Ballard County, Kentucky Housing Market
In Ballard County, Kentucky, the median home value is $145,800, with a median monthly rent of $817. This places Ballard County at #2299 nationally out of 3134 counties by median home value, and #64 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: $1,325
- Establishments: 194
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,991 (avg $63,556)
- Outflow: 2,854 (avg $64,394)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Ballard County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 42053 | 215.9 | +7.65% | 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 Ballard County Compares
| Metric | Ballard County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $145,800 | $160,835 | $227,706 |
| Median Gross Rent | $817 | $793 | $968 |
| Owner Occupancy Rate | 76.0% | 73.4% | 73.3% |
| Price/Rent Ratio | 14.9 | 16.6 | 18.7 |
Market Analysis
The median home value in Ballard County is 9.3% below the Kentucky state average and 36.0% below the U.S. national average. The median rent of $817/month is 3.0% above the state average.
With a price-to-rent ratio of 14.9, buying a home in Ballard County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Ballard County has an owner-occupancy rate of 76.0%, 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 |
|---|---|---|---|
| Worth County | Iowa | $145,800 | $758 |
| Harlan County | Nebraska | $145,800 | $657 |
| Bibb County | Alabama | $145,700 | $733 |
| Bond County | Illinois | $145,700 | $785 |
| Atchison County | Kansas | $145,700 | $765 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hart County | $146,000 | $693 | 72.4% |
| Lincoln County | $147,300 | $698 | 76.4% |
| Graves County | $147,800 | $775 | 76.1% |
| McLean County | $148,500 | $641 | 82.8% |
| Hopkins County | $142,800 | $837 | 70.7% |
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).