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 | Robertson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,083 | $126,174 | $242,182 |
| Price Trend (Annual %) | -18.3% | 5.3% | 8.2% |
| Median Gross Rent | $542 | $933 | $1,342 |
| Rent Trend (Annual %) | 1.1% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Robertson County is about 79% lower than in Kentucky. Rent is about 42% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2017-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Robertson County: home prices fell about 18.3% a year while rent rose about 1.1% a year. That is an unusual pattern worth watching.
Median rent in Robertson County rose about 0.7% between 2015 and 2023, from $538 to $542. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Robertson County.
Buying the median-priced home in Robertson County costs roughly 4.2 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 Robertson County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Robertson County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,083 | $126,174 | $242,182 |
| Median Household Income | $51,954 | $62,784 | $78,145 |
| Price-to-Income Ratio | 0.5 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2017 and 2023, the median home price in Robertson County fell about 77.8%, while median household income rose about 67.4% 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 | Robertson County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.8% | 60.9% | 58.2% |
| Rental Rate | 19.6% | 28.3% | 31.3% |
| Vacancy Rate | 20.6% | 10.9% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Robertson County has a homeownership rate of 59.8%, lower than the Kentucky average of 60.9%. Its housing vacancy rate is 20.6%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Robertson County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.76 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1986 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.7 | 5.5 |
The typical housing unit in Robertson County was built around 1986. On average, 2.8 people live in a home with about 5.8 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Robertson County, Kentucky.
What is the median home price in Robertson County, Kentucky?
The median home price in Robertson County, Kentucky is $27,083, lower than the Kentucky average of $126,174.
What is the average home price in Robertson 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 Robertson County, Kentucky?
The median gross rent in Robertson County, Kentucky is $542 per month, lower than the Kentucky average of $933.
What was the median gross rent in Robertson County in 2020?
In 2020, the median gross rent in Robertson County, Kentucky was $479 per month.
What is the price-to-rent ratio in Robertson County, Kentucky?
The price-to-rent ratio in Robertson County, Kentucky is about 4.2, meaning it would take roughly 4.2 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 Robertson County.
Are home prices or rent rising faster in Robertson County, Kentucky?
Home prices and rent are moving in opposite directions in Robertson County: home prices fell about 18.3% a year while rent rose about 1.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Robertson County, Kentucky?
59.8% of households in Robertson County, Kentucky own their home, lower than the Kentucky average of 60.9%.
What is the vacancy rate in Robertson County, Kentucky?
The housing vacancy rate in Robertson County, Kentucky is 20.6%, higher than the Kentucky average of 10.9%.