McLean County, Kentucky Housing Market
In McLean County, Kentucky, the median home value is $148,500, with a median monthly rent of $641. This places McLean County at #2263 nationally out of 3134 counties by median home value, and #60 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: $918
- Establishments: 221
- BLS QCEW, 2025
Housing Supply
- Single-family: 0
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,324 (avg $63,335)
- Outflow: 3,212 (avg $64,123)
- IRS Statistics of Income
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| Metric | McLean County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $148,500 | $160,835 | $227,706 |
| Median Gross Rent | $641 | $793 | $968 |
| Owner Occupancy Rate | 82.8% | 73.4% | 73.3% |
| Price/Rent Ratio | 19.3 | 16.6 | 18.7 |
Market Analysis
The median home value in McLean County is 7.7% below the Kentucky state average and 34.8% below the U.S. national average. The median rent of $641/month is 19.2% below the state average.
With a price-to-rent ratio of 19.3, the buy-vs-rent decision in McLean County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
McLean County has an owner-occupancy rate of 82.8%, 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 |
|---|---|---|---|
| Vigo County | Indiana | $148,500 | $924 |
| Emporia city | Virginia | $148,500 | $1,037 |
| Tama County | Iowa | $148,600 | $872 |
| Anson County | North Carolina | $148,600 | $814 |
| Kossuth County | Iowa | $148,300 | $859 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Graves County | $147,800 | $775 | 76.1% |
| Lincoln County | $147,300 | $698 | 76.4% |
| Adair County | $150,800 | $771 | 77.2% |
| Hart County | $146,000 | $693 | 72.4% |
| 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).