Allen County, Kentucky Housing Market
In Allen County, Kentucky, the median home value is $192,300, with a median monthly rent of $844. This places Allen County at #1493 nationally out of 3134 counties by median home value, and #31 within Kentucky.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $964
- Establishments: 423
- BLS QCEW, 2025
Housing Supply
- Single-family: 17
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,351 (avg $57,227)
- Outflow: 6,781 (avg $56,726)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Allen County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 42164 | 279.4 | +6.51% | 2025 |
| 2 | 42134 | 252.2 | +4.76% | 2025 |
| 3 | 42122 | 253.4 | +1.58% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Allen County Compares
| Metric | Allen County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $192,300 | $160,835 | $227,706 |
| Median Gross Rent | $844 | $793 | $968 |
| Owner Occupancy Rate | 74.5% | 73.4% | 73.3% |
| Price/Rent Ratio | 19.0 | 16.6 | 18.7 |
Market Analysis
The median home value in Allen County is 19.6% above the Kentucky state average and 15.5% below the U.S. national average. The median rent of $844/month is 6.4% above the state average.
With a price-to-rent ratio of 19.0, the buy-vs-rent decision in Allen County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Allen County has an owner-occupancy rate of 74.5%, compared to 73.4% in Kentucky and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Clinton County | Illinois | $192,400 | $912 |
| Caldwell County | North Carolina | $192,200 | $744 |
| San Patricio County | Texas | $192,400 | $1,291 |
| Cheboygan County | Michigan | $192,500 | $773 |
| Clearwater County | Minnesota | $192,100 | $742 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lyon County | $189,500 | $747 | 80.4% |
| McCracken County | $188,100 | $898 | 68.9% |
| Henry County | $197,900 | $895 | 76.3% |
| Daviess County | $199,900 | $918 | 68.1% |
| Larue County | $183,500 | $860 | 79.4% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).