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 | Todd County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,588 | $126,174 | $242,182 |
| Price Trend (Annual %) | 15.0% | 5.3% | 8.2% |
| Median Gross Rent | $841 | $933 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Todd County is about 75% higher 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 Todd County, up about 15.0% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Todd County rose about 43.5% between 2015 and 2023, from $586 to $841. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Todd County.
Buying the median-priced home in Todd County costs roughly 21.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Todd County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Todd County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $220,588 | $126,174 | $242,182 |
| Median Household Income | $57,441 | $62,784 | $78,145 |
| Price-to-Income Ratio | 3.8 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Todd County fell about 63.8%, while median household income rose about 43.0% 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 | Todd County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.7% | 60.9% | 58.2% |
| Rental Rate | 22.2% | 28.3% | 31.3% |
| Vacancy Rate | 14.1% | 10.9% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Todd County has a homeownership rate of 63.7%, higher than the Kentucky average of 60.9%. Its housing vacancy rate is 14.1%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Todd County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1991 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.7 | 5.5 |
The typical housing unit in Todd County was built around 1991. On average, 2.7 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Todd County, Kentucky.
What is the median home price in Todd County, Kentucky?
The median home price in Todd County, Kentucky is $220,588, higher than the Kentucky average of $126,174.
What is the average home price in Todd 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 Todd County, Kentucky?
The median gross rent in Todd County, Kentucky is $841 per month, lower than the Kentucky average of $933.
What was the median gross rent in Todd County in 2020?
In 2020, the median gross rent in Todd County, Kentucky was $665 per month.
What is the price-to-rent ratio in Todd County, Kentucky?
The price-to-rent ratio in Todd County, Kentucky is about 21.9, meaning it would take roughly 21.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Todd County.
Are home prices or rent rising faster in Todd County, Kentucky?
Both home prices and rent are rising in Todd County, up about 15.0% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Todd County, Kentucky?
63.7% of households in Todd County, Kentucky own their home, higher than the Kentucky average of 60.9%.
What is the vacancy rate in Todd County, Kentucky?
The housing vacancy rate in Todd County, Kentucky is 14.1%, higher than the Kentucky average of 10.9%.