Meade County, Kentucky Housing Market Prices
Meade 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 58% above the Kentucky median More expensive than 76% of counties in Kentucky$186,458
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Median rent 6% above the Kentucky median More expensive than 91% of counties in Kentucky$1,025
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Meade County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,458 | $118,017 | $248,835 |
| Price Trend (Annual %) | 12.1% | 3.8% | 7.5% |
| Median Gross Rent | $1,025 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Meade County is about 58% higher than in Kentucky. Rent is about 6% higher 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 Meade County, up about 12.1% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Meade County rose about 32.9% between 2015 and 2024, from $772 to $1,025. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Meade County.
Buying the median-priced home in Meade County costs roughly 15.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Meade County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Meade County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,458 | $118,017 | $248,835 |
| Median Household Income | $73,987 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Meade County rose about 43.1%, while median household income rose about 63.9% 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 | Meade County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.6% | 61.3% | 58.5% |
| Rental Rate | 23.3% | 28.4% | 31.2% |
| Vacancy Rate | 10.1% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Meade County has a homeownership rate of 66.6%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 10.1%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Meade County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.72 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1988 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Meade County was built around 1988. On average, 2.7 people live in a home with about 6.0 rooms, staying for about 15.0 years on average.
Meade County, KY Housing Compared With Nearby Counties
Meade County, KY is typical in size for this group, 30,155 residents against a local median of 30,373, so the measures below are close to a like for like comparison. The measure that sets Meade County, KY apart most is median rent: $1,025, 31% above the local median of $784.
The counties themselves spread $284 on median rent, so Meade County, KY sits at one end of an already wide local range rather than apart from it. Meade County, KY has the highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Meade County, KY | 30,155 | $186,458 #2/5 | $1,025 #1/5 | 74.1% #4/5 |
| Harrison County, IN | 39,866 | $167,253 | $836 | 83.6% |
| Breckinridge County, KY | 20,880 | $172,465 | $732 | 81.4% |
| Hardin County, KY | 111,942 | $231,140 | $970 | 62.6% |
| Crawford County, IN | 10,499 | $163,571 | $686 | 81.3% |
Frequently Asked Questions
Common questions about the housing market in Meade County, Kentucky.
What is the median home price in Meade County, Kentucky?
The median home price in Meade County, Kentucky is $186,458, higher than the Kentucky average of $118,017.
What is the average home price in Meade County, Kentucky?
The typical home price in Meade County, Kentucky, reported as the median sale price, is $186,458. 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 Meade County, Kentucky?
The median gross rent in Meade County, Kentucky is $1,025 per month, higher than the Kentucky average of $967.
What was the median gross rent in Meade County in 2020?
In 2020, the median gross rent in Meade County, Kentucky was $855 per month.
What is the price-to-rent ratio in Meade County, Kentucky?
The price-to-rent ratio in Meade County, Kentucky is about 15.2, meaning it would take roughly 15.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Meade County.
Are home prices or rent rising faster in Meade County, Kentucky?
Both home prices and rent are rising in Meade County, up about 12.1% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Meade County, Kentucky?
66.6% of households in Meade County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Meade County, Kentucky?
The housing vacancy rate in Meade County, Kentucky is 10.1%, lower than the Kentucky average of 10.3%.
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