Magoffin County, Kentucky Housing Market
In Magoffin County, Kentucky, the median home value is $89,000, with a median monthly rent of $730. This places Magoffin County at #3027 nationally out of 3134 counties by median home value, and #109 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: $768
- Establishments: 277
- BLS QCEW, 2025
Migration Patterns
- Inflow: 3,416 (avg $44,658)
- Outflow: 3,383 (avg $44,706)
- IRS Statistics of Income
🔗 Explore Magoffin County on Our Sister Sites
Get the complete picture for Magoffin County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Magoffin County Compares
| Metric | Magoffin County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $89,000 | $160,835 | $227,706 |
| Median Gross Rent | $730 | $793 | $968 |
| Owner Occupancy Rate | 75.4% | 73.4% | 73.3% |
| Price/Rent Ratio | 10.2 | 16.6 | 18.7 |
Market Analysis
The median home value in Magoffin County is 44.7% below the Kentucky state average and 60.9% below the U.S. national average. The median rent of $730/month is 7.9% below the state average.
With a price-to-rent ratio of 10.2, buying a home in Magoffin 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.
Magoffin County has an owner-occupancy rate of 75.4%, 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 |
|---|---|---|---|
| Franklin County | Illinois | $89,000 | $803 |
| Rooks County | Kansas | $89,000 | $676 |
| Bell County | Kentucky | $89,000 | $592 |
| Chicot County | Arkansas | $89,100 | $574 |
| Cameron County | Pennsylvania | $88,900 | $689 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bell County | $89,000 | $592 | 58.8% |
| Clay County | $90,700 | $724 | 76.4% |
| Martin County | $86,900 | $450 | 84.9% |
| Perry County | $91,800 | $798 | 70.4% |
| McCreary County | $85,300 | $577 | 74.2% |
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).