Woodford County, Kentucky Housing Market Prices
Woodford 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 67% below the Kentucky median Cheaper than 85% of counties in Kentucky$38,589
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Median rent 18% above the Kentucky median More expensive than 95% of counties in Kentucky$1,137
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Woodford County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,589 | $118,017 | $248,835 |
| Price Trend (Annual %) | -9.2% | 3.8% | 7.5% |
| Median Gross Rent | $1,137 | $967 | $1,407 |
| Rent Trend (Annual %) | 5.6% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodford County is about 67% lower than in Kentucky. Rent is about 18% higher 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 Woodford County: home prices fell about 9.2% a year while rent rose about 5.6% a year. That is an unusual pattern worth watching.
Median rent in Woodford County rose about 56.9% between 2015 and 2024, from $725 to $1,137. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 0.5 yearly household incomes in Woodford County.
Buying the median-priced home in Woodford County costs roughly 2.8 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 Woodford County. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Woodford County | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $38,589 | $118,017 | $248,835 |
| Median Household Income | $83,715 | $64,312 | $80,455 |
| Price-to-Income Ratio | 0.5 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Woodford County fell about 76.7%, while median household income rose about 30.5% 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 | Woodford County | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.4% | 61.3% | 58.5% |
| Rental Rate | 26.1% | 28.4% | 31.2% |
| Vacancy Rate | 7.5% | 10.3% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Woodford County has a homeownership rate of 66.4%, higher than the Kentucky average of 61.3%. Its housing vacancy rate is 7.5%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Woodford County | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1984 | 1981 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Woodford County was built around 1984. On average, 2.5 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Woodford County, KY Housing Compared With Nearby Counties
How Woodford County, KY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Woodford County, KY | 27,278 | $38,589 #3/3 | $1,137 #2/3 | 71.7% #1/3 |
| Franklin County, KY | 51,842 | $117,377 | $967 | 64.5% |
| Fayette County, KY | 323,723 | $145,827 | $1,163 | 53.8% |
Frequently Asked Questions
Common questions about the housing market in Woodford County, Kentucky.
What is the median home price in Woodford County, Kentucky?
The median home price in Woodford County, Kentucky is $38,589, lower than the Kentucky average of $118,017.
What is the average home price in Woodford County, Kentucky?
The typical home price in Woodford County, Kentucky, reported as the median sale price, is $38,589. 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 Woodford County, Kentucky?
The median gross rent in Woodford County, Kentucky is $1,137 per month, higher than the Kentucky average of $967.
What was the median gross rent in Woodford County in 2020?
In 2020, the median gross rent in Woodford County, Kentucky was $799 per month.
What is the price-to-rent ratio in Woodford County, Kentucky?
The price-to-rent ratio in Woodford County, Kentucky is about 2.8, meaning it would take roughly 2.8 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 Woodford County.
Are home prices or rent rising faster in Woodford County, Kentucky?
Home prices and rent are moving in opposite directions in Woodford County: home prices fell about 9.2% a year while rent rose about 5.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Woodford County, Kentucky?
66.4% of households in Woodford County, Kentucky own their home, higher than the Kentucky average of 61.3%.
What is the vacancy rate in Woodford County, Kentucky?
The housing vacancy rate in Woodford County, Kentucky is 7.5%, lower than the Kentucky average of 10.3%.
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