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 | Trigg County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,705 | $126,174 | $242,182 |
| Price Trend (Annual %) | -12.2% | 5.3% | 8.2% |
| Median Gross Rent | $802 | $933 | $1,342 |
| Rent Trend (Annual %) | 5.7% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Trigg County is about 72% lower than in Kentucky. Rent is about 14% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Trigg County: home prices fell about 12.2% a year while rent rose about 5.7% a year. That is an unusual pattern worth watching.
Median rent in Trigg County rose about 41.2% between 2015 and 2023, from $568 to $802. Over the same span, rent in Kentucky rose about 38.2%.
Affordability
On average, housing unit costs 0.6 yearly household incomes in Trigg County.
Buying the median-priced home in Trigg County costs roughly 3.6 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 Trigg County. The price-to-rent ratio in Kentucky is about 11.3.
| Metric | Trigg County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $34,705 | $126,174 | $242,182 |
| Median Household Income | $54,400 | $62,784 | $78,145 |
| Price-to-Income Ratio | 0.6 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Trigg County fell about 69.1%, while median household income rose about 32.9% 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 | Trigg County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.5% | 60.9% | 58.2% |
| Rental Rate | 20.3% | 28.3% | 31.3% |
| Vacancy Rate | 21.2% | 10.9% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Trigg County has a homeownership rate of 58.5%, lower than the Kentucky average of 60.9%. Its housing vacancy rate is 21.2%, compared with 10.9% in Kentucky.
Housing Stock
| Metric | Trigg County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1987 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Trigg County was built around 1987. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Trigg County, Kentucky.
What is the median home price in Trigg County, Kentucky?
The median home price in Trigg County, Kentucky is $34,705, lower than the Kentucky average of $126,174.
What is the average home price in Trigg 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 Trigg County, Kentucky?
The median gross rent in Trigg County, Kentucky is $802 per month, lower than the Kentucky average of $933.
What was the median gross rent in Trigg County in 2020?
In 2020, the median gross rent in Trigg County, Kentucky was $567 per month.
What is the price-to-rent ratio in Trigg County, Kentucky?
The price-to-rent ratio in Trigg County, Kentucky is about 3.6, meaning it would take roughly 3.6 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 Trigg County.
Are home prices or rent rising faster in Trigg County, Kentucky?
Home prices and rent are moving in opposite directions in Trigg County: home prices fell about 12.2% a year while rent rose about 5.7% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Trigg County, Kentucky?
58.5% of households in Trigg County, Kentucky own their home, lower than the Kentucky average of 60.9%.
What is the vacancy rate in Trigg County, Kentucky?
The housing vacancy rate in Trigg County, Kentucky is 21.2%, higher than the Kentucky average of 10.9%.