Monroe County, Kentucky Housing Market
In Monroe County, Kentucky, the median home value is $115,900, with a median monthly rent of $657. This places Monroe County at #2703 nationally out of 3134 counties by median home value, and #95 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: $1,004
- Establishments: 278
- BLS QCEW, 2025
Migration Patterns
- Inflow: 3,763 (avg $53,766)
- Outflow: 3,569 (avg $53,507)
- IRS Statistics of Income
How Monroe County Compares
| Metric | Monroe County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $115,900 | $160,835 | $227,706 |
| Median Gross Rent | $657 | $793 | $968 |
| Owner Occupancy Rate | 70.9% | 73.4% | 73.3% |
| Price/Rent Ratio | 14.7 | 16.6 | 18.7 |
Market Analysis
The median home value in Monroe County is 27.9% below the Kentucky state average and 49.1% below the U.S. national average. The median rent of $657/month is 17.2% below the state average.
With a price-to-rent ratio of 14.7, buying a home in Monroe 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.
Monroe County has an owner-occupancy rate of 70.9%, 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 |
|---|---|---|---|
| Okfuskee County | Oklahoma | $115,900 | $716 |
| Campbell County | South Dakota | $115,900 | $760 |
| Ritchie County | West Virginia | $115,900 | $579 |
| Hamilton County | Kansas | $115,800 | $909 |
| Orangeburg County | South Carolina | $115,800 | $841 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hickman County | $115,700 | $718 | 70.8% |
| Morgan County | $118,200 | $663 | 78.9% |
| Caldwell County | $118,500 | $767 | 70.2% |
| Knox County | $118,700 | $681 | 65.3% |
| Webster County | $112,900 | $783 | 73.8% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).