Nicholas County, Kentucky Housing Market
In Nicholas County, Kentucky, the median home value is $123,000, with a median monthly rent of $728. This places Nicholas County at #2579 nationally out of 3134 counties by median home value, and #86 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: $681
- Establishments: 117
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,686 (avg $47,969)
- Outflow: 2,585 (avg $48,283)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Nicholas County Compares
| Metric | Nicholas County | Kentucky Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $123,000 | $160,835 | $227,706 |
| Median Gross Rent | $728 | $793 | $968 |
| Owner Occupancy Rate | 74.5% | 73.4% | 73.3% |
| Price/Rent Ratio | 14.1 | 16.6 | 18.7 |
Market Analysis
The median home value in Nicholas County is 23.5% below the Kentucky state average and 46.0% below the U.S. national average. The median rent of $728/month is 8.2% below the state average.
With a price-to-rent ratio of 14.1, buying a home in Nicholas 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.
Nicholas County has an owner-occupancy rate of 74.5%, 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 |
|---|---|---|---|
| Baca County | Colorado | $122,900 | $592 |
| Sabine Parish | Louisiana | $123,100 | $701 |
| Palo Alto County | Iowa | $123,200 | $638 |
| Marion County | Mississippi | $122,800 | $818 |
| Thayer County | Nebraska | $122,800 | $766 |
Other Counties in Kentucky
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Elliott County | $123,500 | $432 | 81.7% |
| Rockcastle County | $123,600 | $676 | 74.3% |
| Clinton County | $122,200 | $617 | 71.1% |
| Ohio County | $121,400 | $739 | 77.2% |
| Green County | $125,000 | $610 | 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).