Hopkins County, Kentucky Housing Market Prices
Hopkins 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.
-
Median home price 11% above the Kentucky median$131,322
-
Median rent 13% below the Kentucky median More expensive than 70% of counties in Kentucky$836
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hopkins County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $131,322 | $118,017 | $248,835 |
| Price Trend (Annual %) | 11.4% | 3.8% | 7.5% |
| Median Gross Rent | $836 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hopkins County is about 11% higher than in Kentucky. Rent is about 13% 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 Hopkins County, up about 11.4% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Hopkins County rose about 41.4% between 2015 and 2024, from $591 to $836. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Hopkins County.
Buying the median-priced home in Hopkins County costs roughly 13.1 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 Hopkins County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Hopkins County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $131,322 | $118,017 | $248,835 |
| Median Household Income | $57,061 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hopkins County rose about 72.9%, while median household income rose about 34.3% 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 | Hopkins County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.9% | 61.3% | 58.5% |
| Rental Rate | 25.7% | 28.4% | 31.2% |
| Vacancy Rate | 12.4% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Hopkins County has a homeownership rate of 61.9%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 12.4%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Hopkins County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.40 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1976 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Hopkins County was built around 1976. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Hopkins County, KY Housing Compared With Nearby Counties
How Hopkins County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hopkins County, KY | 45,117 | $131,322 #1/3 | $836 #2/3 | 70.7% #2/3 |
| Muhlenberg County, KY | 30,591 | $68,749 | $718 | 78.8% |
| Christian County, KY | 72,067 | $58,199 | $1,040 | 50.0% |
Frequently Asked Questions
Common questions about the housing market in Hopkins County, Kentucky.
What is the median home price in Hopkins County, Kentucky?
The median home price in Hopkins County, Kentucky is $131,322, higher than the Kentucky average of $118,017.
What is the average home price in Hopkins County, Kentucky?
The typical home price in Hopkins County, Kentucky, reported as the median sale price, is $131,322. 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 Hopkins County, Kentucky?
The median gross rent in Hopkins County, Kentucky is $836 per month, lower than the Kentucky average of $967.
What was the median gross rent in Hopkins County in 2020?
In 2020, the median gross rent in Hopkins County, Kentucky was $744 per month.
What is the price-to-rent ratio in Hopkins County, Kentucky?
The price-to-rent ratio in Hopkins County, Kentucky is about 13.1, meaning it would take roughly 13.1 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 Hopkins County.
Are home prices or rent rising faster in Hopkins County, Kentucky?
Both home prices and rent are rising in Hopkins County, up about 11.4% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hopkins County, Kentucky?
61.9% of households in Hopkins County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Hopkins County, Kentucky?
The housing vacancy rate in Hopkins County, Kentucky is 12.4%, higher than the Kentucky average of 10.3%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →