Letcher County, Kentucky Housing Market
In Letcher County, Kentucky, the median home value is $67,400, with a median monthly rent of $669. This places Letcher County at #3120 nationally out of 3134 counties by median home value, and #120 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: $932
- Establishments: 450
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,185 (avg $49,630)
- Outflow: 6,017 (avg $50,145)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Letcher County Compares
| Metric | Letcher County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $67,400 | $160,835 | $227,706 |
| Median Gross Rent | $669 | $793 | $968 |
| Owner Occupancy Rate | 74.1% | 73.4% | 73.3% |
| Price/Rent Ratio | 8.4 | 16.6 | 18.7 |
Market Analysis
The median home value in Letcher County is 58.1% below the Kentucky state average and 70.4% below the U.S. national average. The median rent of $669/month is 15.6% below the state average.
With a price-to-rent ratio of 8.4, buying a home in Letcher 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.
Letcher County has an owner-occupancy rate of 74.1%, 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
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Warren County | Georgia | $67,100 | $690 |
| Stanton County | Kansas | $67,800 | $705 |
| Elk County | Kansas | $68,500 | $552 |
| Taliaferro County | Georgia | $68,900 | $638 |
| Leslie County | Kentucky | $69,000 | $585 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Leslie County | $69,000 | $585 | 85.5% |
| Breathitt County | $70,300 | $548 | 76.6% |
| Harlan County | $73,700 | $678 | 71.6% |
| Wolfe County | $75,800 | $501 | 73.6% |
| Knott County | $77,000 | $756 | 72.7% |
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).