Elliott County, Kentucky Housing Market
In Elliott County, Kentucky, the median home value is $123,500, with a median monthly rent of $432. This places Elliott County at #2572 nationally out of 3134 counties by median home value, and #85 within Kentucky.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $855
- Establishments: 73
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,004 (avg $43,462)
- Outflow: 1,937 (avg $44,849)
- IRS Statistics of Income
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| Metric | Elliott County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $123,500 | $160,835 | $227,706 |
| Median Gross Rent | $432 | $793 | $968 |
| Owner Occupancy Rate | 81.7% | 73.4% | 73.3% |
| Price/Rent Ratio | 23.8 | 16.6 | 18.7 |
Market Analysis
The median home value in Elliott County is 23.2% below the Kentucky state average and 45.8% below the U.S. national average. The median rent of $432/month is 45.5% below the state average.
With a price-to-rent ratio of 23.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Elliott County has an owner-occupancy rate of 81.7%, 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 |
|---|---|---|---|
| Choctaw County | Alabama | $123,400 | $543 |
| Rockcastle County | Kentucky | $123,600 | $676 |
| Jim Wells County | Texas | $123,600 | $938 |
| Linn County | Missouri | $123,300 | $620 |
| Ottawa County | Oklahoma | $123,300 | $788 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Rockcastle County | $123,600 | $676 | 74.3% |
| Nicholas County | $123,000 | $728 | 74.5% |
| Clinton County | $122,200 | $617 | 71.1% |
| Green County | $125,000 | $610 | 77.6% |
| Bracken County | $125,000 | $756 | 78.5% |
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).