Carter County, Kentucky Housing Market
In Carter County, Kentucky, the median home value is $132,800, with a median monthly rent of $740. This places Carter County at #2459 nationally out of 3134 counties by median home value, and #74 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: $865
- Establishments: 618
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 9,104 (avg $53,557)
- Outflow: 8,710 (avg $54,058)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Carter County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 40351 | 212.8 | +12.11% | 2025 |
| 2 | 41143 | 197.2 | -6.61% | 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 Carter County Compares
| Metric | Carter County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $132,800 | $160,835 | $227,706 |
| Median Gross Rent | $740 | $793 | $968 |
| Owner Occupancy Rate | 80.0% | 73.4% | 73.3% |
| Price/Rent Ratio | 15.0 | 16.6 | 18.7 |
Market Analysis
The median home value in Carter County is 17.4% below the Kentucky state average and 41.7% below the U.S. national average. The median rent of $740/month is 6.7% below the state average.
With a price-to-rent ratio of 15.0, the buy-vs-rent decision in Carter County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Carter County has an owner-occupancy rate of 80.0%, 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 |
|---|---|---|---|
| Walsh County | North Dakota | $132,700 | $748 |
| Tripp County | South Dakota | $132,900 | $820 |
| Crawford County | Kansas | $132,600 | $849 |
| Reno County | Kansas | $132,500 | $863 |
| Clark County | Illinois | $132,400 | $861 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Whitley County | $131,800 | $798 | 66.8% |
| Greenup County | $134,000 | $860 | 80.3% |
| Fleming County | $134,700 | $715 | 74.8% |
| Boyd County | $130,700 | $849 | 70.2% |
| Wayne County | $135,700 | $727 | 69.1% |
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).