Madison County, Kentucky Housing Market
In Madison County, Kentucky, the median home value is $232,000, with a median monthly rent of $889. This places Madison County at #1055 nationally out of 3134 counties by median home value, and #15 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: $1,032
- Establishments: 3,118
- BLS QCEW, 2025
Housing Supply
- Single-family: 473
- Multi-family: 340
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 34,953 (avg $67,531)
- Outflow: 32,330 (avg $68,122)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Madison County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 40475 | 240.1 | +4.22% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Madison County Compares
| Metric | Madison County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $232,000 | $160,835 | $227,706 |
| Median Gross Rent | $889 | $793 | $968 |
| Owner Occupancy Rate | 62.0% | 73.4% | 73.3% |
| Price/Rent Ratio | 21.7 | 16.6 | 18.7 |
Market Analysis
The median home value in Madison County is 44.2% above the Kentucky state average and 1.9% above the U.S. national average. The median rent of $889/month is 12.1% above the state average.
With a price-to-rent ratio of 21.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Madison County has an owner-occupancy rate of 62.0%, compared to 73.4% in Kentucky and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Sibley County | Minnesota | $231,900 | $855 |
| Anderson County | South Carolina | $231,900 | $989 |
| Pickens County | South Carolina | $231,900 | $972 |
| Dodge County | Wisconsin | $231,900 | $988 |
| Lee County | Georgia | $231,800 | $1,184 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Simpson County | $229,400 | $1,012 | 66.7% |
| Bourbon County | $229,300 | $822 | 63.7% |
| Nelson County | $238,000 | $1,008 | 78.3% |
| Hardin County | $225,800 | $971 | 62.6% |
| Anderson County | $225,100 | $927 | 77.6% |
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).