Owsley County, Kentucky Housing Market Prices
Owsley 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 28% below the Kentucky median$85,000
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Median rent 54% below the Kentucky median Among the top 3 cheapest counties in Kentucky$447
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Owsley County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,000 | $118,017 | $248,835 |
| Price Trend (Annual %) | 0.9% | 3.8% | 7.5% |
| Median Gross Rent | $447 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Owsley County is about 28% lower than in Kentucky. Rent is about 54% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Owsley County, up about 0.9% and 4.6% a year respectively. Rent is changing faster.
Median rent in Owsley County rose about 27.4% between 2015 and 2024, from $351 to $447. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Owsley County.
Buying the median-priced home in Owsley County costs roughly 15.8 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 Owsley County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Owsley County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $85,000 | $118,017 | $248,835 |
| Median Household Income | $23,922 | $64,312 | $80,455 |
| Price-to-Income Ratio | 3.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Owsley County rose about 88.9%, while median household income rose about 48.4% 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 | Owsley County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.6% | 61.3% | 58.5% |
| Rental Rate | 22.8% | 28.4% | 31.2% |
| Vacancy Rate | 23.6% | 10.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Owsley County has a homeownership rate of 53.6%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 23.6%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Owsley County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1990 | 1981 | 1978 |
| Median Number of Rooms | 4.8 | 5.7 | 5.5 |
The typical housing unit in Owsley County was built around 1990. On average, 2.5 people live in a home with about 4.8 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Owsley County, Kentucky.
What is the median home price in Owsley County, Kentucky?
The median home price in Owsley County, Kentucky is $85,000, lower than the Kentucky average of $118,017.
What is the average home price in Owsley County, Kentucky?
The typical home price in Owsley County, Kentucky, reported as the median sale price, is $85,000. 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 Owsley County, Kentucky?
The median gross rent in Owsley County, Kentucky is $447 per month, lower than the Kentucky average of $967.
What was the median gross rent in Owsley County in 2020?
In 2020, the median gross rent in Owsley County, Kentucky was $325 per month.
What is the price-to-rent ratio in Owsley County, Kentucky?
The price-to-rent ratio in Owsley County, Kentucky is about 15.8, meaning it would take roughly 15.8 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 Owsley County.
Are home prices or rent rising faster in Owsley County, Kentucky?
Both home prices and rent are rising in Owsley County, up about 0.9% and 4.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Owsley County, Kentucky?
53.6% of households in Owsley County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Owsley County, Kentucky?
The housing vacancy rate in Owsley County, Kentucky is 23.6%, higher than the Kentucky average of 10.3%.
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