Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Pulaski County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,582 | $126,174 | $242,182 |
| Price Trend (Annual %) | 3.6% | 5.3% | 8.2% |
| Median Gross Rent | $835 | $933 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pulaski County is about 29% lower than in Kentucky. Rent is about 10% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Pulaski County, up about 3.6% and 4.6% a year respectively. Rent is changing faster.
Median rent in Pulaski County rose about 39.9% between 2015 and 2023, from $597 to $835. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Pulaski County.
Buying the median-priced home in Pulaski County costs roughly 8.9 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 Pulaski County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Pulaski County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $89,582 | $126,174 | $242,182 |
| Median Household Income | $51,200 | $62,784 | $78,145 |
| Price-to-Income Ratio | 1.7 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pulaski County rose about 44.7%, while median household income rose about 57.2% between 2009 and 2023 — 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 | Pulaski County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.8% | 60.9% | 58.2% |
| Rental Rate | 23.0% | 28.3% | 31.3% |
| Vacancy Rate | 18.2% | 10.9% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Pulaski County has a homeownership rate of 58.8%, lower than the Kentucky average of 60.9%. Its housing vacancy rate is 18.2%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Pulaski County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1986 | 1981 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Pulaski County was built around 1986. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pulaski County, Kentucky.
What is the median home price in Pulaski County, Kentucky?
The median home price in Pulaski County, Kentucky is $89,582, lower than the Kentucky average of $126,174.
What is the average home price in Pulaski County, Kentucky?
The typical home price in %s, reported as the median sale price, is %s. 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 Pulaski County, Kentucky?
The median gross rent in Pulaski County, Kentucky is $835 per month, lower than the Kentucky average of $933.
What was the median gross rent in Pulaski County in 2020?
In 2020, the median gross rent in Pulaski County, Kentucky was $706 per month.
What is the price-to-rent ratio in Pulaski County, Kentucky?
The price-to-rent ratio in Pulaski County, Kentucky is about 8.9, meaning it would take roughly 8.9 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 Pulaski County.
Are home prices or rent rising faster in Pulaski County, Kentucky?
Both home prices and rent are rising in Pulaski County, up about 3.6% and 4.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Pulaski County, Kentucky?
58.8% of households in Pulaski County, Kentucky own their home, lower than the Kentucky average of 60.9%.
What is the vacancy rate in Pulaski County, Kentucky?
The housing vacancy rate in Pulaski County, Kentucky is 18.2%, higher than the Kentucky average of 10.9%.