Mason County, Kentucky Housing Market Prices
Mason 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 5% below the Kentucky median$112,665
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Median rent 25% below the Kentucky median$726
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mason County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,665 | $118,017 | $248,835 |
| Price Trend (Annual %) | 2.9% | 3.8% | 7.5% |
| Median Gross Rent | $726 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mason County is about 5% 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 Mason County, up about 2.9% and 3.6% a year respectively. Rent is changing faster.
Median rent in Mason County rose about 33.0% between 2015 and 2024, from $546 to $726. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.1 yearly household incomes in Mason County.
Buying the median-priced home in Mason County costs roughly 12.9 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 Mason County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Mason County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $112,665 | $118,017 | $248,835 |
| Median Household Income | $53,259 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mason County fell about 7.4%, while median household income rose about 35.9% 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 | Mason County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.5% | 61.3% | 58.5% |
| Rental Rate | 29.5% | 28.4% | 31.2% |
| Vacancy Rate | 12.9% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Mason County has a homeownership rate of 57.5%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 12.9%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Mason County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1976 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Mason County was built around 1976. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 16.0 years on average.
Mason County, KY Housing Compared With Nearby Counties
How Mason County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mason County, KY | 16,956 | $112,665 #2/3 | $726 #2/3 | 66.1% #3/3 |
| Fleming County, KY | 15,323 | $355,557 | $715 | 74.8% |
| Brown County, OH | 43,837 | $32,500 | $817 | 77.2% |
Frequently Asked Questions
Common questions about the housing market in Mason County, Kentucky.
What is the median home price in Mason County, Kentucky?
The median home price in Mason County, Kentucky is $112,665, lower than the Kentucky average of $118,017.
What is the average home price in Mason County, Kentucky?
The typical home price in Mason County, Kentucky, reported as the median sale price, is $112,665. 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 Mason County, Kentucky?
The median gross rent in Mason County, Kentucky is $726 per month, lower than the Kentucky average of $967.
What was the median gross rent in Mason County in 2020?
In 2020, the median gross rent in Mason County, Kentucky was $654 per month.
What is the price-to-rent ratio in Mason County, Kentucky?
The price-to-rent ratio in Mason County, Kentucky is about 12.9, meaning it would take roughly 12.9 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 Mason County.
Are home prices or rent rising faster in Mason County, Kentucky?
Both home prices and rent are rising in Mason County, up about 2.9% and 3.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Mason County, Kentucky?
57.5% of households in Mason County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Mason County, Kentucky?
The housing vacancy rate in Mason County, Kentucky is 12.9%, higher than the Kentucky average of 10.3%.
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