Boone County, Kentucky Housing Market
In Boone County, Kentucky, the median home value is $277,300, with a median monthly rent of $1,373. This places Boone County at #742 nationally out of 3134 counties by median home value, and #7 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: $1,154
- Establishments: 6,345
- BLS QCEW, 2025
Housing Supply
- Single-family: 447
- Multi-family: 309
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 56,290 (avg $91,767)
- Outflow: 53,203 (avg $92,645)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 9 active ZIP codes in Boone County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 41092 | 212.3 | -0.85% | 2025 |
| 2 | 41094 | 226.0 | +6.01% | 2025 |
| 3 | 41005 | 209.0 | +4.41% | 2025 |
| 4 | 41091 | 210.2 | +2.29% | 2025 |
| 5 | 41042 | 214.2 | +1.21% | 2025 |
| 6 | 41018 | 225.4 | +2.99% | 2025 |
| 7 | 41048 | 202.1 | +3.25% | 2025 |
| 8 | 41030 | 209.9 | -0.98% | 2025 |
| 9 | 41080 | 183.2 | — | 2024 |
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 Boone County Compares
| Metric | Boone County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $277,300 | $160,835 | $227,706 |
| Median Gross Rent | $1,373 | $793 | $968 |
| Owner Occupancy Rate | 76.3% | 73.4% | 73.3% |
| Price/Rent Ratio | 16.8 | 16.6 | 18.7 |
Market Analysis
The median home value in Boone County is 72.4% above the Kentucky state average and 21.8% above the U.S. national average. The median rent of $1,373/month is 73.1% above the state average.
With a price-to-rent ratio of 16.8, the buy-vs-rent decision in Boone County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Boone County has an owner-occupancy rate of 76.3%, 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 |
|---|---|---|---|
| Cumberland County | Pennsylvania | $277,600 | $1,249 |
| Charlevoix County | Michigan | $276,800 | $949 |
| St. Louis County | Missouri | $276,800 | $1,209 |
| Harris County | Texas | $276,600 | $1,401 |
| Banks County | Georgia | $278,100 | $827 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jessamine County | $268,100 | $1,124 | 66.7% |
| Scott County | $288,500 | $1,247 | 71.7% |
| Fayette County | $293,500 | $1,164 | 53.8% |
| Warren County | $258,000 | $1,002 | 55.6% |
| Woodford County | $299,700 | $1,138 | 71.7% |
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).