Rockcastle County, Kentucky Housing Market Prices
Rockcastle 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 60% below the Kentucky median Cheaper than 76% of counties in Kentucky$46,957
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Median rent 30% below the Kentucky median Cheaper than 79% of counties in Kentucky$676
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Rockcastle County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $46,957 | $118,017 | $248,835 |
| Price Trend (Annual %) | 22.1% | 3.8% | 7.5% |
| Median Gross Rent | $676 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rockcastle County is about 60% lower than in Kentucky. Rent is about 30% 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 Rockcastle County, up about 22.1% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Rockcastle County rose about 29.5% between 2015 and 2024, from $522 to $676. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 1.0 yearly household incomes in Rockcastle County.
Buying the median-priced home in Rockcastle County costs roughly 5.8 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 Rockcastle County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Rockcastle County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $46,957 | $118,017 | $248,835 |
| Median Household Income | $49,228 | $64,312 | $80,455 |
| Price-to-Income Ratio | 1.0 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Rockcastle County rose about 31.6%, while median household income rose about 75.9% 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 | Rockcastle County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.7% | 61.3% | 58.5% |
| Rental Rate | 22.7% | 28.4% | 31.2% |
| Vacancy Rate | 11.6% | 10.3% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Rockcastle County has a homeownership rate of 65.7%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 11.6%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Rockcastle County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1987 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Rockcastle County was built around 1987. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Rockcastle County, KY Housing Compared With Nearby Counties
Rockcastle County, KY is the smallest of the 4 counties compared here, 16,158 residents against a local median of 62,983. Where Rockcastle County, KY breaks from the counties next to it is median home price, sitting 58% below the local median of $113,146 at $46,957.
Median rent tells the same story from another angle: $676 against a local median of $813, 17% below it. The counties themselves spread $154,525 on median home price, so Rockcastle County, KY sits at one end of an already wide local range rather than apart from it. Rockcastle County, KY has the 3rd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Rockcastle County, KY | 16,158 | $46,957 #3/4 | $676 #4/4 | 74.3% #2/4 |
| Laurel County, KY | 62,983 | $177,934 | $813 | 71.6% |
| Lincoln County, KY | 24,512 | $23,408 | $697 | 76.4% |
| Madison County, KY | 95,769 | $113,146 | $888 | 62.0% |
Frequently Asked Questions
Common questions about the housing market in Rockcastle County, Kentucky.
What is the median home price in Rockcastle County, Kentucky?
The median home price in Rockcastle County, Kentucky is $46,957, lower than the Kentucky average of $118,017.
What is the average home price in Rockcastle County, Kentucky?
The typical home price in Rockcastle County, Kentucky, reported as the median sale price, is $46,957. 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 Rockcastle County, Kentucky?
The median gross rent in Rockcastle County, Kentucky is $676 per month, lower than the Kentucky average of $967.
What was the median gross rent in Rockcastle County in 2020?
In 2020, the median gross rent in Rockcastle County, Kentucky was $572 per month.
What is the price-to-rent ratio in Rockcastle County, Kentucky?
The price-to-rent ratio in Rockcastle County, Kentucky is about 5.8, meaning it would take roughly 5.8 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 Rockcastle County.
Are home prices or rent rising faster in Rockcastle County, Kentucky?
Both home prices and rent are rising in Rockcastle County, up about 22.1% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rockcastle County, Kentucky?
65.7% of households in Rockcastle County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Rockcastle County, Kentucky?
The housing vacancy rate in Rockcastle County, Kentucky is 11.6%, higher than the Kentucky average of 10.3%.
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