Perry County, Kentucky Housing Market Prices
Perry 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 76% below the Kentucky median Cheaper than 88% of counties in Kentucky$28,169
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Median rent 18% below the Kentucky median$797
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Perry County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,169 | $118,017 | $248,835 |
| Price Trend (Annual %) | 5.8% | 3.8% | 7.5% |
| Median Gross Rent | $797 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Perry County is about 76% 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 Perry County, up about 5.8% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Perry County rose about 49.1% between 2015 and 2024, from $534 to $797. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.7 yearly household incomes in Perry County.
Buying the median-priced home in Perry County costs roughly 2.9 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 Perry County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Perry County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $28,169 | $118,017 | $248,835 |
| Median Household Income | $42,766 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Perry County fell about 82.0%, while median household income rose about 36.1% 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 | Perry County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.7% | 61.3% | 58.5% |
| Rental Rate | 24.7% | 28.4% | 31.2% |
| Vacancy Rate | 16.7% | 10.3% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Perry County has a homeownership rate of 58.7%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 16.7%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Perry County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1984 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Perry County was built around 1984. On average, 2.4 people live in a home with about 5.8 rooms, staying for about 19.0 years on average.
Perry County, KY Housing Compared With Nearby Counties
Perry County, KY is the largest of the 4 counties compared here, 27,499 residents against a local median of 20,808. Where Perry County, KY breaks from the counties next to it is median home price, sitting 68% below the local median of $88,234 at $28,169.
Median rent tells the same story from another angle: $797 against a local median of $678, 18% above it. The counties themselves spread $81,709 on median home price, so Perry County, KY sits at one end of an already wide local range rather than apart from it. Perry County, KY has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Perry County, KY | 27,499 | $28,169 #3/4 | $797 #1/4 | 70.4% #4/4 |
| Knott County, KY | 13,830 | $88,234 | $756 | 72.7% |
| Letcher County, KY | 20,808 | $22,812 | $669 | 74.1% |
| Harlan County, KY | 25,771 | $104,521 | $678 | 71.6% |
Frequently Asked Questions
Common questions about the housing market in Perry County, Kentucky.
What is the median home price in Perry County, Kentucky?
The median home price in Perry County, Kentucky is $28,169, lower than the Kentucky average of $118,017.
What is the average home price in Perry County, Kentucky?
The typical home price in Perry County, Kentucky, reported as the median sale price, is $28,169. 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 Perry County, Kentucky?
The median gross rent in Perry County, Kentucky is $797 per month, lower than the Kentucky average of $967.
What was the median gross rent in Perry County in 2020?
In 2020, the median gross rent in Perry County, Kentucky was $703 per month.
What is the price-to-rent ratio in Perry County, Kentucky?
The price-to-rent ratio in Perry County, Kentucky is about 2.9, meaning it would take roughly 2.9 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 Perry County.
Are home prices or rent rising faster in Perry County, Kentucky?
Both home prices and rent are rising in Perry County, up about 5.8% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Perry County, Kentucky?
58.7% of households in Perry County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Perry County, Kentucky?
The housing vacancy rate in Perry County, Kentucky is 16.7%, higher than the Kentucky average of 10.3%.
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