Grant County, Kentucky Housing Market Prices
Grant 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 20% above the Kentucky median$141,203
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Median rent 11% below the Kentucky median More expensive than 76% of counties in Kentucky$861
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Grant County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,203 | $118,017 | $248,835 |
| Price Trend (Annual %) | 149.5% | 3.8% | 7.5% |
| Median Gross Rent | $861 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Grant County is about 20% higher than in Kentucky. Rent is about 11% 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 Grant County, up about 149.5% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Grant County rose about 20.5% between 2015 and 2024, from $714 to $861. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Grant County.
Buying the median-priced home in Grant County costs roughly 13.7 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 Grant County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Grant County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $141,203 | $118,017 | $248,835 |
| Median Household Income | $68,253 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Grant County rose about 89.3%, while median household income rose about 49.6% between 2009 and 2025 — 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 | Grant County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.6% | 61.3% | 58.5% |
| Rental Rate | 22.4% | 28.4% | 31.2% |
| Vacancy Rate | 10.0% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Grant County has a homeownership rate of 67.6%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 10.0%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Grant County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1988 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Grant County was built around 1988. On average, 2.7 people live in a home with about 5.7 rooms, staying for about 17.0 years on average.
Grant County, KY Housing Compared With Nearby Counties
How Grant County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Grant County, KY | 25,418 | $141,203 #2/3 | $861 #3/3 | 75.1% #2/3 |
| Kenton County, KY | 171,173 | $127,436 | $1,068 | 70.8% |
| Boone County, KY | 139,822 | $161,197 | $1,372 | 76.3% |
Frequently Asked Questions
Common questions about the housing market in Grant County, Kentucky.
What is the median home price in Grant County, Kentucky?
The median home price in Grant County, Kentucky is $141,203, higher than the Kentucky average of $118,017.
What is the average home price in Grant County, Kentucky?
The typical home price in Grant County, Kentucky, reported as the median sale price, is $141,203. 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 Grant County, Kentucky?
The median gross rent in Grant County, Kentucky is $861 per month, lower than the Kentucky average of $967.
What was the median gross rent in Grant County in 2020?
In 2020, the median gross rent in Grant County, Kentucky was $726 per month.
What is the price-to-rent ratio in Grant County, Kentucky?
The price-to-rent ratio in Grant County, Kentucky is about 13.7, meaning it would take roughly 13.7 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 Grant County.
Are home prices or rent rising faster in Grant County, Kentucky?
Both home prices and rent are rising in Grant County, up about 149.5% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Grant County, Kentucky?
67.6% of households in Grant County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Grant County, Kentucky?
The housing vacancy rate in Grant County, Kentucky is 10.0%, lower than the Kentucky average of 10.3%.
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