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Magoffin County Housing Market

Kentucky · 120 counties · Ranked #140 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$88,300

vs national$88,300 vs $281,900 national

Median Gross Rent

$633/mo

vs national$633 vs $1,163 national

Effective Tax Rate

0.73%

vs national0.73% vs 1.02% national

Median Household Income

$33,632

vs national$33,632 vs $74,755 national

Affordability Ratio

2.6x

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

Rent Burden

30.0%

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

More Housing Data

Property Tax (Median)

$643

Tax as % of Home Value

0.73%

Monthly Owner Cost

$473

Renter Income

$19,978

Frequently Asked Questions

What is the median home value in Magoffin County?
The median home value in Magoffin County is $88,300. This is below the national median of $281,900.
How much is rent in Magoffin County?
The median gross rent in Magoffin County is $633 per month.
What is the property tax rate in Magoffin County?
The effective property tax rate in Magoffin County is 0.73%. The median annual property tax bill is $643.
Is Magoffin County affordable?
With a home-value-to-income ratio of 2.6x, Magoffin 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.