Marion County, Kentucky Housing Market Prices
Marion 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 38% below the Kentucky median$73,333
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Median rent 25% below the Kentucky median$725
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marion County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,333 | $118,017 | $248,835 |
| Price Trend (Annual %) | 8.7% | 3.8% | 7.5% |
| Median Gross Rent | $725 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marion County is about 38% lower than in Kentucky. Rent is about 25% 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 Marion County, up about 8.7% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Marion County rose about 30.9% between 2015 and 2024, from $554 to $725. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Marion County.
Buying the median-priced home in Marion County costs roughly 8.4 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 Marion County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Marion County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $73,333 | $118,017 | $248,835 |
| Median Household Income | $59,648 | $64,312 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marion County fell about 25.2%, while median household income rose about 44.3% 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 | Marion County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.8% | 61.3% | 58.5% |
| Rental Rate | 20.3% | 28.4% | 31.2% |
| Vacancy Rate | 8.9% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Marion County has a homeownership rate of 70.8%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 8.9%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Marion County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1982 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Marion County was built around 1982. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 16.0 years on average.
Marion County, KY Housing Compared With Nearby Counties
Marion County, KY is the 3rd largest of the 4 counties compared here, 19,749 residents against a local median of 26,397. The measure that sets Marion County, KY apart most is median home price: $73,333, 44% below the local median of $130,067.
The counties themselves spread $243,096 on median home price, so Marion County, KY sits at one end of an already wide local range rather than apart from it. Marion County, KY has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marion County, KY | 19,749 | $73,333 #3/4 | $725 #2/4 | 77.7% #2/4 |
| Taylor County, KY | 26,397 | $34,744 | $717 | 68.8% |
| Nelson County, KY | 47,606 | $277,840 | $1,008 | 78.3% |
| Green County, KY | 11,369 | $130,067 | $609 | 77.6% |
Frequently Asked Questions
Common questions about the housing market in Marion County, Kentucky.
What is the median home price in Marion County, Kentucky?
The median home price in Marion County, Kentucky is $73,333, lower than the Kentucky average of $118,017.
What is the average home price in Marion County, Kentucky?
The typical home price in Marion County, Kentucky, reported as the median sale price, is $73,333. 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 Marion County, Kentucky?
The median gross rent in Marion County, Kentucky is $725 per month, lower than the Kentucky average of $967.
What was the median gross rent in Marion County in 2020?
In 2020, the median gross rent in Marion County, Kentucky was $656 per month.
What is the price-to-rent ratio in Marion County, Kentucky?
The price-to-rent ratio in Marion County, Kentucky is about 8.4, meaning it would take roughly 8.4 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 Marion County.
Are home prices or rent rising faster in Marion County, Kentucky?
Both home prices and rent are rising in Marion County, up about 8.7% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marion County, Kentucky?
70.8% of households in Marion County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Marion County, Kentucky?
The housing vacancy rate in Marion County, Kentucky is 8.9%, lower than the Kentucky average of 10.3%.
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