Knott County, Kentucky Housing Market Prices
Knott 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 25% below the Kentucky median$88,234
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Median rent 22% below the Kentucky median$756
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Knott County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,234 | $118,017 | $248,835 |
| Price Trend (Annual %) | 25.8% | 3.8% | 7.5% |
| Median Gross Rent | $756 | $967 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Knott County is about 25% lower than in Kentucky. Rent is about 22% 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 Knott County, up about 25.8% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Knott County rose about 57.8% between 2015 and 2024, from $479 to $756. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Knott County.
Buying the median-priced home in Knott County costs roughly 9.7 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 Knott County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Knott County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $88,234 | $118,017 | $248,835 |
| Median Household Income | $41,985 | $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 Knott County rose about 31.6%, while median household income rose about 28.3% 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 | Knott County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.1% | 61.3% | 58.5% |
| Rental Rate | 22.5% | 28.4% | 31.2% |
| Vacancy Rate | 17.4% | 10.3% | 10.2% |
| Median Tenure (years) | 21.0 | 15.0 | 15.0 |
| Median Year Moved In | 2005 | 2011 | 2011 |
Knott County has a homeownership rate of 60.1%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 17.4%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Knott County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1982 | 1981 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Knott County was built around 1982. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 21.0 years on average.
Knott County, KY Housing Compared With Nearby Counties
Knott County, KY is the smallest of the 4 counties compared here, 13,830 residents against a local median of 27,499. Knott County, KY's median home price, at $88,234, runs 213% above the $28,169 typical of the counties around it.
The counties themselves spread $102,188 on median home price, so Knott County, KY sits at one end of an already wide local range rather than apart from it. Knott County, KY has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Knott County, KY | 13,830 | $88,234 #2/4 | $756 #2/4 | 72.7% #2/4 |
| Letcher County, KY | 20,808 | $22,812 | $669 | 74.1% |
| Perry County, KY | 27,499 | $28,169 | $797 | 70.4% |
| Floyd County, KY | 35,224 | $125,000 | $672 | 72.2% |
Frequently Asked Questions
Common questions about the housing market in Knott County, Kentucky.
What is the median home price in Knott County, Kentucky?
The median home price in Knott County, Kentucky is $88,234, lower than the Kentucky average of $118,017.
What is the average home price in Knott County, Kentucky?
The typical home price in Knott County, Kentucky, reported as the median sale price, is $88,234. 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 Knott County, Kentucky?
The median gross rent in Knott County, Kentucky is $756 per month, lower than the Kentucky average of $967.
What was the median gross rent in Knott County in 2020?
In 2020, the median gross rent in Knott County, Kentucky was $509 per month.
What is the price-to-rent ratio in Knott County, Kentucky?
The price-to-rent ratio in Knott County, Kentucky is about 9.7, meaning it would take roughly 9.7 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 Knott County.
Are home prices or rent rising faster in Knott County, Kentucky?
Both home prices and rent are rising in Knott County, up about 25.8% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Knott County, Kentucky?
60.1% of households in Knott County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Knott County, Kentucky?
The housing vacancy rate in Knott County, Kentucky is 17.4%, higher than the Kentucky average of 10.3%.
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