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Nicholas County Housing Market

Kentucky · 120 counties · Ranked #611 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$119,600

vs national$119,600 vs $281,900 national

Median Gross Rent

$654/mo

vs national$654 vs $1,163 national

Effective Tax Rate

0.57%

vs national0.57% vs 1.02% national

Median Household Income

$53,616

vs national$53,616 vs $74,755 national

Affordability Ratio

2.2x

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

Rent Burden

21.0%

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

More Housing Data

Property Tax (Median)

$679

Tax as % of Home Value

0.57%

Monthly Owner Cost

$633

Renter Income

$31,767

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Frequently Asked Questions

What is the median home value in Nicholas County?

The median home value in Nicholas County is $119,600. This is below the national median of $281,900.

How much is rent in Nicholas County?

The median gross rent in Nicholas County is $654 per month.

What is the property tax rate in Nicholas County?

The effective property tax rate in Nicholas County is 0.57%. The median annual property tax bill is $679.

Is Nicholas County affordable?

With a home-value-to-income ratio of 2.2x, Nicholas 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.