Pendleton County, Kentucky Housing Market Prices
Pendleton 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 24% below the Kentucky median$89,463
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Median rent 18% below the Kentucky median$792
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pendleton County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,463 | $118,017 | $248,835 |
| Price Trend (Annual %) | 21.9% | 3.8% | 7.5% |
| Median Gross Rent | $792 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pendleton County is about 24% lower than in Kentucky. Rent is about 18% lower 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 Pendleton County, up about 21.9% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Pendleton County rose about 35.9% between 2015 and 2024, from $583 to $792. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Pendleton County.
Buying the median-priced home in Pendleton County costs roughly 9.4 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 Pendleton County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Pendleton County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,463 | $118,017 | $248,835 |
| Median Household Income | $66,222 | $64,312 | $80,455 |
| Price-to-Income Ratio | 1.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Pendleton County rose about 35.2%, while median household income rose about 37.6% 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 | Pendleton County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.5% | 61.3% | 58.5% |
| Rental Rate | 21.9% | 28.4% | 31.2% |
| Vacancy Rate | 13.6% | 10.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Pendleton County has a homeownership rate of 64.5%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 13.6%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Pendleton County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1981 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Pendleton County was built around 1981. On average, 2.7 people live in a home with about 6.0 rooms, staying for about 18.0 years on average.
Pendleton County, KY Housing Compared With Nearby Counties
Pendleton County, KY is the smallest of the 4 counties compared here, 14,723 residents against a local median of 93,398. Pendleton County, KY's median home price, at $89,463, runs 37% below the $141,203 typical of the counties around it.
Median rent tells the same story from another angle: $792 against a local median of $1,068, 26% below it. The counties themselves spread $83,191 on median home price, so Pendleton County, KY sits at one end of an already wide local range rather than apart from it. Pendleton County, KY has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Pendleton County, KY | 14,723 | $89,463 #4/4 | $792 #4/4 | 74.7% #2/4 |
| Campbell County, KY | 93,398 | $210,628 | $1,144 | 71.1% |
| Grant County, KY | 25,418 | $141,203 | $861 | 75.1% |
| Kenton County, KY | 171,173 | $127,436 | $1,068 | 70.8% |
Frequently Asked Questions
Common questions about the housing market in Pendleton County, Kentucky.
What is the median home price in Pendleton County, Kentucky?
The median home price in Pendleton County, Kentucky is $89,463, lower than the Kentucky average of $118,017.
What is the average home price in Pendleton County, Kentucky?
The typical home price in Pendleton County, Kentucky, reported as the median sale price, is $89,463. 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 Pendleton County, Kentucky?
The median gross rent in Pendleton County, Kentucky is $792 per month, lower than the Kentucky average of $967.
What was the median gross rent in Pendleton County in 2020?
In 2020, the median gross rent in Pendleton County, Kentucky was $758 per month.
What is the price-to-rent ratio in Pendleton County, Kentucky?
The price-to-rent ratio in Pendleton County, Kentucky is about 9.4, meaning it would take roughly 9.4 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 Pendleton County.
Are home prices or rent rising faster in Pendleton County, Kentucky?
Both home prices and rent are rising in Pendleton County, up about 21.9% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pendleton County, Kentucky?
64.5% of households in Pendleton County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Pendleton County, Kentucky?
The housing vacancy rate in Pendleton County, Kentucky is 13.6%, higher than the Kentucky average of 10.3%.
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