between 2015 and 2024, from $542 to $672. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Floyd County.
Buying the median-priced home in Floyd County costs roughly 15.5 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 Floyd County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Floyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $125,000 | $118,017 | $248,835 |
| Median Household Income | $41,750 | $64,312 | $80,455 |
| Price-to-Income Ratio | 3.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Floyd County fell about 19.7%, while median household income rose about 41.9% 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 | Floyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.6% | 61.3% | 58.5% |
| Rental Rate | 23.4% | 28.4% | 31.2% |
| Vacancy Rate | 16.0% | 10.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Floyd County has a homeownership rate of 60.6%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 16.0%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Floyd County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1983 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Floyd County was built around 1983. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Floyd County, KY Housing Compared With Nearby Counties
Floyd County, KY is the 2nd largest of the 5 counties compared here, 35,224 residents against a local median of 18,082. The measure that sets Floyd County, KY apart most is median home price: $125,000, 114% above the local median of $58,327.
The counties themselves spread $68,869 on median home price, so Floyd County, KY sits at one end of an already wide local range rather than apart from it. Floyd County, KY has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Floyd County, KY | 35,224 | $125,000 #1/5 | $672 #4/5 | 72.2% #4/5 |
| Knott County, KY | 13,830 | $88,234 | $756 | 72.7% |
| Johnson County, KY | 22,334 | $87,311 | $708 | 68.3% |
| Martin County, KY | 11,027 | $19,365 | $450 | 84.9% |
| Pike County, KY | 56,725 | $29,344 | $858 | 75.3% |
Frequently Asked Questions
Common questions about the housing market in Floyd County, Kentucky.
What is the median home price in Floyd County, Kentucky?
The median home price in Floyd County, Kentucky is $125,000, higher than the Kentucky average of $118,017.
What is the average home price in Floyd County, Kentucky?
The typical home price in Floyd County, Kentucky, reported as the median sale price, is $125,000. 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 Floyd County, Kentucky?
The median gross rent in Floyd County, Kentucky is $672 per month, lower than the Kentucky average of $967.
What was the median gross rent in Floyd County in 2020?
In 2020, the median gross rent in Floyd County, Kentucky was $643 per month.
What is the price-to-rent ratio in Floyd County, Kentucky?
The price-to-rent ratio in Floyd County, Kentucky is about 15.5, meaning it would take roughly 15.5 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 Floyd County.
Are home prices or rent rising faster in Floyd County, Kentucky?
Both home prices and rent are rising in Floyd County, up about 11.5% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Floyd County, Kentucky?
60.6% of households in Floyd County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Floyd County, Kentucky?
The housing vacancy rate in Floyd County, Kentucky is 16.0%, higher than the Kentucky average of 10.3%.
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