Metcalfe County, Kentucky Housing Market Prices
Metcalfe 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% below the Kentucky median Among the top 3 cheapest counties in Kentucky$8,260
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Median rent 40% below the Kentucky median Cheaper than 92% of counties in Kentucky$582
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Metcalfe County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $8,260 | $118,017 | $248,835 |
| Price Trend (Annual %) | -12.5% | 3.8% | 7.5% |
| Median Gross Rent | $582 | $967 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Metcalfe County is about 93% lower than in Kentucky. Rent is about 40% 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 Metcalfe County: home prices fell about 12.5% a year while rent rose about 2.8% a year. That is an unusual pattern worth watching.
Median rent in Metcalfe County rose about 15.5% between 2015 and 2024, from $504 to $582. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Metcalfe County.
Buying the median-priced home in Metcalfe County costs roughly 1.2 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 Metcalfe County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Metcalfe County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $8,260 | $118,017 | $248,835 |
| Median Household Income | $51,015 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Metcalfe County fell about 75.8%, while median household income rose about 32.8% 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 | Metcalfe County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 61.3% | 58.5% |
| Rental Rate | 19.3% | 28.4% | 31.2% |
| Vacancy Rate | 13.4% | 10.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Metcalfe County has a homeownership rate of 67.3%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 13.4%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Metcalfe County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1985 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.7 | 5.5 |
The typical housing unit in Metcalfe County was built around 1985. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 18.0 years on average.
Metcalfe County, KY Housing Compared With Nearby Counties
Metcalfe County, KY is the smallest of the 4 counties compared here, 10,425 residents against a local median of 19,089. Metcalfe County, KY's median home price, at $8,260, runs 94% below the $130,067 typical of the counties around it.
Median rent tells the same story from another angle: $582 against a local median of $771, 25% below it. The counties themselves spread $211,204 on median home price, so Metcalfe County, KY sits at one end of an already wide local range rather than apart from it. Metcalfe County, KY has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Metcalfe County, KY | 10,425 | $8,260 #4/4 | $582 #4/4 | 77.7% #1/4 |
| Green County, KY | 11,369 | $130,067 | $609 | 77.6% |
| Barren County, KY | 44,937 | $230,769 | $795 | 65.2% |
| Adair County, KY | 19,089 | $19,564 | $771 | 77.2% |
Frequently Asked Questions
Common questions about the housing market in Metcalfe County, Kentucky.
What is the median home price in Metcalfe County, Kentucky?
The median home price in Metcalfe County, Kentucky is $8,260, lower than the Kentucky average of $118,017.
What is the average home price in Metcalfe County, Kentucky?
The typical home price in Metcalfe County, Kentucky, reported as the median sale price, is $8,260. 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 Metcalfe County, Kentucky?
The median gross rent in Metcalfe County, Kentucky is $582 per month, lower than the Kentucky average of $967.
What was the median gross rent in Metcalfe County in 2020?
In 2020, the median gross rent in Metcalfe County, Kentucky was $557 per month.
What is the price-to-rent ratio in Metcalfe County, Kentucky?
The price-to-rent ratio in Metcalfe County, Kentucky is about 1.2, meaning it would take roughly 1.2 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 Metcalfe County.
Are home prices or rent rising faster in Metcalfe County, Kentucky?
Home prices and rent are moving in opposite directions in Metcalfe County: home prices fell about 12.5% a year while rent rose about 2.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Metcalfe County, Kentucky?
67.3% of households in Metcalfe County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Metcalfe County, Kentucky?
The housing vacancy rate in Metcalfe County, Kentucky is 13.4%, higher than the Kentucky average of 10.3%.
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