Washington County, Kentucky Housing Market Prices
Washington 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 84% below the Kentucky median Among the top 5 cheapest counties in Kentucky$19,124
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Median rent 23% below the Kentucky median$743
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Washington County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,124 | $118,017 | $248,835 |
| Price Trend (Annual %) | -0.7% | 3.8% | 7.5% |
| Median Gross Rent | $743 | $967 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Washington County is about 84% lower than in Kentucky. Rent is about 23% lower than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Washington County: home prices fell about 0.7% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
Median rent in Washington County rose about 33.7% between 2015 and 2024, from $556 to $743. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Washington County.
Buying the median-priced home in Washington County costs roughly 2.1 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 Washington County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Washington County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $19,124 | $118,017 | $248,835 |
| Median Household Income | $61,907 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Washington County fell about 82.6%, while median household income rose about 38.8% 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 | Washington County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.8% | 61.3% | 58.5% |
| Rental Rate | 20.7% | 28.4% | 31.2% |
| Vacancy Rate | 7.5% | 10.3% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Washington County has a homeownership rate of 71.8%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 7.5%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Washington County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.43 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1982 | 1981 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Washington County was built around 1982. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 17.0 years on average.
Washington County, KY Housing Compared With Nearby Counties
How Washington County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Washington County, KY | 12,140 | $19,124 #3/3 | $743 #2/3 | 77.6% #3/3 |
| Marion County, KY | 19,749 | $73,333 | $725 | 77.7% |
| Nelson County, KY | 47,606 | $277,840 | $1,008 | 78.3% |
Frequently Asked Questions
Common questions about the housing market in Washington County, Kentucky.
What is the median home price in Washington County, Kentucky?
The median home price in Washington County, Kentucky is $19,124, lower than the Kentucky average of $118,017.
What is the average home price in Washington County, Kentucky?
The typical home price in Washington County, Kentucky, reported as the median sale price, is $19,124. 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 Washington County, Kentucky?
The median gross rent in Washington County, Kentucky is $743 per month, lower than the Kentucky average of $967.
What was the median gross rent in Washington County in 2020?
In 2020, the median gross rent in Washington County, Kentucky was $633 per month.
What is the price-to-rent ratio in Washington County, Kentucky?
The price-to-rent ratio in Washington County, Kentucky is about 2.1, meaning it would take roughly 2.1 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 Washington County.
Are home prices or rent rising faster in Washington County, Kentucky?
Home prices and rent are moving in opposite directions in Washington County: home prices fell about 0.7% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Washington County, Kentucky?
71.8% of households in Washington County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Washington County, Kentucky?
The housing vacancy rate in Washington County, Kentucky is 7.5%, lower than the Kentucky average of 10.3%.
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