Nelson County, Kentucky Housing Market Prices
Nelson 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 135% above the Kentucky median More expensive than 92% of counties in Kentucky$277,840
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Median rent 4% above the Kentucky median More expensive than 89% of counties in Kentucky$1,008
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Nelson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $277,840 | $118,017 | $248,835 |
| Price Trend (Annual %) | 18.4% | 3.8% | 7.5% |
| Median Gross Rent | $1,008 | $967 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Nelson County is about 135% higher than in Kentucky. Rent is about 4% 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 Nelson County, up about 18.4% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Nelson County rose about 43.6% between 2015 and 2024, from $702 to $1,008. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Nelson County.
Buying the median-priced home in Nelson County costs roughly 23.0 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 Nelson County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Nelson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $277,840 | $118,017 | $248,835 |
| Median Household Income | $69,485 | $64,312 | $80,455 |
| Price-to-Income Ratio | 4.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Nelson County rose about 252.9%, while median household income rose about 43.5% 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 | Nelson County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.8% | 61.3% | 58.5% |
| Rental Rate | 20.4% | 28.4% | 31.2% |
| Vacancy Rate | 5.8% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Nelson County has a homeownership rate of 73.8%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 5.8%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Nelson County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1990 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Nelson County was built around 1990. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 15.0 years on average.
Nelson County, KY Housing Compared With Nearby Counties
Nelson County, KY is the 2nd largest of the 4 counties compared here, 47,606 residents against a local median of 19,749. Where Nelson County, KY breaks from the counties next to it is median home price, sitting 95% above the local median of $142,648 at $277,840.
Median rent tells the same story from another angle: $1,008 against a local median of $859, 17% above it. The counties themselves spread $113,782 on median home price, so Nelson County, KY sits at one end of an already wide local range rather than apart from it. Nelson County, KY has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Nelson County, KY | 47,606 | $277,840 #1/4 | $1,008 #1/4 | 78.3% #3/4 |
| Bullitt County, KY | 84,027 | $187,115 | $986 | 84.9% |
| Marion County, KY | 19,749 | $73,333 | $725 | 77.7% |
| Larue County, KY | 15,088 | $142,648 | $859 | 79.4% |
Frequently Asked Questions
Common questions about the housing market in Nelson County, Kentucky.
What is the median home price in Nelson County, Kentucky?
The median home price in Nelson County, Kentucky is $277,840, higher than the Kentucky average of $118,017.
What is the average home price in Nelson County, Kentucky?
The typical home price in Nelson County, Kentucky, reported as the median sale price, is $277,840. 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 Nelson County, Kentucky?
The median gross rent in Nelson County, Kentucky is $1,008 per month, higher than the Kentucky average of $967.
What was the median gross rent in Nelson County in 2020?
In 2020, the median gross rent in Nelson County, Kentucky was $798 per month.
What is the price-to-rent ratio in Nelson County, Kentucky?
The price-to-rent ratio in Nelson County, Kentucky is about 23.0, meaning it would take roughly 23.0 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 Nelson County.
Are home prices or rent rising faster in Nelson County, Kentucky?
Both home prices and rent are rising in Nelson County, up about 18.4% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Nelson County, Kentucky?
73.8% of households in Nelson County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Nelson County, Kentucky?
The housing vacancy rate in Nelson County, Kentucky is 5.8%, lower than the Kentucky average of 10.3%.
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