Graves County, Kentucky Housing Market Prices
Graves 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 160% above the Kentucky median More expensive than 95% of counties in Kentucky$307,143
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Median rent 20% below the Kentucky median$775
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Graves County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $307,143 | $118,017 | $248,835 |
| Price Trend (Annual %) | 37.9% | 3.8% | 7.5% |
| Median Gross Rent | $775 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Graves County is about 160% higher than in Kentucky. Rent is about 20% 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 Graves County, up about 37.9% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Graves County rose about 35.0% between 2015 and 2024, from $574 to $775. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 6.0 yearly household incomes in Graves County.
Buying the median-priced home in Graves County costs roughly 33.0 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 Graves County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Graves County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $307,143 | $118,017 | $248,835 |
| Median Household Income | $50,878 | $64,312 | $80,455 |
| Price-to-Income Ratio | 6.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Graves County rose about 276.5%, while median household income rose about 44.1% 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 | Graves County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.5% | 61.3% | 58.5% |
| Rental Rate | 20.6% | 28.4% | 31.2% |
| Vacancy Rate | 13.9% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Graves County has a homeownership rate of 65.5%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 13.9%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Graves County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1977 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Graves County was built around 1977. On average, 2.6 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Graves County, KY Housing Compared With Nearby Counties
How Graves County, KY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Graves County, KY | 36,630 | $307,143 #1/2 | $775 #2/2 | 76.1% #1/2 |
| McCracken County, KY | 67,525 | $23,192 | $897 | 68.9% |
Frequently Asked Questions
Common questions about the housing market in Graves County, Kentucky.
What is the median home price in Graves County, Kentucky?
The median home price in Graves County, Kentucky is $307,143, higher than the Kentucky average of $118,017.
What is the average home price in Graves County, Kentucky?
The typical home price in Graves County, Kentucky, reported as the median sale price, is $307,143. 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 Graves County, Kentucky?
The median gross rent in Graves County, Kentucky is $775 per month, lower than the Kentucky average of $967.
What was the median gross rent in Graves County in 2020?
In 2020, the median gross rent in Graves County, Kentucky was $659 per month.
What is the price-to-rent ratio in Graves County, Kentucky?
The price-to-rent ratio in Graves County, Kentucky is about 33.0, meaning it would take roughly 33.0 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 Graves County.
Are home prices or rent rising faster in Graves County, Kentucky?
Both home prices and rent are rising in Graves County, up about 37.9% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Graves County, Kentucky?
65.5% of households in Graves County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Graves County, Kentucky?
The housing vacancy rate in Graves County, Kentucky is 13.9%, higher than the Kentucky average of 10.3%.
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