Lincoln County, Kentucky Housing Market Prices
Lincoln 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 80% below the Kentucky median Cheaper than 90% of counties in Kentucky$23,408
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Median rent 28% below the Kentucky median Cheaper than 74% of counties in Kentucky$697
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lincoln County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,408 | $118,017 | $248,835 |
| Price Trend (Annual %) | 6.0% | 3.8% | 7.5% |
| Median Gross Rent | $697 | $967 | $1,407 |
| Rent Trend (Annual %) | 1.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lincoln County is about 80% lower than in Kentucky. Rent is about 28% 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 Lincoln County, up about 6.0% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Lincoln County rose about 22.6% between 2015 and 2024, from $569 to $697. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Lincoln County.
Buying the median-priced home in Lincoln County costs roughly 2.8 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 Lincoln County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Lincoln County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,408 | $118,017 | $248,835 |
| Median Household Income | $52,661 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lincoln County fell about 26.9%, while median household income rose about 47.2% 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 | Lincoln County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 61.3% | 58.5% |
| Rental Rate | 20.9% | 28.4% | 31.2% |
| Vacancy Rate | 11.3% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Lincoln County has a homeownership rate of 67.8%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 11.3%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Lincoln County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.50 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1985 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Lincoln County was built around 1985. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Lincoln County, KY Housing Compared With Nearby Counties
How Lincoln County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lincoln County, KY | 24,512 | $23,408 #3/3 | $697 #2/3 | 76.4% #1/3 |
| Rockcastle County, KY | 16,158 | $46,957 | $676 | 74.3% |
| Pulaski County, KY | 65,897 | $83,012 | $803 | 72.5% |
Frequently Asked Questions
Common questions about the housing market in Lincoln County, Kentucky.
What is the median home price in Lincoln County, Kentucky?
The median home price in Lincoln County, Kentucky is $23,408, lower than the Kentucky average of $118,017.
What is the average home price in Lincoln County, Kentucky?
The typical home price in Lincoln County, Kentucky, reported as the median sale price, is $23,408. 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 Lincoln County, Kentucky?
The median gross rent in Lincoln County, Kentucky is $697 per month, lower than the Kentucky average of $967.
What was the median gross rent in Lincoln County in 2020?
In 2020, the median gross rent in Lincoln County, Kentucky was $604 per month.
What is the price-to-rent ratio in Lincoln County, Kentucky?
The price-to-rent ratio in Lincoln County, Kentucky is about 2.8, meaning it would take roughly 2.8 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 Lincoln County.
Are home prices or rent rising faster in Lincoln County, Kentucky?
Both home prices and rent are rising in Lincoln County, up about 6.0% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lincoln County, Kentucky?
67.8% of households in Lincoln County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Lincoln County, Kentucky?
The housing vacancy rate in Lincoln County, Kentucky is 11.3%, higher than the Kentucky average of 10.3%.
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