Grant County, Kentucky Housing Market

In Grant County, Kentucky, the median home value is $209,500, with a median monthly rent of $862. This places Grant County at #1307 nationally out of 3134 counties by median home value, and #22 within Kentucky.

Median Home Value $209,500
Median Rent $862/mo
Owner Occupancy 75.1%
Price/Rent Ratio 20.3

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Grant County fell -0.5% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

4,208
jobs (private sector)
  • Avg weekly wage: $948
  • Establishments: 603
  • BLS QCEW, 2025
🏗️

Housing Supply

110
new units authorized (2025)
  • Single-family: 110
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+523
net migration (filers, 2021-2022)
  • Inflow: 9,588 (avg $71,958)
  • Outflow: 9,065 (avg $73,085)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 2 active ZIP codes in Grant County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 41035 210.3 -5.24% 2025
2 41097 237.3 +1.90% 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.

How Grant County Compares

MetricGrant CountyKentucky AverageU.S. Average
Median Home Value $209,500 $160,835 $227,706
Median Gross Rent $862 $793 $968
Owner Occupancy Rate 75.1% 73.4% 73.3%
Price/Rent Ratio 20.3 16.6 18.7

Market Analysis

The median home value in Grant County is 30.3% above the Kentucky state average and 8.0% below the U.S. national average. The median rent of $862/month is 8.7% above the state average.

With a price-to-rent ratio of 20.3, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Grant County has an owner-occupancy rate of 75.1%, 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

CountyStateMedian Home ValueMedian Rent
Poweshiek County Iowa $209,300 $883
San Jacinto County Texas $209,300 $1,060
Colorado County Texas $209,800 $926
Jo Daviess County Illinois $209,900 $825
Boyle County Kentucky $209,900 $778

Other Counties in Kentucky

CountyMedian Home ValueMedian RentOwner Occ.
Boyle County $209,900 $778 68.0%
Meade County $207,900 $1,026 74.1%
Trigg County $207,700 $803 76.9%
Clark County $205,800 $938 70.7%
Garrard County $204,900 $794 79.9%

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).