Hancock County, Kentucky Housing Market
In Hancock County, Kentucky, the median home value is $141,200, with a median monthly rent of $740. This places Hancock County at #2357 nationally out of 3134 counties by median home value, and #66 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: $1,848
- Establishments: 217
- BLS QCEW, 2025
Housing Supply
- Single-family: 9
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,322 (avg $62,506)
- Outflow: 3,234 (avg $62,923)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hancock County Compares
| Metric | Hancock County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $141,200 | $160,835 | $227,706 |
| Median Gross Rent | $740 | $793 | $968 |
| Owner Occupancy Rate | 77.2% | 73.4% | 73.3% |
| Price/Rent Ratio | 15.9 | 16.6 | 18.7 |
Market Analysis
The median home value in Hancock County is 12.2% below the Kentucky state average and 38.0% 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 15.9, the buy-vs-rent decision in Hancock County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Hancock County has an owner-occupancy rate of 77.2%, 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 |
|---|---|---|---|
| Powell County | Kentucky | $141,100 | $747 |
| Cumberland County | Kentucky | $141,100 | $523 |
| Chemung County | New York | $141,100 | $1,059 |
| Galax city | Virginia | $141,300 | $743 |
| Hancock County | Iowa | $141,400 | $736 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Powell County | $141,100 | $747 | 68.2% |
| Cumberland County | $141,100 | $523 | 75.5% |
| Carroll County | $140,900 | $910 | 65.7% |
| Hopkins County | $142,800 | $837 | 70.7% |
| Ballard County | $145,800 | $817 | 76.0% |
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).