Paducah, Kentucky Housing Market Prices
Paducah 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 83% below the Kentucky median$19,679
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Median rent 12% below the Kentucky median$853
Housing Market Overview
| Metric | Paducah | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,679 | $118,017 | $248,835 |
| Price Trend (Annual %) | -5.6% | 3.8% | 7.5% |
| Median Gross Rent | $853 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Paducah is about 83% lower than in Kentucky. Rent is about 12% 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 Paducah: home prices fell about 5.6% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
Median rent in Paducah rose about 43.1% between 2015 and 2024, from $596 to $853. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Paducah.
Buying the median-priced home in Paducah costs roughly 1.9 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 Paducah. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Paducah | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,679 | $118,017 | $248,835 |
| Median Household Income | $54,674 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Paducah fell about 68.9%, while median household income rose about 61.1% 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 | Paducah | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.8% | 61.3% | 58.5% |
| Rental Rate | 33.3% | 28.4% | 31.2% |
| Vacancy Rate | 14.9% | 10.3% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Paducah has a homeownership rate of 51.8%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 14.9%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Paducah | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1969 | 1981 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Paducah was built around 1969. On average, 2.3 people live in a home with about 5.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Paducah, Kentucky.
What is the median home price in Paducah, Kentucky?
The median home price in Paducah, Kentucky is $19,679, lower than the Kentucky average of $118,017.
What is the average home price in Paducah, Kentucky?
The typical home price in Paducah, Kentucky, reported as the median sale price, is $19,679. 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 Paducah, Kentucky?
The median gross rent in Paducah, Kentucky is $853 per month, lower than the Kentucky average of $967.
What was the median gross rent in Paducah in 2020?
In 2020, the median gross rent in Paducah, Kentucky was $731 per month.
What is the price-to-rent ratio in Paducah, Kentucky?
The price-to-rent ratio in Paducah, Kentucky is about 1.9, meaning it would take roughly 1.9 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 Paducah.
Are home prices or rent rising faster in Paducah, Kentucky?
Home prices and rent are moving in opposite directions in Paducah: home prices fell about 5.6% a year while rent rose about 4.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Paducah, Kentucky?
51.8% of households in Paducah, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Paducah, Kentucky?
The housing vacancy rate in Paducah, Kentucky is 14.9%, higher than the Kentucky average of 10.3%.
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