Jessamine County, Kentucky Housing Market Prices
Jessamine 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 64% above the Kentucky median More expensive than 82% of counties in Kentucky$193,249
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Median rent 16% above the Kentucky median More expensive than 94% of counties in Kentucky$1,123
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Jessamine County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $193,249 | $118,017 | $248,835 |
| Price Trend (Annual %) | 4.9% | 3.8% | 7.5% |
| Median Gross Rent | $1,123 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Jessamine County is about 64% higher than in Kentucky. Rent is about 16% higher 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 Jessamine County, up about 4.9% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Jessamine County rose about 45.9% between 2015 and 2024, from $770 to $1,123. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Jessamine County.
Buying the median-priced home in Jessamine County costs roughly 14.3 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 Jessamine County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Jessamine County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $193,249 | $118,017 | $248,835 |
| Median Household Income | $74,512 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Jessamine County rose about 45.7%, while median household income rose about 50.8% 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 | Jessamine County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.7% | 61.3% | 58.5% |
| Rental Rate | 31.2% | 28.4% | 31.2% |
| Vacancy Rate | 6.1% | 10.3% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Jessamine County has a homeownership rate of 62.7%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 6.1%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Jessamine County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1990 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Jessamine County was built around 1990. On average, 2.7 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Jessamine County, KY Housing Compared With Nearby Counties
How Jessamine County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Jessamine County, KY | 54,588 | $193,249 #1/3 | $1,123 #2/3 | 66.7% #1/3 |
| Fayette County, KY | 323,723 | $145,827 | $1,163 | 53.8% |
| Madison County, KY | 95,769 | $113,146 | $888 | 62.0% |
Frequently Asked Questions
Common questions about the housing market in Jessamine County, Kentucky.
What is the median home price in Jessamine County, Kentucky?
The median home price in Jessamine County, Kentucky is $193,249, higher than the Kentucky average of $118,017.
What is the average home price in Jessamine County, Kentucky?
The typical home price in Jessamine County, Kentucky, reported as the median sale price, is $193,249. 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 Jessamine County, Kentucky?
The median gross rent in Jessamine County, Kentucky is $1,123 per month, higher than the Kentucky average of $967.
What was the median gross rent in Jessamine County in 2020?
In 2020, the median gross rent in Jessamine County, Kentucky was $811 per month.
What is the price-to-rent ratio in Jessamine County, Kentucky?
The price-to-rent ratio in Jessamine County, Kentucky is about 14.3, meaning it would take roughly 14.3 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 Jessamine County.
Are home prices or rent rising faster in Jessamine County, Kentucky?
Both home prices and rent are rising in Jessamine County, up about 4.9% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Jessamine County, Kentucky?
62.7% of households in Jessamine County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Jessamine County, Kentucky?
The housing vacancy rate in Jessamine County, Kentucky is 6.1%, lower than the Kentucky average of 10.3%.
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