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Letcher County Housing Market

Kentucky · 120 counties · Ranked #25 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$70,500

vs national$70,500 vs $281,900 national

Median Gross Rent

$651/mo

vs national$651 vs $1,163 national

Effective Tax Rate

0.93%

vs national0.93% vs 1.02% national

Median Household Income

$40,501

vs national$40,501 vs $74,755 national

Affordability Ratio

1.7x

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

Rent Burden

28.0%

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

More Housing Data

Property Tax (Median)

$657

Tax as % of Home Value

0.93%

Monthly Owner Cost

$473

Renter Income

$24,225

Frequently Asked Questions

What is the median home value in Letcher County?
The median home value in Letcher County is $70,500. This is below the national median of $281,900.
How much is rent in Letcher County?
The median gross rent in Letcher County is $651 per month.
What is the property tax rate in Letcher County?
The effective property tax rate in Letcher County is 0.93%. The median annual property tax bill is $657.
Is Letcher County affordable?
With a home-value-to-income ratio of 1.7x, Letcher County is considered 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.