Calloway County, Kentucky Housing Market
In Calloway County, Kentucky, the median home value is $183,200, with a median monthly rent of $870. This places Calloway County at #1593 nationally out of 3134 counties by median home value, and #35 within Kentucky.
How is this calculated?
Composite of 4 axes: Affordability (30%), Stability (25%), Momentum (25%), Vitality (20%), each normalized as a percentile rank across 3134 U.S. counties. Editorial rating only — not investment advice or a property valuation.
Market Phase classifies the current state of the market based on 5-year price growth and recent FHFA momentum: 🔥 Boom · 📈 Growth · ⚖️ Stable · ❄️ Cooling · 🌱 Recovering. This is a present-state classification, not a forecast.
📈 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: $854
- Establishments: 1,293
- BLS QCEW, 2025
Housing Supply
- Single-family: 12
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 13,836 (avg $66,900)
- Outflow: 12,597 (avg $67,584)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Calloway County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 42020 | 224.7 | +6.38% | 2025 |
| 2 | 42071 | 261.9 | +4.01% | 2025 |
| 3 | 42025 | 240.4 | +7.09% | 2025 |
| 4 | 42066 | 217.0 | +6.94% | 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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Get the complete picture for Calloway County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Calloway County Compares
| Metric | Calloway County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $183,200 | $160,835 | $227,706 |
| Median Gross Rent | $870 | $793 | $968 |
| Owner Occupancy Rate | 63.9% | 73.4% | 73.3% |
| Price/Rent Ratio | 17.5 | 16.6 | 18.7 |
Market Analysis
The median home value in Calloway County is 13.9% above the Kentucky state average and 19.5% below the U.S. national average. The median rent of $870/month is 9.7% above the state average.
With a price-to-rent ratio of 17.5, the buy-vs-rent decision in Calloway County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Calloway County has an owner-occupancy rate of 63.9%, compared to 73.4% in Kentucky and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Woodbury County | Iowa | $183,200 | $981 |
| Huntingdon County | Pennsylvania | $183,200 | $810 |
| Houston County | Alabama | $183,300 | $945 |
| Delaware County | New York | $183,100 | $880 |
| Carroll County | Ohio | $183,100 | $863 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Larue County | $183,500 | $860 | 79.4% |
| Washington County | $179,200 | $744 | 77.6% |
| McCracken County | $188,100 | $898 | 68.9% |
| Gallatin County | $178,200 | $832 | 75.1% |
| Barren County | $178,000 | $796 | 65.2% |
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 2026-10-15. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).