Warren County, Kentucky Housing Market Prices
Warren 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 7% above the Kentucky median$126,288
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Median rent 4% above the Kentucky median More expensive than 88% of counties in Kentucky$1,002
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Warren County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $126,288 | $118,017 | $248,835 |
| Price Trend (Annual %) | 1.5% | 3.8% | 7.5% |
| Median Gross Rent | $1,002 | $967 | $1,407 |
| Rent Trend (Annual %) | 4.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Warren County is about 7% higher than in Kentucky. Rent is about 4% higher 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 Warren County, up about 1.5% and 4.6% a year respectively. Rent is changing faster.
Median rent in Warren County rose about 44.9% between 2015 and 2024, from $692 to $1,002. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Warren County.
Buying the median-priced home in Warren County costs roughly 10.5 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 Warren County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Warren County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $126,288 | $118,017 | $248,835 |
| Median Household Income | $65,763 | $64,312 | $80,455 |
| Price-to-Income Ratio | 1.9 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Warren County fell about 0.5%, while median household income rose about 40.8% 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 | Warren County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.7% | 61.3% | 58.5% |
| Rental Rate | 41.2% | 28.4% | 31.2% |
| Vacancy Rate | 7.1% | 10.3% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Warren County has a homeownership rate of 51.7%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 7.1%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Warren County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1990 | 1981 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Warren County was built around 1990. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Warren County, KY Housing Compared With Nearby Counties
How Warren County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Warren County, KY | 140,918 | $126,288 #3/3 | $1,002 #1/3 | 55.6% #3/3 |
| Butler County, KY | 12,393 | $166,666 | $678 | 73.7% |
| Grayson County, KY | 26,707 | $181,071 | $658 | 74.6% |
Frequently Asked Questions
Common questions about the housing market in Warren County, Kentucky.
What is the median home price in Warren County, Kentucky?
The median home price in Warren County, Kentucky is $126,288, higher than the Kentucky average of $118,017.
What is the average home price in Warren County, Kentucky?
The typical home price in Warren County, Kentucky, reported as the median sale price, is $126,288. 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 Warren County, Kentucky?
The median gross rent in Warren County, Kentucky is $1,002 per month, higher than the Kentucky average of $967.
What was the median gross rent in Warren County in 2020?
In 2020, the median gross rent in Warren County, Kentucky was $822 per month.
What is the price-to-rent ratio in Warren County, Kentucky?
The price-to-rent ratio in Warren County, Kentucky is about 10.5, meaning it would take roughly 10.5 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 Warren County.
Are home prices or rent rising faster in Warren County, Kentucky?
Both home prices and rent are rising in Warren County, up about 1.5% and 4.6% a year respectively. Rent is changing faster.
What is the homeownership rate in Warren County, Kentucky?
51.7% of households in Warren County, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Warren County, Kentucky?
The housing vacancy rate in Warren County, Kentucky is 7.1%, lower than the Kentucky average of 10.3%.
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