Housing decision brief
McLean County, KY Housing Market
McLean County screens as a higher purchase price, below-state rent, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
66th lowest home value out of 120 Kentucky counties with data | 14th lowest rent out of 120
Median home value
$145,600
Purchase-price signal from Census ACS.
Median rent
$602/mo
Gross rent, including utilities where reported.
Monthly owner cost
$697/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
2.1x
Median home value divided by local household income.
Rent burden
23.0%
Below 30% usually screens as less pressured.
Rent vs own
$95/mo
Median rent screens below owner cost.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower rent
$602/mo is 20% below Kentucky county median
Rent burden below pressure line
23.00% of renter income goes to rent, below the 30% burden threshold.
What to Check
Water quality cross-check
Water quality grade is F. Review water data before treating housing cost as the full story.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Renters trying to keep rent below the burden threshold
Poor Fit For
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where McLean County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $145,600 | $138,300 | $281,900 | 5% pressure5% above Kentucky county median |
Median gross rent Lower usually helps affordability. | $602 | $756 | $1,163 | 20% favorable20% below Kentucky county median |
Monthly owner cost Lower usually helps affordability. | $697 | $691 | $1,672 | Near state median1% above Kentucky county median |
Median household income | $70,549 | $55,017 | $74,755 | 28% favorable28% above Kentucky county median |
Effective property-tax rate Lower usually helps affordability. | 0.68% | 1.00% | 1.02% | 32% favorable32% below Kentucky county median |
Rent burden Lower usually helps affordability. | 23.00% | 27.00% | N/A | 15% favorable23.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$46,469
Median income minus rent threshold.
Owner cushion
+$40,678
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
For renters in McLean County, the market is affordable. Expect to pay around $602/month in gross rent, with 23.0% of renter households considered cost-burdened.
Rent vs own
The median rent in McLean County is $602/month, while owner costs run $697/month. Renting saves approximately $95/month.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,080/year. For owner costs at the 28% rule, the required income is roughly $29,871/year. With a median household income of $70,549, most households can comfortably afford rent here. Notably, 23.0% of renter households in McLean County are cost-burdened, spending more than 30% of income on housing.
Regional context
Within Kentucky, McLean County is less affordable than Grayson County by roughly 8% ($602/mo vs $653/mo).
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Hancock County, KY | $137,600 | $752/mo | Same-state comparison near $137,600 home value and $752/mo rent. |
| Logan County, KY | $151,500 | $719/mo | Same-state comparison near $151,500 home value and $719/mo rent. |
| Taylor County, KY | $163,700 | $691/mo | Same-state comparison near $163,700 home value and $691/mo rent. |
| Powder River County, MT | $149,400 | $609/mo | Out-of-state peer near $149,400 home value and $609/mo rent. |
| Frontier County, NE | $138,800 | $605/mo | Out-of-state peer near $138,800 home value and $605/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for McLean County
Is McLean County affordable for buying a home?
Is renting or owning cheaper in McLean County?
How much income do you need for housing in McLean County?
What should I double-check before moving to McLean County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.