McLean County, Kentucky Housing Market Prices
McLean 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 66% below the Kentucky median Cheaper than 83% of counties in Kentucky$40,000
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Median rent 34% below the Kentucky median Cheaper than 87% of counties in Kentucky$641
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McLean County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $40,000 | $118,017 | $248,835 |
| Price Trend (Annual %) | -4.5% | 3.8% | 7.5% |
| Median Gross Rent | $641 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McLean County is about 66% lower than in Kentucky. Rent is about 34% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in McLean County: home prices fell about 4.5% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
Median rent in McLean County rose about 30.9% between 2015 and 2024, from $489 to $641. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in McLean County.
Buying the median-priced home in McLean County costs roughly 5.2 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 McLean County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | McLean County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $40,000 | $118,017 | $248,835 |
| Median Household Income | $67,096 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McLean County fell about 41.6%, while median household income rose about 52.6% 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 | McLean County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.2% | 61.3% | 58.5% |
| Rental Rate | 15.0% | 28.4% | 31.2% |
| Vacancy Rate | 12.7% | 10.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
McLean County has a homeownership rate of 72.2%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 12.7%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | McLean County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1980 | 1981 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in McLean County was built around 1980. On average, 2.5 people live in a home with about 6.1 rooms, staying for about 19.0 years on average.
McLean County, KY Housing Compared With Nearby Counties
McLean County, KY is the smallest of the 6 counties compared here, 9,114 residents against a local median of 44,257. Where McLean County, KY breaks from the counties next to it is median home price, sitting 42% below the local median of $68,749 at $40,000.
Median rent tells the same story from another angle: $641 against a local median of $777, 18% below it. The one measure here that carries a verdict is homeownership, and at 17% above the local median it puts McLean County, KY at the better end of the local range. The counties themselves spread $193,035 on median home price, so McLean County, KY sits at one end of an already wide local range rather than apart from it. McLean County, KY has the 5th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McLean County, KY | 9,114 | $40,000 #5/6 | $641 #6/6 | 82.8% #1/6 |
| Daviess County, KY | 103,589 | $212,371 | $918 | 68.1% |
| Muhlenberg County, KY | 30,591 | $68,749 | $718 | 78.8% |
| Hopkins County, KY | 45,117 | $131,322 | $836 | 70.7% |
| Henderson County, KY | 44,257 | $57,499 | $777 | 64.9% |
| Ohio County, KY | 23,735 | $19,336 | $738 | 77.2% |
Frequently Asked Questions
Common questions about the housing market in McLean County, Kentucky.
What is the median home price in McLean County, Kentucky?
The median home price in McLean County, Kentucky is $40,000, lower than the Kentucky average of $118,017.
What is the average home price in McLean County, Kentucky?
The typical home price in McLean County, Kentucky, reported as the median sale price, is $40,000. 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 McLean County, Kentucky?
The median gross rent in McLean County, Kentucky is $641 per month, lower than the Kentucky average of $967.
What was the median gross rent in McLean County in 2020?
In 2020, the median gross rent in McLean County, Kentucky was $520 per month.
What is the price-to-rent ratio in McLean County, Kentucky?
The price-to-rent ratio in McLean County, Kentucky is about 5.2, meaning it would take roughly 5.2 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 McLean County.
Are home prices or rent rising faster in McLean County, Kentucky?
Home prices and rent are moving in opposite directions in McLean County: home prices fell about 4.5% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in McLean County, Kentucky?
72.2% of households in McLean County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in McLean County, Kentucky?
The housing vacancy rate in McLean County, Kentucky is 12.7%, higher than the Kentucky average of 10.3%.
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