Marshall County, Kentucky Housing Market Prices
Marshall 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 93% above the Kentucky median More expensive than 89% of counties in Kentucky$228,124
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Median rent 18% below the Kentucky median$797
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Marshall County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $228,124 | $118,017 | $248,835 |
| Price Trend (Annual %) | 23.8% | 3.8% | 7.5% |
| Median Gross Rent | $797 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Marshall County is about 93% higher than in Kentucky. Rent is about 18% 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 Marshall County, up about 23.8% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Marshall County rose about 34.0% between 2015 and 2024, from $595 to $797. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Marshall County.
Buying the median-priced home in Marshall County costs roughly 23.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Marshall County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Marshall County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $228,124 | $118,017 | $248,835 |
| Median Household Income | $67,559 | $64,312 | $80,455 |
| Price-to-Income Ratio | 3.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Marshall County rose about 225.3%, while median household income rose about 50.1% 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 | Marshall County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.0% | 61.3% | 58.5% |
| Rental Rate | 14.7% | 28.4% | 31.2% |
| Vacancy Rate | 20.3% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Marshall County has a homeownership rate of 65.0%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 20.3%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Marshall County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1982 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Marshall County was built around 1982. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Marshall County, KY Housing Compared With Nearby Counties
How Marshall County, KY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Marshall County, KY | 31,743 | $228,124 #1/2 | $797 #2/2 | 81.6% #1/2 |
| McCracken County, KY | 67,525 | $23,192 | $897 | 68.9% |
Frequently Asked Questions
Common questions about the housing market in Marshall County, Kentucky.
What is the median home price in Marshall County, Kentucky?
The median home price in Marshall County, Kentucky is $228,124, higher than the Kentucky average of $118,017.
What is the average home price in Marshall County, Kentucky?
The typical home price in Marshall County, Kentucky, reported as the median sale price, is $228,124. 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 Marshall County, Kentucky?
The median gross rent in Marshall County, Kentucky is $797 per month, lower than the Kentucky average of $967.
What was the median gross rent in Marshall County in 2020?
In 2020, the median gross rent in Marshall County, Kentucky was $724 per month.
What is the price-to-rent ratio in Marshall County, Kentucky?
The price-to-rent ratio in Marshall County, Kentucky is about 23.9, meaning it would take roughly 23.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Marshall County.
Are home prices or rent rising faster in Marshall County, Kentucky?
Both home prices and rent are rising in Marshall County, up about 23.8% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Marshall County, Kentucky?
65.0% of households in Marshall County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Marshall County, Kentucky?
The housing vacancy rate in Marshall County, Kentucky is 20.3%, higher than the Kentucky average of 10.3%.
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