Lawrence County, Kentucky Housing Market Prices
Lawrence 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 6% below the Kentucky median$111,428
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Median rent 21% below the Kentucky median$760
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lawrence County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $111,428 | $118,017 | $248,835 |
| Price Trend (Annual %) | 8.9% | 3.8% | 7.5% |
| Median Gross Rent | $760 | $967 | $1,407 |
| Rent Trend (Annual %) | 5.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lawrence County is about 6% lower than in Kentucky. Rent is about 21% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lawrence County, up about 8.9% and 5.3% a year respectively. Home prices are changing faster.
Median rent in Lawrence County rose about 46.5% between 2015 and 2024, from $519 to $760. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Lawrence County.
Buying the median-priced home in Lawrence County costs roughly 12.2 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 Lawrence County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Lawrence County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $111,428 | $118,017 | $248,835 |
| Median Household Income | $47,137 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Lawrence County rose about 79.1%, while median household income rose about 62.2% 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 | Lawrence County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.9% | 61.3% | 58.5% |
| Rental Rate | 18.5% | 28.4% | 31.2% |
| Vacancy Rate | 16.6% | 10.3% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Lawrence County has a homeownership rate of 64.9%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 16.6%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Lawrence County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.51 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1988 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Lawrence County was built around 1988. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 20.0 years on average.
Lawrence County, KY Housing Compared With Nearby Counties
Lawrence County, KY is the 4th largest of the 6 counties compared here, 16,077 residents against a local median of 22,334. Where Lawrence County, KY breaks from the counties next to it is median home price, sitting 28% above the local median of $87,311 at $111,428.
The counties themselves spread $103,287 on median home price, so Lawrence County, KY sits at one end of an already wide local range rather than apart from it. Lawrence County, KY has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lawrence County, KY | 16,077 | $111,428 #1/6 | $760 #3/6 | 77.8% #4/6 |
| Johnson County, KY | 22,334 | $87,311 | $708 | 68.3% |
| Boyd County, KY | 47,914 | $110,938 | $849 | 70.2% |
| Wayne County, WV | 38,164 | $98,860 | $915 | 78.6% |
| Martin County, KY | 11,027 | $19,365 | $450 | 84.9% |
| Elliott County, KY | 7,307 | $7,651 | $432 | 81.7% |
Frequently Asked Questions
Common questions about the housing market in Lawrence County, Kentucky.
What is the median home price in Lawrence County, Kentucky?
The median home price in Lawrence County, Kentucky is $111,428, lower than the Kentucky average of $118,017.
What is the average home price in Lawrence County, Kentucky?
The typical home price in Lawrence County, Kentucky, reported as the median sale price, is $111,428. 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 Lawrence County, Kentucky?
The median gross rent in Lawrence County, Kentucky is $760 per month, lower than the Kentucky average of $967.
What was the median gross rent in Lawrence County in 2020?
In 2020, the median gross rent in Lawrence County, Kentucky was $632 per month.
What is the price-to-rent ratio in Lawrence County, Kentucky?
The price-to-rent ratio in Lawrence County, Kentucky is about 12.2, meaning it would take roughly 12.2 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 Lawrence County.
Are home prices or rent rising faster in Lawrence County, Kentucky?
Both home prices and rent are rising in Lawrence County, up about 8.9% and 5.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lawrence County, Kentucky?
64.9% of households in Lawrence County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Lawrence County, Kentucky?
The housing vacancy rate in Lawrence County, Kentucky is 16.6%, higher than the Kentucky average of 10.3%.
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