Oldham County, Kentucky Housing Market Prices
Oldham 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 168% above the Kentucky median$316,669
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Median rent 26% above the Kentucky median Among the 3 most expensive counties in Kentucky$1,218
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Oldham County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,669 | $118,017 | $248,835 |
| Price Trend (Annual %) | 17.1% | 3.8% | 7.5% |
| Median Gross Rent | $1,218 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Oldham County is about 168% higher than in Kentucky. Rent is about 26% 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 Oldham County, up about 17.1% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Oldham County rose about 46.2% between 2015 and 2024, from $833 to $1,218. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Oldham County.
Buying the median-priced home in Oldham County costs roughly 21.7 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 Oldham County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Oldham County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,669 | $118,017 | $248,835 |
| Median Household Income | $123,816 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Oldham County rose about 47.0%, while median household income rose about 52.1% 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 | Oldham County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 84.1% | 61.3% | 58.5% |
| Rental Rate | 12.4% | 28.4% | 31.2% |
| Vacancy Rate | 3.4% | 10.3% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Oldham County has a homeownership rate of 84.1%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 3.4%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Oldham County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.84 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1994 | 1981 | 1978 |
| Median Number of Rooms | 7.4 | 5.7 | 5.5 |
The typical housing unit in Oldham County was built around 1994. On average, 2.8 people live in a home with about 7.4 rooms, staying for about 16.0 years on average.
Oldham County, KY Housing Compared With Nearby Counties
Oldham County, KY is the 3rd largest of the 4 counties compared here, 69,249 residents against a local median of 124,346. The measure that sets Oldham County, KY apart most is median home price: $316,669, 64% above the local median of $192,770.
Homeownership tells the same story from another angle: 87.1% against a local median of 73.9%, 18% above it. The one measure here that carries a verdict is homeownership, and at 18% above the local median it puts Oldham County, KY at the better end of the local range. The counties themselves sit within $61,444 of each other on median home price, a tighter band than the gap between any of them and Oldham County, KY, which makes it a genuine outlier here rather than one end of a wide local spread. Oldham County, KY has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Oldham County, KY | 69,249 | $316,669 #1/4 | $1,218 #1/4 | 87.1% #1/4 |
| Clark County, IN | 124,346 | $192,770 | $1,129 | 74.7% |
| Jefferson County, KY | 781,949 | $162,419 | $1,148 | 62.1% |
| Shelby County, KY | 49,096 | $223,863 | $1,033 | 73.9% |
Frequently Asked Questions
Common questions about the housing market in Oldham County, Kentucky.
What is the median home price in Oldham County, Kentucky?
The median home price in Oldham County, Kentucky is $316,669, higher than the Kentucky average of $118,017.
What is the average home price in Oldham County, Kentucky?
The typical home price in Oldham County, Kentucky, reported as the median sale price, is $316,669. 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 Oldham County, Kentucky?
The median gross rent in Oldham County, Kentucky is $1,218 per month, higher than the Kentucky average of $967.
What was the median gross rent in Oldham County in 2020?
In 2020, the median gross rent in Oldham County, Kentucky was $964 per month.
What is the price-to-rent ratio in Oldham County, Kentucky?
The price-to-rent ratio in Oldham County, Kentucky is about 21.7, meaning it would take roughly 21.7 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 Oldham County.
Are home prices or rent rising faster in Oldham County, Kentucky?
Both home prices and rent are rising in Oldham County, up about 17.1% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Oldham County, Kentucky?
84.1% of households in Oldham County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Oldham County, Kentucky?
The housing vacancy rate in Oldham County, Kentucky is 3.4%, lower than the Kentucky average of 10.3%.
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