Lawrence County, Kentucky Housing Market
In Lawrence County, Kentucky, the median home value is $111,700, with a median monthly rent of $760. This places Lawrence County at #2772 nationally out of 3134 counties by median home value, and #99 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: $861
- Establishments: 338
- BLS QCEW, 2025
Migration Patterns
- Inflow: 4,988 (avg $51,981)
- Outflow: 4,719 (avg $51,937)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lawrence County Compares
| Metric | Lawrence County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $111,700 | $160,835 | $227,706 |
| Median Gross Rent | $760 | $793 | $968 |
| Owner Occupancy Rate | 77.8% | 73.4% | 73.3% |
| Price/Rent Ratio | 12.2 | 16.6 | 18.7 |
Market Analysis
The median home value in Lawrence County is 30.5% below the Kentucky state average and 50.9% below the U.S. national average. The median rent of $760/month is 4.2% below the state average.
With a price-to-rent ratio of 12.2, buying a home in Lawrence County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Lawrence County has an owner-occupancy rate of 77.8%, 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 |
|---|---|---|---|
| Ontonagon County | Michigan | $111,700 | $540 |
| New Madrid County | Missouri | $111,800 | $729 |
| Knox County | Illinois | $111,900 | $788 |
| Jackson County | Kentucky | $111,500 | $665 |
| Richland County | Illinois | $112,000 | $805 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Jackson County | $111,500 | $665 | 77.4% |
| Pike County | $112,000 | $858 | 75.3% |
| Butler County | $111,100 | $679 | 73.7% |
| Webster County | $112,900 | $783 | 73.8% |
| Metcalfe County | $110,200 | $582 | 77.7% |
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).