Knox County, Kentucky Housing Market Prices
Knox 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 26% below the Kentucky median$87,692
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Median rent 30% below the Kentucky median Cheaper than 76% of counties in Kentucky$680
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Knox County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,692 | $118,017 | $248,835 |
| Price Trend (Annual %) | 3.9% | 3.8% | 7.5% |
| Median Gross Rent | $680 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Knox County is about 26% lower than in Kentucky. Rent is about 30% 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 Knox County, up about 3.9% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Knox County rose about 24.9% between 2015 and 2024, from $544 to $680. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Knox County.
Buying the median-priced home in Knox County costs roughly 10.7 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 Knox County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Knox County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $87,692 | $118,017 | $248,835 |
| Median Household Income | $32,074 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Knox County rose about 2.7%, while median household income rose about 43.0% 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 | Knox County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.2% | 61.3% | 58.5% |
| Rental Rate | 29.3% | 28.4% | 31.2% |
| Vacancy Rate | 15.5% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Knox County has a homeownership rate of 55.2%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 15.5%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Knox County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1984 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Knox County was built around 1984. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Knox County, KY Housing Compared With Nearby Counties
Knox County, KY is typical in size for this group, 29,865 residents against a local median of 32,466, so the measures below are close to a like for like comparison. Where Knox County, KY breaks from the counties next to it is median home price, sitting 51% below the local median of $177,934 at $87,692.
The counties themselves spread $145,102 on median home price, so Knox County, KY sits at one end of an already wide local range rather than apart from it. Knox County, KY has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Knox County, KY | 29,865 | $87,692 #3/4 | $680 #3/4 | 65.3% #3/4 |
| Bell County, KY | 23,509 | $62,209 | $591 | 58.8% |
| Laurel County, KY | 62,983 | $177,934 | $813 | 71.6% |
| Claiborne County, TN | 32,466 | $207,311 | $744 | 72.2% |
Frequently Asked Questions
Common questions about the housing market in Knox County, Kentucky.
What is the median home price in Knox County, Kentucky?
The median home price in Knox County, Kentucky is $87,692, lower than the Kentucky average of $118,017.
What is the average home price in Knox County, Kentucky?
The typical home price in Knox County, Kentucky, reported as the median sale price, is $87,692. 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 Knox County, Kentucky?
The median gross rent in Knox County, Kentucky is $680 per month, lower than the Kentucky average of $967.
What was the median gross rent in Knox County in 2020?
In 2020, the median gross rent in Knox County, Kentucky was $551 per month.
What is the price-to-rent ratio in Knox County, Kentucky?
The price-to-rent ratio in Knox County, Kentucky is about 10.7, meaning it would take roughly 10.7 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 Knox County.
Are home prices or rent rising faster in Knox County, Kentucky?
Both home prices and rent are rising in Knox County, up about 3.9% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Knox County, Kentucky?
55.2% of households in Knox County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Knox County, Kentucky?
The housing vacancy rate in Knox County, Kentucky is 15.5%, higher than the Kentucky average of 10.3%.
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