Powell County, Kentucky Housing Market Prices
Powell 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 61% below the Kentucky median Cheaper than 77% of counties in Kentucky$46,339
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Median rent 23% below the Kentucky median$746
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Powell County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $46,339 | $118,017 | $248,835 |
| Price Trend (Annual %) | -10.3% | 3.8% | 7.5% |
| Median Gross Rent | $746 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Powell County is about 61% lower than in Kentucky. Rent is about 23% 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 Powell County: home prices fell about 10.3% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
Median rent in Powell County rose about 37.7% between 2015 and 2024, from $542 to $746. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 1.2 yearly household incomes in Powell County.
Buying the median-priced home in Powell County costs roughly 5.2 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 Powell County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Powell County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $46,339 | $118,017 | $248,835 |
| Median Household Income | $40,249 | $64,312 | $80,455 |
| Price-to-Income Ratio | 1.2 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Powell County fell about 5.8%, while median household income rose about 30.0% 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 | Powell County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.9% | 61.3% | 58.5% |
| Rental Rate | 26.9% | 28.4% | 31.2% |
| Vacancy Rate | 15.2% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Powell County has a homeownership rate of 57.9%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 15.2%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Powell County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1984 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.7 | 5.5 |
The typical housing unit in Powell County was built around 1984. On average, 2.6 people live in a home with about 5.5 rooms, staying for about 17.0 years on average.
Powell County, KY Housing Compared With Nearby Counties
How Powell County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Powell County, KY | 13,038 | $46,339 #3/3 | $746 #2/3 | 68.2% #3/3 |
| Montgomery County, KY | 28,394 | $137,665 | $830 | 68.3% |
| Menifee County, KY | 6,230 | $130,288 | $674 | 75.5% |
Frequently Asked Questions
Common questions about the housing market in Powell County, Kentucky.
What is the median home price in Powell County, Kentucky?
The median home price in Powell County, Kentucky is $46,339, lower than the Kentucky average of $118,017.
What is the average home price in Powell County, Kentucky?
The typical home price in Powell County, Kentucky, reported as the median sale price, is $46,339. 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 Powell County, Kentucky?
The median gross rent in Powell County, Kentucky is $746 per month, lower than the Kentucky average of $967.
What was the median gross rent in Powell County in 2020?
In 2020, the median gross rent in Powell County, Kentucky was $692 per month.
What is the price-to-rent ratio in Powell County, Kentucky?
The price-to-rent ratio in Powell County, Kentucky is about 5.2, meaning it would take roughly 5.2 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 Powell County.
Are home prices or rent rising faster in Powell County, Kentucky?
Home prices and rent are moving in opposite directions in Powell County: home prices fell about 10.3% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Powell County, Kentucky?
57.9% of households in Powell County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Powell County, Kentucky?
The housing vacancy rate in Powell County, Kentucky is 15.2%, higher than the Kentucky average of 10.3%.
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