Nelson County, Kentucky Housing Market
In Nelson County, Kentucky, the median home value is $238,000, with a median monthly rent of $1,008. This places Nelson County at #1007 nationally out of 3134 counties by median home value, and #14 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: $1,136
- Establishments: 1,497
- BLS QCEW, 2025
Housing Supply
- Single-family: 186
- Multi-family: 36
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 20,020 (avg $71,400)
- Outflow: 19,192 (avg $71,800)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 3 active ZIP codes in Nelson County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 40107 | 296.3 | — | 2025 |
| 2 | 40008 | 264.1 | +4.10% | 2025 |
| 3 | 40004 | 255.3 | +4.76% | 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.
🔗 Explore Nelson County on Our Sister Sites
Get the complete picture for Nelson County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Nelson County Compares
| Metric | Nelson County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $238,000 | $160,835 | $227,706 |
| Median Gross Rent | $1,008 | $793 | $968 |
| Owner Occupancy Rate | 78.3% | 73.4% | 73.3% |
| Price/Rent Ratio | 19.7 | 16.6 | 18.7 |
Market Analysis
The median home value in Nelson County is 48.0% above the Kentucky state average and 4.5% above the U.S. national average. The median rent of $1,008/month is 27.1% above the state average.
With a price-to-rent ratio of 19.7, the buy-vs-rent decision in Nelson County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Nelson County has an owner-occupancy rate of 78.3%, 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 |
|---|---|---|---|
| Essex County | Virginia | $238,100 | $972 |
| Mills County | Iowa | $237,800 | $959 |
| Kennebec County | Maine | $238,200 | $992 |
| Habersham County | Georgia | $238,300 | $974 |
| Oktibbeha County | Mississippi | $237,700 | $915 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Madison County | $232,000 | $889 | 62.0% |
| Kenton County | $244,400 | $1,069 | 70.7% |
| Simpson County | $229,400 | $1,012 | 66.7% |
| Bourbon County | $229,300 | $822 | 63.7% |
| Bullitt County | $247,200 | $987 | 84.9% |
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).