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Fayette County Housing Market

Kentucky · 120 counties · Ranked #2498 in home value

Below National Avg

Housing at a Glance

Median Home Value

$272,100

vs national$272,100 vs $281,900 national

Median Gross Rent

$1,101/mo

vs national$1,101 vs $1,163 national

Effective Tax Rate

0.89%

vs national0.89% vs 1.02% national

Median Household Income

$67,631

vs national$67,631 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,425

Tax as % of Home Value

0.89%

Monthly Owner Cost

$1,255

Renter Income

$41,641

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Frequently Asked Questions

What is the median home value in Fayette County?

The median home value in Fayette County is $272,100. This is below the national median of $281,900.

How much is rent in Fayette County?

The median gross rent in Fayette County is $1,101 per month.

What is the property tax rate in Fayette County?

The effective property tax rate in Fayette County is 0.89%. The median annual property tax bill is $2,425.

Is Fayette County affordable?

With a home-value-to-income ratio of 4x, Fayette County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.